Level Four Advisory Services LLC Has $4.87 Million Stake in Ingredion Incorporated (NYSE:INGR)

Level Four Advisory Services LLC raised its position in Ingredion Incorporated (NYSE:INGR) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,428 shares of the company’s stock after acquiring an additional 2,210 shares during the quarter. Level Four Advisory Services LLC owned approximately 0.05% of Ingredion worth $4,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of INGR. BOK Financial Private Wealth Inc. acquired a new stake in Ingredion during the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Ingredion during the 4th quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Ingredion by 653.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company’s stock worth $31,000 after buying an additional 196 shares during the period. EverSource Wealth Advisors LLC grew 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 bought a new position in Ingredion in the 4th quarter valued at about $48,000. Institutional investors own 85.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Stephens dropped 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. BMO Capital Markets decreased their price target on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Oppenheimer lowered their target price on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.20.

Insider Buying and Selling at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the company’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 value of $1,361,392.20. Following the completion of the transaction, the chief executive officer now directly owns 34,127 shares in the company, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Ingredion Stock Performance

Ingredion stock opened at $134.86 on Friday. 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 stock has a market cap of $8.66 billion, a PE ratio of 13.89, a P/E/G ratio of 1.03 and a beta of 0.75. Ingredion Incorporated has a 12-month low of $109.51 and a 12-month high of $155.44. The business’s 50-day moving average price is $131.59 and its two-hundred day moving average price is $136.45.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm posted $1.65 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. As a group, analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued a $0.80 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.37%. Ingredion’s payout ratio is presently 32.96%.

About Ingredion

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.