Ingredion Incorporated (NYSE:INGR) Shares Bought by Jane Street Group LLC

Jane Street Group LLC increased its stake in shares of Ingredion Incorporated (NYSE:INGR) by 170.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,810 shares of the company’s stock after acquiring an additional 65,447 shares during the period. Jane Street Group LLC owned about 0.16% of Ingredion worth $14,280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Ingredion by 327.2% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 531,413 shares of the company’s stock worth $73,101,000 after acquiring an additional 407,027 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of Ingredion during the fourth quarter worth about $1,483,000. Comerica Bank boosted its position in Ingredion by 11.9% in the 4th quarter. Comerica Bank now owns 46,077 shares of the company’s stock valued at $6,338,000 after buying an additional 4,890 shares during the period. AQR Capital Management LLC grew its stake in Ingredion by 4.6% during the 4th quarter. AQR Capital Management LLC now owns 316,344 shares of the company’s stock worth $43,516,000 after purchasing an additional 13,848 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Ingredion by 22.6% in the 4th quarter. Northern Trust Corp now owns 717,526 shares of the company’s stock valued at $98,703,000 after purchasing an additional 132,151 shares during the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingredion

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

Ingredion Stock Up 3.4 %

Shares of INGR stock opened at $138.20 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. The business’s fifty day moving average is $131.32 and its 200-day moving average is $135.55. Ingredion Incorporated has a 1 year low of $111.54 and a 1 year high of $155.44. The stock has a market cap 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 issued its earnings results on Tuesday, May 6th. The company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.53. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $2.08 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

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

Wall Street Analyst Weigh In

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