Janus Henderson Group PLC Has $11.37 Million Holdings in Ingredion Inc (INGR)
Janus Henderson Group PLC decreased its holdings in Ingredion Inc (NYSE:INGR) by 68.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,220 shares of the company’s stock after selling 205,628 shares during the quarter. Janus Henderson Group PLC owned 0.13% of Ingredion worth $11,366,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Schwab Charles Investment Management Inc. raised its position in shares of Ingredion by 39.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 414,111 shares of the company’s stock valued at $49,367,000 after buying an additional 117,591 shares in the last quarter. Legal & General Group Plc raised its position in shares of Ingredion by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 341,721 shares of the company’s stock valued at $40,735,000 after buying an additional 11,733 shares in the last quarter. Blair William & Co. IL raised its position in shares of Ingredion by 21.1% in the 2nd quarter. Blair William & Co. IL now owns 10,185 shares of the company’s stock valued at $1,214,000 after buying an additional 1,772 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Ingredion by 2.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 104,452 shares of the company’s stock valued at $12,452,000 after buying an additional 2,678 shares in the last quarter. Finally, 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 worth $25,174,000 after purchasing an additional 5,707 shares in the last quarter. Institutional investors and hedge funds own 83.39% of the company’s stock.
In other Ingredion news, SVP Jorgen Kokke sold 20,674 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $133.00, for a total transaction of $2,749,642.00. Following the sale, the senior vice president now directly owns 23,119 shares of the company’s stock, valued at approximately $3,074,827. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.92% of the company’s stock.
Ingredion (NYSE:INGR) last released its quarterly earnings data on Wednesday, November 1st. The company reported $2.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.17. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Ingredion had a net margin of 8.73% and a return on equity of 20.92%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. analysts anticipate that Ingredion Inc will post 7.71 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, December 29th. Ingredion’s payout ratio is 34.33%.
INGR has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Stephens upgraded shares of Ingredion from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 15th. Jefferies Group set a $145.00 price objective on shares of Ingredion and gave the stock a “buy” rating in a research report on Sunday, October 29th. Credit Suisse Group reiterated an “outperform” rating and set a $145.00 price objective (up from $140.00) on shares of Ingredion in a research report on Thursday, November 2nd. Finally, BidaskClub upgraded shares of Ingredion from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $140.00.
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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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