Alliancebernstein L.P. lessened its holdings in Ingredion Inc (NYSE:INGR) by 3.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 394,743 shares of the company’s stock after selling 14,672 shares during the quarter. Alliancebernstein L.P. owned approximately 0.55% of Ingredion worth $55,185,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. LSV Asset Management grew its position in Ingredion by 53.4% in the 4th quarter. LSV Asset Management now owns 2,175,857 shares of the company’s stock valued at $304,184,000 after acquiring an additional 757,380 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Ingredion by 22.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,716,234 shares of the company’s stock worth $239,930,000 after buying an additional 319,282 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Ingredion by 23.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,431,421 shares of the company’s stock worth $200,112,000 after buying an additional 275,170 shares in the last quarter. Check Capital Management Inc. CA grew its position in shares of Ingredion by 98.7% during the 3rd quarter. Check Capital Management Inc. CA now owns 857,289 shares of the company’s stock worth $103,423,000 after buying an additional 425,835 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Ingredion by 7.1% during the 4th quarter. Wells Fargo & Company MN now owns 842,876 shares of the company’s stock worth $117,834,000 after buying an additional 55,744 shares in the last quarter. 86.53% of the stock is currently owned by institutional investors.
Ingredion Inc (NYSE:INGR) opened at $134.78 on Tuesday. Ingredion Inc has a 12-month low of $113.42 and a 12-month high of $146.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.66 and a current ratio of 2.52. The stock has a market capitalization of $9,750.00, a price-to-earnings ratio of 18.26, a PEG ratio of 1.46 and a beta of 0.79.
INGR has been the topic of a number of recent research reports. Stephens raised Ingredion from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised Ingredion from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research report on Wednesday, January 10th. Credit Suisse Group set a $156.00 price target on Ingredion and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, ValuEngine raised Ingredion from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Ingredion currently has an average rating of “Hold” and an average target price of $146.00.
In related news, SVP Robert J. Stefansic sold 9,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $129.62, for a total transaction of $1,166,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Martin Sonntag sold 16,602 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $135.01, for a total value of $2,241,436.02. Following the sale, the senior vice president now owns 9,875 shares of the company’s stock, valued at $1,333,223.75. The disclosure for this sale can be found here. Insiders have sold a total of 40,541 shares of company stock valued at $5,424,781 over the last 90 days. 1.92% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION NOTICE: “Ingredion Inc (INGR) Shares Sold by Alliancebernstein L.P.” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/03/13/ingredion-inc-ingr-shares-sold-by-alliancebernstein-l-p.html.
Ingredion Company Profile
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 & Ratings for Ingredion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingredion and related companies with MarketBeat.com's FREE daily email newsletter.