Saturna Capital CORP raised its stake in shares of Ingredion Incorporated (NYSE:INGR) by 25.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,605 shares of the company’s stock after acquiring an additional 1,520 shares during the period. Saturna Capital CORP’s holdings in Ingredion were worth $976,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Allianz Asset Management GmbH increased its position in Ingredion by 2.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,156,251 shares of the company’s stock worth $139,491,000 after purchasing an additional 24,174 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Ingredion by 7.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 9,936 shares of the company’s stock worth $1,198,000 after purchasing an additional 700 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Ingredion by 1.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,700 shares of the company’s stock worth $3,235,000 after purchasing an additional 500 shares during the period. Stifel Financial Corp increased its position in Ingredion by 10.0% during the 3rd quarter. Stifel Financial Corp now owns 111,107 shares of the company’s stock worth $13,403,000 after purchasing an additional 10,131 shares during the period. Finally, OxFORD Asset Management LLP increased its position in Ingredion by 116.8% during the 3rd quarter. OxFORD Asset Management LLP now owns 14,234 shares of the company’s stock worth $1,717,000 after purchasing an additional 7,668 shares during the period. 83.44% of the stock is owned by hedge funds and other institutional investors.
INGR has been the topic of several recent analyst reports. Zacks Investment Research cut Ingredion from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Stephens upgraded Ingredion from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 15th. Jefferies Group set a $145.00 price target on Ingredion and gave the stock a “buy” rating in a report on Sunday, October 29th. Credit Suisse Group restated an “outperform” rating and issued a $145.00 price target (up previously from $140.00) on shares of Ingredion in a report on Thursday, November 2nd. Finally, BidaskClub upgraded Ingredion from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $140.00.
Ingredion Incorporated (NYSE:INGR) traded down $1.23 on Wednesday, hitting $138.86. The company had a trading volume of 486,300 shares, compared to its average volume of 431,334. The firm has a market cap of $10,067.57, a PE ratio of 18.31, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a current ratio of 2.41, a quick ratio of 1.53 and a debt-to-equity ratio of 0.61. Ingredion Incorporated has a 1-year low of $113.07 and a 1-year high of $140.85.
Ingredion (NYSE:INGR) last released its quarterly earnings results on Wednesday, November 1st. The company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.17. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 EPS. equities analysts expect that Ingredion Incorporated will post 7.71 earnings per share for the current fiscal year.
In related news, SVP Jorgen Kokke sold 20,674 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $133.00, for a total value of $2,749,642.00. Following the sale, the senior vice president now owns 23,119 shares in the company, valued at approximately $3,074,827. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP James P. Zallie sold 27,972 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $125.39, for a total value of $3,507,409.08. Following the completion of the sale, the vice president now owns 29,429 shares in the company, valued at approximately $3,690,102.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,508 shares of company stock worth $8,990,676. Insiders own 1.92% of the company’s stock.
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Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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