AMP Capital Investors Ltd Has $5.34 Million Holdings in Ingredion Inc (INGR)

AMP Capital Investors Ltd lifted its holdings in shares of Ingredion Inc (NYSE:INGR) by 1.7% during the third quarter, Holdings Channel reports. The fund owned 51,085 shares of the company’s stock after acquiring an additional 857 shares during the period. AMP Capital Investors Ltd’s holdings in Ingredion were worth $5,342,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in Ingredion in the second quarter worth approximately $153,000. Legacy Financial Advisors Inc. lifted 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 in the last quarter. Fuller & Thaler Asset Management Inc. lifted 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 in the last quarter. Ffcm LLC acquired a new position in shares of Ingredion in the third quarter worth $259,000. Finally, Global X Management Co LLC increased its stake 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 worth $267,000 after acquiring an additional 1,155 shares during the last quarter. Institutional investors and hedge funds own 85.28% of the company’s stock.

INGR opened at $97.21 on Monday. The firm has a market capitalization of $6.87 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.28 and a beta of 0.63. Ingredion Inc has a 12 month low of $89.48 and a 12 month high of $146.28. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.55.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Thursday, November 1st. The company reported $1.70 EPS for the quarter, hitting the consensus estimate of $1.70. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Ingredion had a net margin of 7.40% and a return on equity of 17.55%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.21 EPS. As a group, equities analysts forecast that Ingredion Inc will post 6.92 EPS for the current year.

In other news, VP Christine M. Castellano sold 37,267 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $105.30, for a total transaction of $3,924,215.10. Following the completion of the sale, the vice president now owns 28,168 shares of the company’s stock, valued at approximately $2,966,090.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christine M. Castellano sold 13,261 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $105.19, for a total transaction of $1,394,924.59. Following the sale, the vice president now directly owns 30,130 shares of the company’s stock, valued at approximately $3,169,374.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,303 shares of company stock worth $5,502,781. 1.80% of the stock is owned by company insiders.

Several research firms have commented on INGR. ValuEngine raised shares of Ingredion from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 27th. Citigroup reduced their target price on shares of Ingredion from $95.00 to $89.00 and set a “sell” rating for the company in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of Ingredion from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Finally, Jefferies Financial Group raised their price target on shares of Ingredion to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $124.50.

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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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