Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Ingredion Incorporated (NYSE:INGR) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 211,175 shares of the company’s stock after buying an additional 5,707 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.29% of Ingredion worth $25,174,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in INGR. National Pension Service raised its position in Ingredion by 108.9% in the second quarter. National Pension Service now owns 894 shares of the company’s stock valued at $105,000 after buying an additional 466 shares during the last quarter. Assetmark Inc. raised its position in Ingredion by 105.3% in the first quarter. Assetmark Inc. now owns 975 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the last quarter. Penserra Capital Management LLC raised its position in Ingredion by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,242 shares of the company’s stock valued at $149,000 after buying an additional 108 shares during the last quarter. Global X Management Co. LLC raised its position in Ingredion by 30.0% in the first quarter. Global X Management Co. LLC now owns 1,325 shares of the company’s stock valued at $160,000 after buying an additional 306 shares during the last quarter. Finally, WFG Advisors LP raised its position in Ingredion by 0.4% in the first quarter. WFG Advisors LP now owns 1,367 shares of the company’s stock valued at $165,000 after buying an additional 5 shares during the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

Ingredion Incorporated (NYSE:INGR) opened at 123.74 on Thursday. The company has a 50 day moving average price of $121.61 and a 200 day moving average price of $119.95. Ingredion Incorporated has a 12 month low of $113.07 and a 12 month high of $140.00. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 18.61 and a beta of 0.60.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.03. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.50 billion. Ingredion had a return on equity of 20.84% and a net margin of 8.35%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.53 EPS. Analysts anticipate that Ingredion Incorporated will post $7.61 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on the company. BidaskClub upgraded Ingredion from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Friday, August 4th. BMO Capital Markets restated a “hold” rating and set a $125.00 target price on shares of Ingredion in a research report on Tuesday, May 16th. Finally, Jefferies Group LLC restated a “buy” rating and set a $145.00 target price on shares of Ingredion in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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