Savant Capital LLC Acquires 489 Shares of Ingredion Incorporated (NYSE:INGR)

Savant Capital LLC grew its holdings in Ingredion Incorporated (NYSE:INGR) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,981 shares of the company’s stock after purchasing an additional 489 shares during the quarter. Savant Capital LLC’s holdings in Ingredion were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Ingredion by 1.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company’s stock valued at $572,000 after purchasing an additional 74 shares during the last quarter. Signaturefd LLC boosted its stake in Ingredion by 5.7% during the 3rd quarter. Signaturefd LLC now owns 1,570 shares of the company’s stock worth $216,000 after acquiring an additional 85 shares during the last quarter. Tidal Investments LLC boosted its stake in Ingredion by 0.5% during the 3rd quarter. Tidal Investments LLC now owns 19,905 shares of the company’s stock worth $2,720,000 after acquiring an additional 94 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Ingredion by 0.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,383 shares of the company’s stock worth $1,427,000 after acquiring an additional 97 shares during the last quarter. Finally, Seelaus Asset Management LLC boosted its stake in Ingredion by 3.3% during the 3rd quarter. Seelaus Asset Management LLC now owns 3,285 shares of the company’s stock worth $451,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Stock Performance

Shares of INGR stock opened at $126.70 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. The company has a market capitalization of $8.26 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.04 and a beta of 0.74. The company’s 50 day moving average price is $135.61 and its two-hundred day moving average price is $136.48. Ingredion Incorporated has a 52 week low of $109.51 and a 52 week high of $155.44.

Ingredion (NYSE:INGR) last announced its 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. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company posted $1.65 EPS. The business’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were issued a $0.80 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.53%. Ingredion’s dividend payout ratio (DPR) is presently 32.96%.

Insider Activity

In other news, CFO James D. Gray sold 54,869 shares of Ingredion 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on INGR shares. Oppenheimer reduced their price objective on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. UBS Group lifted their price objective on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays lifted their price objective on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets dropped their target price on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.