Ingredion Incorporated (NYSE:INGR) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lifted its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,623 shares of the company’s stock after acquiring an additional 185 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Ingredion were worth $4,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Ingredion by 5.8% during the fourth quarter. Vanguard Group Inc. now owns 7,773,126 shares of the company’s stock valued at $843,617,000 after purchasing an additional 427,496 shares during the period. Dimensional Fund Advisors LP boosted its position in Ingredion by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,471,587 shares of the company’s stock valued at $268,243,000 after buying an additional 82,599 shares during the last quarter. Equity Investment Corp grew its stake in shares of Ingredion by 2.9% during the first quarter. Equity Investment Corp now owns 952,110 shares of the company’s stock valued at $111,254,000 after acquiring an additional 27,062 shares in the last quarter. Norges Bank purchased a new stake in shares of Ingredion during the fourth quarter worth about $82,272,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Ingredion by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 659,532 shares of the company’s stock valued at $71,579,000 after purchasing an additional 8,159 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 2,369 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $119.11, for a total value of $282,171.59. Following the sale, the senior vice president now owns 28,848 shares in the company, valued at $3,436,085.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Larry Fernandes sold 2,369 shares of Ingredion stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $119.11, for a total value of $282,171.59. Following the completion of the transaction, the senior vice president now directly owns 28,848 shares of the company’s stock, valued at $3,436,085.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert A. Ritchie sold 1,195 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $125.00, for a total transaction of $149,375.00. Following the transaction, the senior vice president now owns 15,906 shares in the company, valued at $1,988,250. The disclosure for this sale can be found here. Insiders sold 39,554 shares of company stock valued at $4,665,019 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on INGR shares. BMO Capital Markets upped their target price on shares of Ingredion from $117.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, May 9th. StockNews.com raised Ingredion from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Two investment 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $127.17.

Ingredion Trading Down 2.4 %

Shares of INGR traded down $3.00 during midday trading on Monday, hitting $120.02. The stock had a trading volume of 491,008 shares, compared to its average volume of 390,895. The business has a 50-day simple moving average of $116.48 and a two-hundred day simple moving average of $115.16. The firm has a market cap of $7.88 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 1.16 and a beta of 0.72. The company has a current ratio of 2.44, a quick ratio of 1.39 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a fifty-two week low of $89.54 and a fifty-two week high of $125.46.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $2.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.08. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $2.02 billion. Ingredion had a net margin of 8.45% and a return on equity of 16.56%. The firm’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. As a group, equities analysts forecast that Ingredion Incorporated will post 9.7 EPS for the current year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Monday, July 1st were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $3.12 annualized dividend and a yield of 2.60%. Ingredion’s dividend payout ratio (DPR) is currently 31.26%.

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.