CIBC Asset Management Inc increased its position in Ingredion Inc (NYSE:INGR) by 26.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,561 shares of the company’s stock after purchasing an additional 750 shares during the period. CIBC Asset Management Inc’s holdings in Ingredion were worth $498,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of INGR. Toronto Dominion Bank grew its stake in shares of Ingredion by 10.6% in the second quarter. Toronto Dominion Bank now owns 952 shares of the company’s stock worth $113,000 after acquiring an additional 91 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Ingredion in the fourth quarter worth $114,000. WFG Advisors LP grew its stake in shares of Ingredion by 0.4% in the second quarter. WFG Advisors LP now owns 1,373 shares of the company’s stock worth $164,000 after acquiring an additional 6 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of Ingredion in the third quarter worth $173,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Ingredion by 66.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,249 shares of the company’s stock worth $174,000 after acquiring an additional 500 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Ingredion from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. BidaskClub raised Ingredion from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Stephens raised Ingredion from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 15th. Credit Suisse Group set a $156.00 target price on Ingredion and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Jefferies Group set a $145.00 target price on Ingredion and gave the stock a “buy” rating in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $146.00.

Ingredion Inc (INGR) opened at $128.37 on Wednesday. The stock has a market capitalization of $9,304.36, a price-to-earnings ratio of 16.79, a PEG ratio of 1.42 and a beta of 0.71. The company has a current ratio of 2.52, a quick ratio of 1.66 and a debt-to-equity ratio of 0.60. Ingredion Inc has a 1-year low of $113.42 and a 1-year high of $146.28.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.43 billion. Ingredion had a net margin of 8.63% and a return on equity of 20.42%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. analysts predict that Ingredion Inc will post 8.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Friday, December 29th. Ingredion’s payout ratio is currently 33.95%.

In other news, SVP Jorgen Kokke sold 20,674 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $133.00, for a total transaction of $2,749,642.00. Following the transaction, the senior vice president now directly owns 23,119 shares of the company’s stock, valued at $3,074,827. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Martin Sonntag sold 14,939 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.00, for a total value of $2,016,765.00. Following the transaction, the senior vice president now directly owns 9,875 shares in the company, valued at $1,333,125. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,215 shares of company stock worth $7,007,843. Corporate insiders own 1.92% of the company’s stock.

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Ingredion Profile

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.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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