Bokf Na Has $7.40 Million Holdings in Ingredion Incorporated (NYSE:INGR)

Bokf Na raised its stake in Ingredion Incorporated (NYSE:INGR) by 200.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,572 shares of the company’s stock after acquiring an additional 37,718 shares during the period. Bokf Na owned about 0.09% of Ingredion worth $7,400,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of INGR. Franklin Resources Inc. increased its position in shares of Ingredion by 75.7% during the 3rd quarter. Franklin Resources Inc. now owns 194,295 shares of the company’s stock worth $26,109,000 after purchasing an additional 83,708 shares in the last quarter. First Trust Advisors LP increased its holdings 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 buying an additional 10,703 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ingredion by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock worth $99,683,000 after acquiring an additional 10,812 shares in the last quarter. Magnetar Financial LLC grew its position in Ingredion by 606.2% during the 4th quarter. Magnetar Financial LLC now owns 38,023 shares of the company’s stock worth $5,230,000 after acquiring an additional 32,639 shares during the last quarter. Finally, Fractal Investments LLC acquired a new stake in Ingredion during the 4th quarter valued at $344,000. 85.27% of the stock is currently owned by institutional investors.

Ingredion Stock Up 3.4 %

NYSE:INGR opened at $138.20 on Wednesday. The stock’s fifty day simple moving average is $131.32 and its 200-day simple moving average is $135.55. The firm has a market capitalization of $8.89 billion, a P/E ratio of 14.23, a P/E/G ratio of 1.03 and a beta of 0.73. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a 12-month low of $111.54 and a 12-month high of $155.44.

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

Ingredion Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on INGR. BMO Capital Markets decreased their target price on Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a 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 decreased their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. UBS Group set a $155.00 price objective on shares of Ingredion in a research report on Tuesday, April 22nd. Finally, Oppenheimer decreased their price objective on Ingredion from $167.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $152.20.

Insider Buying and Selling

In other news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the transaction, the chief executive officer now owns 34,127 shares in the company, valued at $4,295,906.76. The trade was a 24.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

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.