Versant Capital Management Inc Purchases 362 Shares of Ingredion Incorporated (NYSE:INGR)

Versant Capital Management Inc boosted its holdings in Ingredion Incorporated (NYSE:INGR) by 431.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 446 shares of the company’s stock after acquiring an additional 362 shares during the quarter. Versant Capital Management Inc’s holdings in Ingredion were worth $61,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ingredion in the second quarter worth $33,000. Prospera Private Wealth LLC purchased a new position in Ingredion in the 3rd quarter worth about $41,000. Abich Financial Wealth Management LLC bought a new position in Ingredion during the 2nd quarter valued at about $56,000. Concord Wealth Partners boosted its holdings in shares of Ingredion by 82.6% during the 3rd quarter. Concord Wealth Partners now owns 493 shares of the company’s stock valued at $68,000 after acquiring an additional 223 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Ingredion during the 3rd quarter valued at about $86,000. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingredion Price Performance

NYSE INGR opened at $136.53 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.67. The business’s fifty day moving average is $142.92 and its 200 day moving average is $132.96. The company has a market capitalization of $8.90 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.24 and a beta of 0.75. Ingredion Incorporated has a fifty-two week low of $106.03 and a fifty-two week high of $155.44.

Ingredion (NYSE:INGR) last announced its quarterly earnings data 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 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 previous year, the company posted $2.33 EPS. The firm’s revenue was down 8.0% on a year-over-year basis. Sell-side analysts predict that Ingredion Incorporated will post 10.59 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, January 2nd. This represents a $3.20 annualized dividend and a dividend yield of 2.34%. Ingredion’s payout ratio is 31.22%.

Analyst Upgrades and Downgrades

INGR has been the subject of several research reports. Barclays boosted their price objective on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. UBS Group boosted their target price on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Oppenheimer raised their price target on Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. BMO Capital Markets upped their price objective on Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Finally, Stephens raised Ingredion to a “hold” rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ingredion has an average rating of “Moderate Buy” and an average target price of $155.17.

Insider Activity at Ingredion

In other Ingredion news, CFO James D. Gray sold 54,869 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the completion of the sale, the chief financial officer now directly owns 12,795 shares of the company’s stock, valued at $1,877,794.20. This trade represents a 81.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Larry Fernandes sold 4,700 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 29,034 shares in the company, valued at $4,454,105.94. This trade represents a 13.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,197 shares of company stock worth $9,702,325. 1.80% of the stock is owned by corporate insiders.

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.