WINTON GROUP Ltd reduced its stake in shares of Ingredion Incorporated (NYSE:INGR) by 36.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,784 shares of the company’s stock after selling 3,302 shares during the quarter. WINTON GROUP Ltd’s holdings in Ingredion were worth $698,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Toronto Dominion Bank grew its stake in shares of Ingredion by 10.6% in the second quarter. Toronto Dominion Bank now owns 952 shares of the company’s stock worth $113,000 after purchasing an additional 91 shares in the last quarter. WFG Advisors LP grew its stake in shares of Ingredion by 0.4% in the second quarter. WFG Advisors LP now owns 1,373 shares of the company’s stock worth $164,000 after purchasing an additional 6 shares in the last quarter. First Mercantile Trust Co. grew its stake in shares of Ingredion by 19.3% in the second quarter. First Mercantile Trust Co. now owns 1,432 shares of the company’s stock worth $171,000 after purchasing an additional 232 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Ingredion by 17.2% in the second quarter. Penserra Capital Management LLC now owns 1,456 shares of the company’s stock worth $173,000 after purchasing an additional 214 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Ingredion by 8.3% in the second quarter. Pacer Advisors Inc. now owns 1,506 shares of the company’s stock worth $180,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 83.44% of the company’s stock.
In related news, VP James P. Zallie sold 21,862 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $125.04, for a total transaction of $2,733,624.48. Following the completion of the transaction, the vice president now owns 29,306 shares of the company’s stock, valued at $3,664,422.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jorgen Kokke sold 20,674 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $133.00, for a total value of $2,749,642.00. Following the transaction, the senior vice president now directly owns 23,119 shares of the company’s stock, valued at approximately $3,074,827. The disclosure for this sale can be found here. Insiders have sold 70,508 shares of company stock valued at $8,990,676 in the last ninety days. Company insiders own 1.92% of the company’s stock.
Several research firms have recently issued reports on INGR. BidaskClub raised Ingredion from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 16th. Jefferies Group set a $145.00 price target on Ingredion and gave the stock a “buy” rating in a research note on Sunday, October 29th. Zacks Investment Research cut Ingredion from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $125.00 price target on shares of Ingredion in a research note on Friday, September 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $140.00.
Ingredion Incorporated (INGR) traded up $0.30 during trading hours on Thursday, hitting $139.16. The stock had a trading volume of 353,100 shares, compared to its average volume of 431,001. Ingredion Incorporated has a 12 month low of $113.07 and a 12 month high of $140.85. The company has a market capitalization of $9,979.17, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.72. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.53 and a current ratio of 2.41.
Ingredion (NYSE:INGR) last announced its earnings results on Wednesday, November 1st. The company reported $2.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.17. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the business posted $1.96 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. equities analysts expect that Ingredion Incorporated will post 7.71 EPS for the current fiscal year.
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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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