Oxford Asset Management LLP Invests $280,000 in Ingredion Incorporated (NYSE:INGR)

Oxford Asset Management LLP bought a new stake in Ingredion Incorporated (NYSE:INGR) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,581 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors have also added to or reduced their stakes in INGR. US Bancorp DE grew its holdings in Ingredion by 4.8% during the 4th quarter. US Bancorp DE now owns 15,218 shares of the company’s stock worth $1,652,000 after acquiring an additional 696 shares during the period. Loews Corp increased its holdings in Ingredion by 11.1% in the fourth quarter. Loews Corp now owns 200,000 shares of the company’s stock worth $21,706,000 after purchasing an additional 20,000 shares in the last quarter. CNA Financial Corp increased its holdings in Ingredion by 9.1% in the fourth quarter. CNA Financial Corp now owns 120,000 shares of the company’s stock worth $13,024,000 after purchasing an additional 10,000 shares in the last quarter. Goodman Financial Corp lifted its stake in Ingredion by 0.6% in the fourth quarter. Goodman Financial Corp now owns 112,023 shares of the company’s stock valued at $12,158,000 after buying an additional 692 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Ingredion by 178.9% during the 4th quarter. Franklin Resources Inc. now owns 59,551 shares of the company’s stock worth $6,463,000 after buying an additional 38,201 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INGR has been the topic of a number of research reports. StockNews.com upgraded shares of Ingredion from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Ingredion in a research report on Wednesday, February 7th. The Goldman Sachs Group upgraded Ingredion from a “neutral” rating to a “buy” rating and lifted their price target for the company from $122.00 to $135.00 in a research note on Thursday, February 15th. BMO Capital Markets lifted their price objective on shares of Ingredion from $117.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, May 9th. Finally, Barclays upped their target price on Ingredion from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ingredion presently has an average rating of “Moderate Buy” and an average price target of $127.17.

Insider Buying and Selling at Ingredion

In other news, CFO James D. Gray sold 8,490 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $121.74, for a total value of $1,033,572.60. Following the sale, the chief financial officer now directly owns 42,833 shares of the company’s stock, valued at $5,214,489.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Ingredion news, CFO James D. Gray sold 8,490 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $121.74, for a total value of $1,033,572.60. Following the sale, the chief financial officer now owns 42,833 shares of the company’s stock, valued at approximately $5,214,489.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Davida Marie Gable sold 1,968 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $117.38, for a total value of $231,003.84. Following the transaction, the vice president now directly owns 1,723 shares of the company’s stock, valued at approximately $202,245.74. The disclosure for this sale can be found here. Insiders sold 67,410 shares of company stock valued at $7,946,056 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Ingredion Stock Performance

NYSE:INGR traded down $0.09 during trading hours on Friday, reaching $117.56. The stock had a trading volume of 78,238 shares, compared to its average volume of 384,483. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.39 and a current ratio of 2.44. The stock has a market cap of $7.72 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81. Ingredion Incorporated has a 12-month low of $89.54 and a 12-month high of $122.18. The stock has a 50 day simple moving average of $115.72 and a 200 day simple moving average of $111.23.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Wednesday, May 8th. The company reported $2.08 EPS for the quarter, meeting the consensus estimate of $2.08. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $2.02 billion. Ingredion had a net margin of 8.45% and a return on equity of 16.56%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 earnings per share. On average, research analysts forecast that Ingredion Incorporated will post 9.76 EPS for the current fiscal year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Monday, July 1st will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Monday, July 1st. Ingredion’s payout ratio is currently 31.26%.

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.