Hussman Strategic Advisors Inc. Sells 10,500 Shares of Ingredion Incorporated (NYSE:INGR)

Hussman Strategic Advisors Inc. lessened its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,500 shares of the company’s stock after selling 10,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Ingredion were worth $1,444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of Jackson Hole Trust purchased a new stake in shares of Ingredion in the fourth quarter worth about $306,000. Venturi Wealth Management LLC lifted its holdings in shares of Ingredion by 110.5% in the fourth quarter. Venturi Wealth Management LLC now owns 644 shares of the company’s stock worth $89,000 after buying an additional 338 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Ingredion by 1.3% in the fourth quarter. Truist Financial Corp now owns 6,854 shares of the company’s stock worth $943,000 after buying an additional 90 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Ingredion by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 2,074 shares of the company’s stock worth $285,000 after buying an additional 106 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Ingredion by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 753,680 shares of the company’s stock worth $103,675,000 after buying an additional 28,306 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 1.0 %

INGR stock opened at $126.84 on Thursday. The company has a market capitalization of $8.26 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 1.04 and a beta of 0.74. Ingredion Incorporated has a one year low of $109.51 and a one year high of $155.44. The company’s 50 day moving average price is $134.57 and its two-hundred day moving average price is $136.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.54 by $0.09. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. As a group, analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Thursday, January 2nd. Ingredion’s dividend payout ratio (DPR) is presently 32.96%.

Insiders Place Their Bets

In other news, CFO James D. Gray sold 54,869 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $146.76, for a total value of $8,052,574.44. Following the transaction, the chief financial officer now owns 12,795 shares in the company, valued at approximately $1,877,794.20. This trade represents a 81.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

INGR has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays increased their price target on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Stephens lowered their target price on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, BMO Capital Markets lowered their target price on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.20.

About Ingredion

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.