Ingredion Incorporated (INGR) Shares Bought by KBC Group NV
KBC Group NV raised its holdings in Ingredion Incorporated (NYSE:INGR) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,152 shares of the company’s stock after buying an additional 1,702 shares during the quarter. KBC Group NV owned 0.06% of Ingredion worth $5,568,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in INGR. BB&T Corp lifted its position in shares of Ingredion by 9.2% in the 3rd quarter. BB&T Corp now owns 45,396 shares of the company’s stock worth $5,476,000 after acquiring an additional 3,824 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Ingredion by 2.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 211,175 shares of the company’s stock worth $25,174,000 after acquiring an additional 5,707 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Ingredion by 6.2% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 149,884 shares of the company’s stock worth $17,868,000 after acquiring an additional 8,720 shares during the period. Tobam bought a new stake in shares of Ingredion in the 2nd quarter worth approximately $938,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Ingredion by 7.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 53,182 shares of the company’s stock worth $6,702,000 after acquiring an additional 3,831 shares during the period. 83.44% of the stock is currently owned by hedge funds and other institutional investors.
Ingredion Incorporated (NYSE:INGR) traded up $0.30 during trading on Thursday, hitting $139.16. The company had a trading volume of 353,100 shares, compared to its average volume of 431,001. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.41 and a quick ratio of 1.53. The company has a market cap of $9,979.17, a P/E ratio of 18.15, a PEG ratio of 1.64 and a beta of 0.72. Ingredion Incorporated has a 1-year low of $113.07 and a 1-year high of $140.85.
Ingredion (NYSE:INGR) last posted its earnings results on Wednesday, November 1st. The company reported $2.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.17. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. Ingredion’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $1.96 EPS. sell-side analysts anticipate that Ingredion Incorporated will post 7.71 EPS for the current year.
In other Ingredion news, VP James P. Zallie sold 21,862 shares of Ingredion stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $125.04, for a total value of $2,733,624.48. Following the completion of the transaction, the vice president now owns 29,306 shares in the company, valued at approximately $3,664,422.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jorgen Kokke sold 20,674 shares of Ingredion stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $133.00, for a total value of $2,749,642.00. Following the completion of the transaction, the senior vice president now owns 23,119 shares of the company’s stock, valued at approximately $3,074,827. The disclosure for this sale can be found here. Insiders have sold a total of 70,508 shares of company stock valued at $8,990,676 in the last 90 days. 1.92% of the stock is owned by corporate insiders.
A number of analysts have commented on INGR shares. BidaskClub downgraded Ingredion from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded Ingredion from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $125.00 price objective on shares of Ingredion in a research report on Friday, September 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $140.00.
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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