Westover Capital Advisors LLC Has $3.13 Million Stake in Ingredion Incorporated (NYSE:INGR)

Westover Capital Advisors LLC decreased its position in shares of Ingredion Incorporated (NYSE:INGR) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,822 shares of the company’s stock after selling 4,523 shares during the period. Ingredion makes up 1.0% of Westover Capital Advisors LLC’s holdings, making the stock its 25th biggest position. Westover Capital Advisors LLC’s holdings in Ingredion were worth $3,128,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in shares of Ingredion by 164.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 61,713 shares of the company’s stock valued at $6,073,000 after acquiring an additional 38,389 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Ingredion by 7.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,004 shares of the company’s stock valued at $394,000 after buying an additional 266 shares during the last quarter. Foster & Motley Inc. lifted its holdings in shares of Ingredion by 18.8% during the 3rd quarter. Foster & Motley Inc. now owns 5,541 shares of the company’s stock valued at $545,000 after buying an additional 875 shares during the period. Hanson & Doremus Investment Management increased its holdings in Ingredion by 11.8% in the 3rd quarter. Hanson & Doremus Investment Management now owns 22,119 shares of the company’s stock worth $2,177,000 after acquiring an additional 2,339 shares in the last quarter. Finally, Bailard Inc. lifted its holdings in shares of Ingredion by 13.5% in the third quarter. Bailard Inc. now owns 5,900 shares of the company’s stock worth $581,000 after buying an additional 700 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Ingredion news, CEO James P. Zallie sold 54,581 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $117.24, for a total value of $6,399,076.44. Following the completion of the sale, the chief executive officer now owns 99,246 shares of the company’s stock, valued at $11,635,601.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Larry Fernandes sold 2,369 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $115.08, for a total transaction of $272,624.52. Following the transaction, the senior vice president now owns 28,966 shares of the company’s stock, valued at approximately $3,333,407.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James P. Zallie sold 54,581 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $117.24, for a total transaction of $6,399,076.44. Following the completion of the transaction, the chief executive officer now directly owns 99,246 shares of the company’s stock, valued at $11,635,601.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,921 shares of company stock worth $6,903,045. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on INGR. StockNews.com raised shares of Ingredion from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Barclays increased their price objective on Ingredion from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Ingredion in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group raised Ingredion from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $122.00 to $135.00 in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.67.

Ingredion Stock Up 0.8 %

Shares of NYSE INGR traded up $0.90 during mid-day trading on Thursday, hitting $115.20. The company had a trading volume of 139,770 shares, compared to its average volume of 382,577. Ingredion Incorporated has a one year low of $89.54 and a one year high of $118.83. The company has a current ratio of 1.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $115.19 and a two-hundred day simple moving average of $108.53. The company has a market capitalization of $7.56 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, February 6th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.10. Ingredion had a net margin of 7.88% and a return on equity of 18.57%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the firm earned $1.65 earnings per share. Ingredion’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities analysts expect that Ingredion Incorporated will post 9.62 EPS for the current year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Monday, April 1st were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.71%. The ex-dividend date was Thursday, March 28th. Ingredion’s dividend payout ratio (DPR) is presently 32.50%.

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.