9,204 Shares in Ingredion Incorporated $INGR Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new stake in Ingredion Incorporated (NYSE:INGR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,204 shares of the company’s stock, valued at approximately $1,037,000.

Several other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of Ingredion in the fourth quarter worth $30,000. GHP Investment Advisors Inc. acquired a new position in shares of Ingredion during the 1st quarter valued at $33,000. Los Angeles Capital Management LLC acquired a new position in shares of Ingredion during the 4th quarter valued at $36,000. Capital Advisors Ltd. LLC boosted its position in Ingredion by 40.5% during the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after purchasing an additional 102 shares during the period. Finally, Root Financial Partners LLC increased its holdings in Ingredion by 83.7% in the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after purchasing an additional 169 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on INGR shares. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, UBS Group restated a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ingredion currently has an average rating of “Hold” and a consensus price target of $122.43.

Ingredion Stock Up 0.9%

Shares of Ingredion stock opened at $100.34 on Tuesday. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $130.48. The company has a market capitalization of $6.33 billion, a PE ratio of 9.67, a P/E/G ratio of 0.84 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. The business has a 50-day moving average of $99.93 and a 200-day moving average of $108.39.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the company posted $2.97 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities analysts forecast that Ingredion Incorporated will post 10.81 EPS for the current fiscal year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Wednesday, July 1st. Ingredion’s payout ratio is 31.60%.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.