CoreCommodity Management LLC lessened its position in shares of Ingredion Inc (NYSE:INGR) by 30.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,039 shares of the company’s stock after selling 11,636 shares during the period. Ingredion comprises 2.0% of CoreCommodity Management LLC’s holdings, making the stock its 9th largest position. CoreCommodity Management LLC’s holdings in Ingredion were worth $2,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in INGR. Oregon Public Employees Retirement Fund increased its holdings in Ingredion by 10,975.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,539,107 shares of the company’s stock worth $50,000 after purchasing an additional 4,498,125 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Ingredion by 66.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,648,711 shares of the company’s stock worth $173,050,000 after purchasing an additional 660,285 shares in the last quarter. FMR LLC increased its holdings in Ingredion by 49.3% during the 3rd quarter. FMR LLC now owns 1,480,245 shares of the company’s stock worth $155,366,000 after purchasing an additional 488,810 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Ingredion by 848.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 533,197 shares of the company’s stock worth $55,964,000 after purchasing an additional 476,973 shares in the last quarter. Finally, Federated Investors Inc. PA increased its holdings in Ingredion by 1,249.6% during the 3rd quarter. Federated Investors Inc. PA now owns 395,810 shares of the company’s stock worth $41,545,000 after purchasing an additional 366,481 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Shares of NYSE INGR opened at $93.38 on Friday. The stock has a market capitalization of $6.21 billion, a PE ratio of 13.49, a P/E/G ratio of 1.16 and a beta of 0.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.26 and a quick ratio of 1.39. Ingredion Inc has a fifty-two week low of $87.02 and a fifty-two week high of $132.95.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.01). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Ingredion had a return on equity of 17.77% and a net margin of 7.31%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $1.35 earnings per share. As a group, sell-side analysts forecast that Ingredion Inc will post 7.25 EPS for the current fiscal year.

A number of equities analysts have issued reports on INGR shares. Zacks Investment Research cut Ingredion from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. Jefferies Financial Group raised their price objective on Ingredion to $145.00 and gave the company a “buy” rating in a report on Monday, November 19th. ValuEngine cut Ingredion from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Vertical Group cut Ingredion from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Seaport Global Securities began coverage on Ingredion in a report on Thursday, February 21st. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have given 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 target price of $117.80.

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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.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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