Ingredion Incorporated (INGR) Shares Sold by Robecosam AG
Robecosam AG lessened its stake in Ingredion Incorporated (NYSE:INGR) by 38.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,472 shares of the company’s stock after selling 10,400 shares during the quarter. Robecosam AG’s holdings in Ingredion were worth $1,990,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Chartwell Investment Partners LLC increased its holdings in Ingredion by 69.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 11,815 shares of the company’s stock valued at $1,425,000 after acquiring an additional 4,840 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Ingredion during the 3rd quarter valued at about $509,000. Check Capital Management Inc. CA increased its holdings in Ingredion by 98.7% during the 3rd quarter. Check Capital Management Inc. CA now owns 857,289 shares of the company’s stock valued at $103,423,000 after acquiring an additional 425,835 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Ingredion by 14.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 276,790 shares of the company’s stock valued at $33,395,000 after acquiring an additional 34,146 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its holdings in Ingredion by 33.1% during the 3rd quarter. Commonwealth Equity Services Inc now owns 5,338 shares of the company’s stock valued at $644,000 after acquiring an additional 1,328 shares in the last quarter. Institutional investors and hedge funds own 83.77% of the company’s stock.
Shares of Ingredion Incorporated (NYSE INGR) opened at $135.45 on Friday. Ingredion Incorporated has a 12 month low of $113.07 and a 12 month high of $135.98. The stock has a market cap of $9,702.49, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.59 and a beta of 0.68. 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 (NYSE:INGR) last released its quarterly earnings results on Wednesday, November 1st. The company reported $2.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.17. Ingredion had a net margin of 8.73% and a return on equity of 20.92%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the company earned $1.96 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. sell-side analysts predict 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 firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 23,119 shares of the company’s stock, valued at $3,074,827. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James P. Zallie sold 21,862 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $125.04, for a total transaction of $2,733,624.48. Following the completion of the sale, the vice president now directly owns 29,306 shares in the company, valued at $3,664,422.24. The disclosure for this sale can be found here. Insiders have sold a total of 73,556 shares of company stock worth $9,371,676 over the last ninety days. 1.92% of the stock is owned by corporate insiders.
Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Stephens upgraded shares of Ingredion from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 15th. BidaskClub raised shares of Ingredion from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Jefferies Group LLC set a $145.00 price target on shares of Ingredion and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $145.00 price target (up from $140.00) on shares of Ingredion in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. 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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