Sanctuary Advisors LLC Sells 9,304 Shares of Ingredion Incorporated (NYSE:INGR)

Sanctuary Advisors LLC decreased its stake in Ingredion Incorporated (NYSE:INGR) by 41.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,928 shares of the company’s stock after selling 9,304 shares during the quarter. Sanctuary Advisors LLC’s holdings in Ingredion were worth $1,894,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in INGR. Dimensional Fund Advisors LP lifted its stake in shares of Ingredion by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,685,339 shares of the company’s stock valued at $308,009,000 after buying an additional 125,543 shares in the last quarter. State Street Corp raised its holdings in Ingredion by 0.8% during the third quarter. State Street Corp now owns 2,436,601 shares of the company’s stock valued at $334,862,000 after acquiring an additional 19,560 shares during the period. Pacer Advisors Inc. lifted its position in shares of Ingredion by 92.4% in the second quarter. Pacer Advisors Inc. now owns 1,764,012 shares of the company’s stock valued at $202,332,000 after acquiring an additional 846,967 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Ingredion by 2.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,539,179 shares of the company’s stock worth $211,529,000 after acquiring an additional 36,421 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Ingredion by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company’s stock worth $160,516,000 after purchasing an additional 19,064 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

INGR stock opened at $141.84 on Thursday. Ingredion Incorporated has a 52 week low of $106.03 and a 52 week high of $155.44. The firm has a market capitalization of $9.24 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74. The company has a fifty day simple moving average of $142.09 and a two-hundred day simple moving average of $131.05. The company has a quick ratio of 1.69, a current ratio of 2.67 and a debt-to-equity ratio of 0.44.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.47. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $2.33 EPS. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. Analysts anticipate that Ingredion Incorporated will post 10.59 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, January 2nd. Ingredion’s dividend payout ratio is currently 31.22%.

Insider Activity at Ingredion

In related news, SVP Larry Fernandes sold 4,700 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total transaction of $721,027.00. Following the transaction, the senior vice president now directly owns 29,034 shares in the company, valued at approximately $4,454,105.94. This represents a 13.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James P. Zallie sold 371 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $133.58, for a total transaction of $49,558.18. Following the completion of the sale, the chief executive officer now directly owns 52,159 shares of the company’s stock, valued at approximately $6,967,399.22. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,198 shares of company stock worth $9,702,461. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on INGR shares. Stephens raised Ingredion to a “hold” rating in a report on Monday, December 2nd. Oppenheimer boosted their target price on shares of Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays raised their target price on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. UBS Group lifted their price target on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, BMO Capital Markets raised their price objective on Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $155.17.

Ingredion 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.