Ingredion Incorporated (INGR) Shares Sold by Strategic Global Advisors LLC
Strategic Global Advisors LLC trimmed its position in Ingredion Incorporated (NYSE:INGR) by 11.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,948 shares of the company’s stock after selling 2,100 shares during the quarter. Strategic Global Advisors LLC’s holdings in Ingredion were worth $1,901,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. National Pension Service increased its holdings in shares of Ingredion by 108.9% in the second quarter. National Pension Service now owns 894 shares of the company’s stock worth $105,000 after purchasing an additional 466 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Ingredion by 105.3% in the first quarter. Assetmark Inc. now owns 975 shares of the company’s stock worth $118,000 after purchasing an additional 500 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of Ingredion by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,242 shares of the company’s stock worth $149,000 after purchasing an additional 108 shares during the last quarter. Global X Management Co. LLC increased its holdings in shares of Ingredion by 30.0% in the first quarter. Global X Management Co. LLC now owns 1,325 shares of the company’s stock worth $160,000 after purchasing an additional 306 shares during the last quarter. Finally, WFG Advisors LP increased its holdings in shares of Ingredion by 0.4% in the first quarter. WFG Advisors LP now owns 1,367 shares of the company’s stock worth $165,000 after purchasing an additional 5 shares during the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ingredion Incorporated (INGR) traded up 0.10% during midday trading on Friday, hitting $124.84. The stock had a trading volume of 484,559 shares. The stock has a market cap of $8.95 billion, a PE ratio of 18.78 and a beta of 0.60. Ingredion Incorporated has a 52-week low of $113.07 and a 52-week high of $137.62. The firm has a 50 day moving average price of $123.36 and a 200-day moving average price of $120.31.
Ingredion (NYSE:INGR) last released its earnings results on Tuesday, August 1st. The company reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.03. Ingredion had a net margin of 8.35% and a return on equity of 20.84%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company posted $1.53 EPS. The business’s revenue was up .1% on a year-over-year basis. Equities analysts predict that Ingredion Incorporated will post $7.61 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/16/ingredion-incorporated-ingr-shares-sold-by-strategic-global-advisors-llc.html.
In other Ingredion news, VP James P. Zallie sold 21,862 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $125.04, for a total value of $2,733,624.48. Following the transaction, the vice president now directly owns 29,306 shares of the company’s stock, valued at approximately $3,664,422.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.92% of the company’s stock.
INGR has been the topic of several research reports. BidaskClub raised Ingredion from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Zacks Investment Research cut Ingredion from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Ingredion in a report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $141.00.
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.
Receive News & Stock Ratings for Ingredion Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingredion Incorporated and related stocks with our FREE daily email newsletter.