Toronto Dominion Bank increased its holdings in shares of Ingredion Inc (NYSE:INGR) by 45.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,270 shares of the company’s stock after purchasing an additional 2,281 shares during the quarter. Toronto Dominion Bank’s holdings in Ingredion were worth $804,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Bedel Financial Consulting Inc. purchased a new position in Ingredion during the 1st quarter valued at approximately $119,000. IBM Retirement Fund purchased a new position in Ingredion during the 1st quarter valued at approximately $203,000. BKS Advisors LLC purchased a new position in Ingredion during the 1st quarter valued at approximately $206,000. IFM Investors Pty Ltd purchased a new position in Ingredion during the 2nd quarter valued at approximately $219,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Ingredion during the 2nd quarter valued at approximately $244,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Several equities analysts have weighed in on the company. Citigroup cut Ingredion from a “buy” rating to a “neutral” rating in a report on Friday, May 4th. Zacks Investment Research upgraded Ingredion from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Stephens cut Ingredion from an “overweight” rating to an “equal weight” rating in a report on Friday, June 22nd. ValuEngine cut Ingredion from a “hold” rating to a “sell” rating in a report on Friday, May 4th. Finally, BMO Capital Markets cut their price target on Ingredion from $125.00 to $115.00 and set a “market perform” rating for the company in a report on Friday, May 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $131.60.

NYSE:INGR opened at $101.36 on Wednesday. The company has a market capitalization of $7.35 billion, a PE ratio of 13.50, a P/E/G ratio of 1.23 and a beta of 0.69. Ingredion Inc has a 1 year low of $95.01 and a 1 year high of $146.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.46 and a quick ratio of 1.48.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.01. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.47 billion. Ingredion had a return on equity of 18.91% and a net margin of 8.40%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.89 EPS. research analysts expect that Ingredion Inc will post 7.53 EPS for the current fiscal year.

Ingredion 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.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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