Ingredion Incorporated (INGR) Position Held by C WorldWide Group Holding A S
C WorldWide Group Holding A S continued to hold its stake in Ingredion Incorporated (NYSE:INGR) during the second quarter, Holdings Channel reports. The fund owned 13,700 shares of the company’s stock at the end of the second quarter. C WorldWide Group Holding A S’s holdings in Ingredion were worth $1,633,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. WFG Advisors LP increased its stake in Ingredion by 0.4% in the first quarter. WFG Advisors LP now owns 1,367 shares of the company’s stock worth $165,000 after buying an additional 5 shares during the period. HL Financial Services LLC increased its stake in Ingredion by 0.4% in the second quarter. HL Financial Services LLC now owns 2,730 shares of the company’s stock worth $325,000 after buying an additional 12 shares during the period. Somerset Trust Co increased its stake in Ingredion by 0.5% in the second quarter. Somerset Trust Co now owns 6,317 shares of the company’s stock worth $753,000 after buying an additional 30 shares during the period. Smithfield Trust Co. increased its stake in Ingredion by 2.1% in the second quarter. Smithfield Trust Co. now owns 1,650 shares of the company’s stock worth $197,000 after buying an additional 34 shares during the period. Finally, Benedict Financial Advisors Inc. increased its stake in Ingredion by 1.0% in the second quarter. Benedict Financial Advisors Inc. now owns 4,050 shares of the company’s stock worth $494,000 after buying an additional 42 shares during the period. 84.12% of the stock is owned by hedge funds and other institutional investors.
Shares of Ingredion Incorporated (NYSE INGR) opened at 122.72 on Friday. Ingredion Incorporated has a 12 month low of $113.07 and a 12 month high of $140.00. The stock has a market cap of $8.80 billion, a P/E ratio of 18.46 and a beta of 0.60. The stock has a 50 day moving average price of $120.23 and a 200 day moving average price of $120.03.
Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, August 1st. The company reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.03. Ingredion had a return on equity of 20.84% and a net margin of 8.35%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $1.53 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Ingredion Incorporated will post $7.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, June 30th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.00 annualized dividend and a yield of 1.63%. Ingredion’s dividend payout ratio (DPR) is currently 30.08%.
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A number of research firms have issued reports on INGR. BMO Capital Markets reissued a “hold” rating and set a $125.00 price target on shares of Ingredion in a research report on Tuesday, May 16th. BidaskClub raised Ingredion from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Jefferies Group LLC reissued a “buy” rating and set a $145.00 price target on shares of Ingredion in a research report on Wednesday, June 14th. Finally, Zacks Investment Research raised Ingredion from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Ingredion presently has a consensus rating of “Hold” and an average price target of $140.50.
Ingredion Company Profile
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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