Ingredion Incorporated (NYSE:INGR) Shares Acquired by Seelaus Asset Management LLC

Seelaus Asset Management LLC grew its holdings in Ingredion Incorporated (NYSE:INGR) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,285 shares of the company’s stock after purchasing an additional 105 shares during the quarter. Seelaus Asset Management LLC’s holdings in Ingredion were worth $451,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Pacer Advisors Inc. raised its stake in shares of Ingredion by 92.4% in the second quarter. Pacer Advisors Inc. now owns 1,764,012 shares of the company’s stock valued at $202,332,000 after acquiring an additional 846,967 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Ingredion by 177.8% in the 2nd quarter. Acadian Asset Management LLC now owns 396,743 shares of the company’s stock valued at $45,491,000 after buying an additional 253,949 shares during the period. International Assets Investment Management LLC grew its position in shares of Ingredion by 55,219.9% during the third quarter. International Assets Investment Management LLC now owns 174,811 shares of the company’s stock worth $240,240,000 after buying an additional 174,495 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Ingredion by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,685,339 shares of the company’s stock valued at $308,009,000 after acquiring an additional 125,543 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Ingredion by 43.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 405,465 shares of the company’s stock worth $47,303,000 after acquiring an additional 123,406 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on INGR shares. Barclays raised their price objective on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. UBS Group upped their price objective on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com downgraded Ingredion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. BMO Capital Markets boosted their target price on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer increased their price target on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ingredion currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.17.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 1,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $134.02, for a total transaction of $134,020.00. Following the completion of the sale, the chief executive officer now directly owns 52,530 shares of the company’s stock, valued at $7,040,070.60. This trade represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Fernandes sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total transaction of $721,027.00. Following the completion of the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at approximately $4,454,105.94. The trade was a 13.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,056 shares of company stock worth $4,121,736. Company insiders own 1.80% of the company’s stock.

Ingredion Trading Down 5.6 %

NYSE:INGR opened at $140.79 on Friday. The company has a market capitalization of $9.17 billion, a PE ratio of 13.74, a P/E/G ratio of 1.29 and a beta of 0.73. Ingredion Incorporated has a 52-week low of $100.90 and a 52-week high of $155.44. The stock’s 50 day moving average price is $137.44 and its 200 day moving average price is $126.35. 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 announced its earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.47. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm posted $2.33 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, research analysts anticipate that Ingredion Incorporated will post 10.6 EPS for the current year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from Ingredion’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, October 1st. Ingredion’s dividend payout ratio is presently 31.22%.

Ingredion 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.