Cornerstone Capital Management Holdings LLC. decreased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 77.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 36,085 shares of the company’s stock after selling 122,613 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.05% of Ingredion worth $4,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BKD Wealth Advisors LLC increased its position in Ingredion by 6.1% during the 2nd quarter. BKD Wealth Advisors LLC now owns 2,457 shares of the company’s stock valued at $293,000 after purchasing an additional 141 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Ingredion by 2.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 211,175 shares of the company’s stock valued at $25,174,000 after purchasing an additional 5,707 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Ingredion by 6.2% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 149,884 shares of the company’s stock valued at $17,868,000 after purchasing an additional 8,720 shares during the period. Tobam purchased a new position in Ingredion during the 2nd quarter valued at about $938,000. Finally, Swiss National Bank increased its position in Ingredion by 2.0% during the 2nd quarter. Swiss National Bank now owns 261,700 shares of the company’s stock valued at $31,197,000 after purchasing an additional 5,100 shares during the period. 83.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ingredion Incorporated (NYSE:INGR) opened at 124.25 on Friday. The stock has a 50 day moving average of $122.91 and a 200-day moving average of $120.53. The company has a market capitalization of $8.91 billion, a PE ratio of 18.69 and a beta of 0.59. Ingredion Incorporated has a 12-month low of $113.07 and a 12-month high of $137.62.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.03. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.50 billion. Ingredion had a net margin of 8.35% and a return on equity of 20.84%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. Analysts predict that Ingredion Incorporated will post $7.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, September 29th. This is a positive change from Ingredion’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 1.93%. Ingredion’s dividend payout ratio is 36.09%.

In related news, VP James P. Zallie sold 27,972 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $125.39, for a total transaction of $3,507,409.08. Following the sale, the vice president now directly owns 29,429 shares in the company, valued at $3,690,102.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James P. Zallie sold 21,862 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $125.04, for a total transaction of $2,733,624.48. Following the sale, the vice president now owns 29,306 shares in the company, valued at $3,664,422.24. The disclosure for this sale can be found here. Insiders have sold 52,882 shares of company stock worth $6,622,034 over the last 90 days. Insiders own 1.92% of the company’s stock.

A number of research firms have commented on INGR. BMO Capital Markets reissued a “hold” rating and set a $125.00 target price on shares of Ingredion in a research report on Friday, September 29th. BidaskClub raised shares of Ingredion from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research downgraded shares of Ingredion from a “buy” rating to a “hold” rating and set a $135.00 target price on the stock. in a research report on Wednesday, September 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Ingredion presently has a consensus rating of “Hold” and an average target price of $140.00.

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About Ingredion

Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.

Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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