Cambridge Investment Research Advisors Inc. Has $675,000 Stock Position in Ingredion Incorporated (NYSE:INGR)

Cambridge Investment Research Advisors Inc. grew its position in shares of Ingredion Incorporated (NYSE:INGR – Get Rating) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,890 shares of the company’s stock after acquiring an additional 347 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Ingredion were worth $675,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of INGR. Acadian Asset Management LLC boosted its holdings in shares of Ingredion by 1,760.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,581 shares of the company’s stock valued at $137,000 after buying an additional 1,496 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Ingredion by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,385 shares of the company’s stock valued at $2,125,000 after buying an additional 2,325 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Ingredion by 1.9% in the 1st quarter. BlackRock Inc. now owns 5,790,111 shares of the company’s stock valued at $504,608,000 after buying an additional 107,110 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Ingredion by 14.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 42,242 shares of the company’s stock valued at $3,791,000 after buying an additional 5,392 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of Ingredion by 1.2% in the 1st quarter. Yousif Capital Management LLC now owns 29,968 shares of the company’s stock valued at $2,612,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INGR shares. Barclays increased their price objective on Ingredion from $110.00 to $120.00 in a report on Thursday, May 4th. UBS Group raised Ingredion from a “neutral” rating to a “buy” rating and raised their price target for the company from $105.00 to $121.00 in a report on Thursday, April 13th. StockNews.com initiated coverage on Ingredion in a report on Thursday, May 18th. They set a “buy” rating for the company. Stephens reaffirmed an “overweight” rating and set a $120.00 price target on shares of Ingredion in a report on Friday, March 17th. Finally, BMO Capital Markets raised their price target on Ingredion from $115.00 to $123.00 in a report on Thursday, May 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.80.

Ingredion Stock Down 1.1 %

INGR stock opened at $110.23 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.80 and a quick ratio of 0.92. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 13.33 and a beta of 0.76. The business’s fifty day moving average price is $104.48 and its two-hundred day moving average price is $100.74. Ingredion Incorporated has a fifty-two week low of $78.81 and a fifty-two week high of $113.46.

Ingredion (NYSE:INGR – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.79. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Ingredion had a return on equity of 17.51% and a net margin of 6.75%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 EPS. On average, equities analysts anticipate that Ingredion Incorporated will post 9.05 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Monday, July 3rd will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, June 30th. Ingredion’s payout ratio is currently 34.34%.

Insider Buying and Selling

In related news, EVP Jorgen Kokke sold 7,119 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $100.21, for a total value of $713,394.99. Following the transaction, the executive vice president now owns 36,537 shares in the company, valued at $3,661,372.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Jorgen Kokke sold 7,119 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $100.21, for a total value of $713,394.99. Following the transaction, the executive vice president now owns 36,537 shares in the company, valued at $3,661,372.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Larry Fernandes sold 1,746 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $108.61, for a total value of $189,633.06. Following the completion of the transaction, the senior vice president now owns 20,246 shares in the company, valued at approximately $2,198,918.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,866 shares of company stock worth $903,124. Company insiders own 1.56% of the company’s stock.

Ingredion Profile

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Ingredion, Inc engages in the development, production, and sale of food and beverage ingredients, primarily starches and sweeteners. The firm is involved in transforming corn, tapioca, potatoes, plant-based stevia, grains, fruits, gums, and vegetables into value-added ingredients and biomaterials for the food, beverage, brewing, and other industries.