Charles Schwab Investment Management Inc. Has $89.78 Million Position in Ingredion Incorporated (NYSE:INGR)

Charles Schwab Investment Management Inc. lowered its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 663,978 shares of the company’s stock after selling 15,049 shares during the period. Charles Schwab Investment Management Inc. owned about 1.03% of Ingredion worth $89,776,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Ingredion by 40.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company’s stock valued at $38,000 after acquiring an additional 80 shares during the period. Waverly Advisors LLC lifted its holdings in shares of Ingredion by 3.8% during the fourth quarter. Waverly Advisors LLC now owns 2,303 shares of the company’s stock valued at $317,000 after acquiring an additional 84 shares during the period. Retirement Guys Formula LLC lifted its holdings in shares of Ingredion by 5.7% during the first quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company’s stock valued at $212,000 after acquiring an additional 84 shares during the period. Wealthspire Advisors LLC lifted its holdings in shares of Ingredion by 5.8% during the first quarter. Wealthspire Advisors LLC now owns 1,685 shares of the company’s stock valued at $228,000 after acquiring an additional 92 shares during the period. Finally, Hancock Whitney Corp lifted its holdings in shares of Ingredion by 1.6% during the fourth quarter. Hancock Whitney Corp now owns 6,854 shares of the company’s stock valued at $943,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Activity

In other news, SVP Larry Fernandes sold 850 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $128.39, for a total transaction of $109,131.50. Following the completion of the transaction, the senior vice president directly owned 31,171 shares in the company, valued at approximately $4,002,044.69. The trade was a 2.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Ingredion Price Performance

Shares of INGR stock opened at $126.82 on Wednesday. The stock has a 50-day moving average price of $134.39 and a 200 day moving average price of $133.13. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.01 and a beta of 0.71. Ingredion Incorporated has a 12 month low of $120.51 and a 12 month high of $155.44.

Ingredion (NYSE:INGR) last posted its earnings results on Friday, August 1st. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.09. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.87 EPS. Research analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, July 1st. Ingredion’s payout ratio is presently 31.22%.

Analysts Set New Price Targets

INGR has been the subject of a number of analyst reports. UBS Group lifted their price objective on Ingredion from $149.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Wall Street Zen cut Ingredion from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Oppenheimer cut their price target on Ingredion from $167.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and three 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 target price of $151.40.

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.