Paradiem LLC Buys 259 Shares of Ingredion Incorporated (NYSE:INGR)

Paradiem LLC boosted its stake in shares of Ingredion Incorporated (NYSE:INGR) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,620 shares of the company’s stock after buying an additional 259 shares during the period. Ingredion accounts for 3.3% of Paradiem LLC’s investment portfolio, making the stock its 7th largest position. Paradiem LLC’s holdings in Ingredion were worth $12,328,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Ingredion by 0.8% in the 3rd quarter. State Street Corp now owns 2,436,601 shares of the company’s stock valued at $334,862,000 after purchasing an additional 19,560 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Ingredion by 2.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,539,179 shares of the company’s stock valued at $211,529,000 after purchasing an additional 36,421 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Ingredion by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company’s stock valued at $160,516,000 after purchasing an additional 19,064 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Ingredion by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock valued at $99,683,000 after purchasing an additional 10,812 shares during the last quarter. Finally, Brandes Investment Partners LP lifted its stake in Ingredion by 21.3% during the 2nd quarter. Brandes Investment Partners LP now owns 431,339 shares of the company’s stock worth $49,477,000 after acquiring an additional 75,754 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Trading Down 0.8 %

INGR opened at $135.45 on Thursday. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.10 and a beta of 0.75. Ingredion Incorporated has a 52 week low of $107.20 and a 52 week high of $155.44. The business’s 50 day moving average is $140.80 and its two-hundred day moving average is $134.73. The company has a quick ratio of 1.69, a current ratio of 2.67 and a debt-to-equity ratio of 0.44.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.58 by $0.47. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.94 billion. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 earnings per share. On average, research analysts predict that Ingredion Incorporated will post 10.59 EPS for the current year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were paid a $0.80 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a dividend yield of 2.36%. Ingredion’s dividend payout ratio (DPR) is currently 31.22%.

Insider Buying and Selling at Ingredion

In related news, CFO James D. Gray sold 54,869 shares of Ingredion stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $146.76, for a total value of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares in the company, valued at $1,877,794.20. The trade was a 81.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Fernandes sold 6,122 shares of Ingredion stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $140.66, for a total value of $861,120.52. Following the completion of the sale, the senior vice president now owns 29,034 shares in the company, valued at approximately $4,083,922.44. This trade represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,692 shares of company stock worth $9,634,868. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INGR shares. UBS Group raised their target price on Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. Oppenheimer lifted their price objective on Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. BMO Capital Markets lifted their price objective on Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Barclays raised their target price on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Stephens raised Ingredion to a “hold” rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Ingredion has a consensus rating of “Moderate Buy” and an average price target of $155.17.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.