Ffcm LLC Buys Shares of 2,470 Ingredion Inc (INGR)

Ffcm LLC bought a new stake in shares of Ingredion Inc (NYSE:INGR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,470 shares of the company’s stock, valued at approximately $259,000.

Other institutional investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Ingredion in the second quarter valued at approximately $153,000. Legacy Financial Advisors Inc. increased its holdings in shares of Ingredion by 382.7% in the third quarter. Legacy Financial Advisors Inc. now owns 1,559 shares of the company’s stock valued at $163,000 after purchasing an additional 1,236 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings 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 valued at $187,000 after purchasing an additional 500 shares during the last quarter. Global X Management Co LLC increased its holdings in shares of Ingredion by 92.0% in the second quarter. Global X Management Co LLC now owns 2,411 shares of the company’s stock valued at $267,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Ingredion by 2,905.0% in the third quarter. Parallel Advisors LLC now owns 3,035 shares of the company’s stock valued at $319,000 after purchasing an additional 2,934 shares during the last quarter. 86.25% of the stock is owned by institutional investors and hedge funds.

In other news, Director Barbara A. Klein sold 1,775 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $103.46, for a total transaction of $183,641.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christine M. Castellano sold 37,267 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $105.30, for a total value of $3,924,215.10. Following the transaction, the vice president now owns 28,168 shares of the company’s stock, valued at $2,966,090.40. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

INGR has been the subject of several recent research reports. Citigroup cut their price target on Ingredion from $95.00 to $89.00 and set a “sell” rating for the company in a report on Wednesday, October 24th. Zacks Investment Research raised Ingredion from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Jefferies Financial Group increased their price objective on Ingredion to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 19th. Finally, ValuEngine upgraded Ingredion from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $124.50.

Shares of Ingredion stock opened at $103.09 on Friday. The company has a market capitalization of $7.29 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.35 and a beta of 0.64. Ingredion Inc has a fifty-two week low of $89.48 and a fifty-two week high of $146.28. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.55.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Thursday, November 1st. The company reported $1.70 earnings per share for the quarter, hitting the consensus estimate of $1.70. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.46 billion. Ingredion had a return on equity of 17.55% and a net margin of 7.40%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.21 earnings per share. Equities research analysts predict that Ingredion Inc will post 6.92 EPS for the current year.

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Ingredion Company Profile

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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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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