Landscape Capital Management L.L.C. lifted its holdings in shares of Ingredion Incorporated (NYSE:INGR – Free Report) by 80.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,128 shares of the company’s stock after purchasing an additional 7,631 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Ingredion were worth $1,889,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Ingredion during the fourth quarter worth $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Ingredion during the fourth quarter worth $36,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Ingredion by 40.5% during the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after purchasing an additional 102 shares during the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of Ingredion during the fourth quarter worth $46,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ingredion by 166.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock worth $47,000 after purchasing an additional 238 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.
Ingredion Price Performance
Shares of Ingredion stock opened at $101.42 on Tuesday. The business’s fifty day moving average price is $107.06 and its 200 day moving average price is $111.12. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Ingredion Incorporated has a twelve month low of $97.12 and a twelve month high of $140.47. The stock has a market capitalization of $6.40 billion, a P/E ratio of 9.77, a PEG ratio of 0.85 and a beta of 0.60.
Ingredion Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be given a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.2%. Ingredion’s dividend payout ratio (DPR) is 31.60%.
Insider Buying and Selling
In other Ingredion news, VP Davida Marie Gable sold 375 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total value of $42,165.00. Following the transaction, the vice president directly owned 7,110 shares of the company’s stock, valued at $799,448.40. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research analysts recently weighed in on INGR shares. Benchmark reiterated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Zacks Research cut Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. UBS Group reiterated a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a report on Thursday, May 7th. Finally, Barclays reduced their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $122.43.
Get Our Latest Research Report on Ingredion
Ingredion Company Profile
Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.
The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.
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