WINTON GROUP Ltd Has $1.06 Million Holdings in Ingredion Inc (INGR)
WINTON GROUP Ltd lessened its stake in shares of Ingredion Inc (NYSE:INGR) by 45.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,559 shares of the company’s stock after selling 8,065 shares during the period. WINTON GROUP Ltd’s holdings in Ingredion were worth $1,058,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in INGR. Point72 Hong Kong Ltd acquired a new stake in shares of Ingredion in the second quarter worth $153,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of Ingredion by 42.2% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,685 shares of the company’s stock worth $187,000 after acquiring an additional 500 shares during the last quarter. IBM Retirement Fund acquired a new stake in shares of Ingredion in the first quarter worth $203,000. IFM Investors Pty Ltd acquired a new stake in shares of Ingredion in the second quarter worth $219,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Ingredion in the second quarter worth $244,000. Institutional investors own 83.56% of the company’s stock.
INGR has been the subject of several research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 target price on shares of Ingredion in a research report on Friday, July 13th. Vertical Group raised Ingredion from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Stephens cut Ingredion from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 22nd. Zacks Investment Research raised Ingredion from a “sell” rating to a “hold” rating in a research report on Saturday, June 30th. Finally, Credit Suisse Group cut Ingredion from an “outperform” rating to a “neutral” rating and set a $130.00 target price for the company. in a research report on Wednesday, July 18th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $131.60.
Ingredion (NYSE:INGR) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.01. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Ingredion had a return on equity of 18.91% and a net margin of 8.40%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.89 earnings per share. sell-side analysts predict that Ingredion Inc will post 7.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Monday, October 1st will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, September 28th. This is a boost from Ingredion’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.40%. Ingredion’s dividend payout ratio (DPR) is presently 31.17%.
Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.
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