Menta Capital LLC Has $461,000 Stake in Ingredion Inc (INGR)

Menta Capital LLC decreased its position in shares of Ingredion Inc (NYSE:INGR) by 50.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,042 shares of the company’s stock after selling 5,194 shares during the quarter. Menta Capital LLC’s holdings in Ingredion were worth $461,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Gateway Investment Advisers LLC raised its stake in shares of Ingredion by 2.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 69,826 shares of the company’s stock valued at $6,382,000 after purchasing an additional 1,618 shares in the last quarter. South Texas Money Management Ltd. raised its stake in shares of Ingredion by 14.8% during the fourth quarter. South Texas Money Management Ltd. now owns 257,857 shares of the company’s stock valued at $23,568,000 after purchasing an additional 33,230 shares in the last quarter. Uncommon Cents Investing LLC raised its stake in shares of Ingredion by 11.0% during the fourth quarter. Uncommon Cents Investing LLC now owns 23,010 shares of the company’s stock valued at $2,103,000 after purchasing an additional 2,280 shares in the last quarter. AXA raised its stake in shares of Ingredion by 30.8% during the third quarter. AXA now owns 84,568 shares of the company’s stock valued at $8,876,000 after purchasing an additional 19,900 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Ingredion by 10.3% during the third quarter. JPMorgan Chase & Co. now owns 585,769 shares of the company’s stock valued at $61,481,000 after purchasing an additional 54,662 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Shares of Ingredion stock opened at $94.89 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.39 and a debt-to-equity ratio of 0.80. Ingredion Inc has a 52 week low of $87.02 and a 52 week high of $132.63. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 1.16 and a beta of 0.68.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, February 5th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.01). Ingredion had a return on equity of 17.77% and a net margin of 7.31%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $1.35 earnings per share. Ingredion’s revenue was down .8% compared to the same quarter last year. As a group, analysts predict that Ingredion Inc will post 7.25 earnings per share for the current year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Vertical Group cut shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine cut shares of Ingredion from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Jefferies Financial Group lifted their price objective on shares of Ingredion to $145.00 and gave the company a “buy” rating in a research note on Monday, November 19th. Finally, Seaport Global Securities began coverage on shares of Ingredion in a research note on Thursday, February 21st. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $117.80.

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About Ingredion

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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