Sanctuary Advisors LLC Sells 265 Shares of Ingredion Incorporated (NYSE:INGR)

Sanctuary Advisors LLC lessened its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,663 shares of the company’s stock after selling 265 shares during the quarter. Sanctuary Advisors LLC’s holdings in Ingredion were worth $1,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Ingredion by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 753,680 shares of the company’s stock worth $103,675,000 after purchasing an additional 28,306 shares during the period. James Investment Research Inc. boosted its position in Ingredion by 105.0% during the 4th quarter. James Investment Research Inc. now owns 6,569 shares of the company’s stock valued at $904,000 after acquiring an additional 3,364 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Ingredion by 2.9% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,355 shares of the company’s stock valued at $2,662,000 after purchasing an additional 547 shares during the period. W.H. Cornerstone Investments Inc. boosted its position in shares of Ingredion by 28.6% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 9,186 shares of the company’s stock valued at $1,264,000 after purchasing an additional 2,044 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Ingredion by 4.4% in the fourth quarter. Van ECK Associates Corp now owns 163,575 shares of the company’s stock worth $22,501,000 after purchasing an additional 6,845 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In related news, CFO James D. Gray sold 54,869 shares of Ingredion stock in a transaction 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 completion of the sale, the chief financial officer now owns 12,795 shares of the company’s stock, valued at $1,877,794.20. The trade was a 81.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO James P. Zallie sold 10,815 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the transaction, the chief executive officer now directly owns 34,127 shares in the company, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,685 shares of company stock worth $9,414,112 over the last three months. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays raised their price objective on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Oppenheimer cut their price objective on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Stephens lowered their target price on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. UBS Group upped their price target on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.20.

Ingredion Trading Up 1.7 %

NYSE:INGR opened at $130.30 on Tuesday. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 1.03 and a beta of 0.74. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average price is $133.61 and its 200-day moving average price is $136.59. Ingredion Incorporated has a 52 week low of $109.51 and a 52 week high of $155.44.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.09. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company earned $1.65 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion’s payout ratio is presently 32.96%.

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.