Landscape Capital Management L.L.C. Purchases New Holdings in Ingredion Incorporated (NYSE:INGR)

Landscape Capital Management L.L.C. acquired a new position in Ingredion Incorporated (NYSE:INGR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,822 shares of the company’s stock, valued at approximately $525,000.

Several other institutional investors also recently modified their holdings of INGR. 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 purchasing an additional 846,967 shares in the last quarter. Acadian Asset Management LLC raised 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 in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Ingredion by 55,219.9% during the 3rd quarter. International Assets Investment Management LLC now owns 174,811 shares of the company’s stock worth $240,240,000 after acquiring an additional 174,495 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ingredion by 4.9% during the 2nd 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 increased its stake in Ingredion by 43.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 405,465 shares of the company’s stock valued at $47,303,000 after acquiring an additional 123,406 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Price Performance

INGR opened at $146.47 on Friday. The stock has a market cap of $9.54 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.24 and a beta of 0.73. Ingredion Incorporated has a 12 month low of $100.90 and a 12 month high of $155.44. The company has a quick ratio of 1.69, a current ratio of 2.67 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $138.33 and a 200 day simple moving average of $127.50.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.47. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company earned $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 expect that Ingredion Incorporated will post 10.6 EPS for the current year.

Ingredion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were paid a $0.80 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.18%. This is a positive change from Ingredion’s previous quarterly dividend of $0.78. Ingredion’s payout ratio is presently 31.22%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Oppenheimer lifted their price objective on Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Barclays upped their price target on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. BMO Capital Markets boosted their target price on shares of Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, UBS Group upped their price objective on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $155.17.

Insider Activity

In related news, CEO James P. Zallie sold 371 shares of Ingredion stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $133.58, for a total value of $49,558.18. Following the sale, the chief executive officer now owns 52,159 shares of the company’s stock, valued at approximately $6,967,399.22. This trade represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Larry Fernandes sold 6,122 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.66, for a total value of $861,120.52. Following the transaction, the senior vice president now directly owns 29,034 shares of the company’s stock, valued at approximately $4,083,922.44. This trade represents a 17.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,178 shares of company stock worth $4,982,857 over the last quarter. 1.80% of the stock is currently owned by company insiders.

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.