Teacher Retirement System of Texas Has $10.36 Million Position in Ingredion Incorporated (NYSE:INGR)

Teacher Retirement System of Texas boosted its position in Ingredion Incorporated (NYSE:INGR) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,279 shares of the company’s stock after buying an additional 10,117 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ingredion were worth $10,355,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new stake in Ingredion in the 4th quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Ingredion in the 4th quarter valued at approximately $27,000. Prospera Private Wealth LLC acquired a new stake in Ingredion in the 3rd quarter valued at approximately $41,000. EverSource Wealth Advisors LLC raised its position 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 acquired a new stake in Ingredion in the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on INGR shares. Oppenheimer dropped their target price on Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. BMO Capital Markets lowered their price target on Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Stephens lowered their price target on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, StockNews.com lowered Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Ingredion has a consensus rating of “Moderate Buy” and a consensus price target of $158.20.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the sale, the chief executive officer now directly 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 through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Ingredion Stock Performance

Shares of NYSE INGR opened at $130.32 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month high of $155.44. The stock has a 50 day moving average of $131.51 and a 200-day moving average of $136.50. The company has a market capitalization of $8.36 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.03 and a beta of 0.75.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.54 by $0.09. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the company posted $1.65 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.46%. Ingredion’s dividend payout ratio is currently 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.