Nomura Holdings Inc. Makes New $10.58 Million Investment in Ingredion Incorporated (NYSE:INGR)

Nomura Holdings Inc. acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 76,936 shares of the company’s stock, valued at approximately $10,583,000. Nomura Holdings Inc. owned 0.12% of Ingredion as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP lifted its position in shares of Ingredion by 1.9% during the fourth quarter. First Trust Advisors LP now owns 583,081 shares of the company’s stock worth $80,209,000 after purchasing an additional 10,703 shares in the last quarter. Magnetar Financial LLC lifted its position in shares of Ingredion by 606.2% during the fourth quarter. Magnetar Financial LLC now owns 38,023 shares of the company’s stock worth $5,230,000 after purchasing an additional 32,639 shares in the last quarter. Fractal Investments LLC acquired a new position in shares of Ingredion during the fourth quarter worth $344,000. Paradigm Asset Management Co. LLC acquired a new position in shares of Ingredion during the fourth quarter worth $963,000. Finally, Prudential Financial Inc. lifted its position in shares of Ingredion by 93.2% during the fourth quarter. Prudential Financial Inc. now owns 652,734 shares of the company’s stock worth $89,790,000 after purchasing an additional 314,912 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Ingredion Trading Down 1.6%

INGR opened at $135.46 on Thursday. The stock has a market capitalization of $8.71 billion, a PE ratio of 13.95, a P/E/G ratio of 1.03 and a beta of 0.73. The firm’s fifty day moving average price is $132.01 and its 200 day moving average price is $135.62. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. Ingredion Incorporated has a 12-month low of $111.54 and a 12-month high of $155.44.

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

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.36%. Ingredion’s dividend payout ratio is currently 33.76%.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction dated 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 owns 34,127 shares in the company, valued at $4,295,906.76. This represents a 24.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Larry Fernandes sold 2,400 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.82, for a total transaction of $325,968.00. Following the completion of the transaction, the senior vice president now owns 31,996 shares of the company’s stock, valued at $4,345,696.72. This represents a 6.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,215 shares of company stock worth $1,687,360. Insiders own 2.30% of the company’s stock.

Ingredion Company 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.