Ingredion Inc. (INGR) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its stake in Ingredion Inc. (NYSE:INGR) by 18.7% during the second quarter, Holdings Channel reports. The institutional investor owned 64,310 shares of the company’s stock after selling 14,753 shares during the period. Wedge Capital Management L L P NC’s holdings in Ingredion were worth $8,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of INGR. Aperio Group LLC raised its stake in shares of Ingredion by 47.0% in the first quarter. Aperio Group LLC now owns 20,669 shares of the company’s stock worth $2,207,000 after buying an additional 6,610 shares during the period. Teachers Advisors Inc. raised its stake in shares of Ingredion by 13.1% in the first quarter. Teachers Advisors Inc. now owns 154,952 shares of the company’s stock worth $16,547,000 after buying an additional 18,001 shares during the period. BlackRock Group LTD raised its stake in shares of Ingredion by 66.7% in the first quarter. BlackRock Group LTD now owns 127,200 shares of the company’s stock worth $13,583,000 after buying an additional 50,908 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Ingredion by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,111,532 shares of the company’s stock worth $225,491,000 after buying an additional 45,635 shares during the period. Finally, Advisor Partners LLC purchased a new stake in shares of Ingredion during the first quarter worth approximately $201,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

Shares of Ingredion Inc. (NYSE:INGR) traded down 0.13% during trading on Friday, reaching $133.38. The company’s stock had a trading volume of 388,891 shares. The stock’s 50 day moving average price is $133.53 and its 200-day moving average price is $125.20. The firm has a market cap of $9.63 billion, a PE ratio of 21.34 and a beta of 1.00. Ingredion Inc. has a 12 month low of $84.57 and a 12 month high of $140.00.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.65 by $0.07. Ingredion had a return on equity of 21.01% and a net margin of 7.94%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business posted $1.53 earnings per share. Equities analysts predict that Ingredion Inc. will post $6.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Monday, October 3rd will be issued a dividend of $0.50 per share. This is an increase from Ingredion’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, September 29th. Ingredion’s dividend payout ratio (DPR) is presently 32.21%.

INGR has been the topic of a number of research reports. Citigroup Inc. boosted their price target on Ingredion from $140.00 to $154.00 and gave the company a “buy” rating in a report on Friday, July 29th. Zacks Investment Research raised Ingredion from a “hold” rating to a “strong-buy” rating and set a $153.00 target price on the stock in a research report on Monday, July 18th. Jefferies Group reaffirmed a “buy” rating and issued a $147.00 target price (up previously from $136.00) on shares of Ingredion in a research report on Friday, July 15th. Finally, Societe Generale started coverage on Ingredion in a research report on Wednesday, September 7th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $124.33.

In other news, VP Jack C. Fortnum sold 34,800 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $134.54, for a total transaction of $4,681,992.00. Following the transaction, the vice president now owns 145,369 shares of the company’s stock, valued at approximately $19,557,945.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ilene S. Gordon sold 70,492 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $135.19, for a total transaction of $9,529,813.48. Following the transaction, the chief executive officer now directly owns 188,430 shares in the company, valued at approximately $25,473,851.70. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated (Ingredion) is a global ingredients solutions provider. The Company is engaged in the production and sale of starches and sweeteners for a range of industries. Its operations are classified into four segments: North America, South America, Asia Pacific, and Europe, Middle East and Africa (EMEA).

5 Day Chart for NYSE:INGR

Want to see what other hedge funds are holding INGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingredion Inc. (NYSE:INGR).

Receive News & Ratings for Ingredion Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingredion Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
GoPro Planning to Cut 200 Jobs
GoPro Planning to Cut 200 Jobs
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Retailers Anticipating Strong Support for Small Business Saturday
Retailers Anticipating Strong Support for Small Business Saturday
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Disney to Build Larger Hong Kong Kingdom
Disney to Build Larger Hong Kong Kingdom


 
© 2006-2016 Ticker Report. Google+.