Robeco Institutional Asset Management B.V. Purchases 34,348 Shares of Ingredion Incorporated (NYSE:INGR)

Robeco Institutional Asset Management B.V. boosted its position in Ingredion Incorporated (NYSE:INGR) by 65.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 86,878 shares of the company’s stock after buying an additional 34,348 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Ingredion were worth $11,951,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in Ingredion by 1.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company’s stock valued at $572,000 after acquiring an additional 74 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its holdings in Ingredion by 4.1% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 2,819 shares of the company’s stock worth $388,000 after buying an additional 110 shares during the last quarter. Lebenthal Global Advisors LLC boosted its holdings in Ingredion by 3.0% during the fourth quarter. Lebenthal Global Advisors LLC now owns 6,358 shares of the company’s stock worth $875,000 after buying an additional 188 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Ingredion by 16.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company’s stock worth $260,056,000 after buying an additional 268,389 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Ingredion by 45.7% during the fourth quarter. KBC Group NV now owns 2,515 shares of the company’s stock worth $346,000 after buying an additional 789 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on INGR shares. BMO Capital Markets raised their target price on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a report 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 report on Wednesday, November 6th. Stephens upgraded Ingredion to a “hold” rating in a report on Monday, December 2nd. UBS Group raised their target price on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.17.

Insider Activity at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 4,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $153.41, for a total transaction of $721,027.00. Following the transaction, the senior vice president now owns 29,034 shares of the company’s stock, valued at $4,454,105.94. The trade was a 13.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James D. Gray sold 54,869 shares of the business’s 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 transaction, the chief financial officer now directly owns 12,795 shares in the company, valued at $1,877,794.20. This trade represents a 81.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,692 shares of company stock valued at $9,634,868. 1.80% of the stock is owned by insiders.

Ingredion Trading Down 0.7 %

NYSE:INGR opened at $136.40 on Friday. The business’s 50-day simple moving average is $139.51 and its 200-day simple moving average is $135.69. Ingredion Incorporated has a fifty-two week low of $107.40 and a fifty-two week high of $155.44. The stock has a market capitalization of $8.89 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 1.12 and a beta of 0.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.47. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm earned $2.33 EPS. Ingredion’s revenue for the quarter was down 8.0% compared to the same quarter last year. Sell-side analysts expect that Ingredion Incorporated will post 10.59 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Thursday, January 2nd. Ingredion’s dividend payout ratio is presently 31.22%.

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.