Bokf Na Purchases 37,718 Shares of Ingredion Incorporated (NYSE:INGR)

Bokf Na grew its position in Ingredion Incorporated (NYSE:INGR) by 200.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,572 shares of the company’s stock after purchasing an additional 37,718 shares during the period. Bokf Na’s holdings in Ingredion were worth $7,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new position in Ingredion during the 4th quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Ingredion during the fourth quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ingredion by 653.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company’s stock valued at $31,000 after purchasing an additional 196 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Ingredion by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $44,000 after buying an additional 79 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of Ingredion during the 4th quarter worth about $48,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO James P. Zallie sold 10,815 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the transaction, the chief executive officer now directly owns 34,127 shares of the company’s stock, valued at approximately $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Ingredion Trading Up 3.4 %

Shares of INGR stock opened at $138.20 on Wednesday. Ingredion Incorporated has a 12-month low of $111.54 and a 12-month high of $155.44. The firm has a 50 day moving average price of $131.32 and a two-hundred day moving average price of $135.55. 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 has a market capitalization of $8.89 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.53. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.08 EPS. As a group, analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Tuesday, April 1st. Ingredion’s dividend payout ratio is 32.96%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com downgraded Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. BMO Capital Markets decreased their price objective on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. UBS Group set a $155.00 target price on shares of Ingredion in a report on Tuesday, April 22nd. Oppenheimer reduced their price target on Ingredion from $167.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Finally, Stephens dropped their price objective on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Ingredion presently has an average rating of “Moderate Buy” and an average target price of $152.20.

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.