Caisse DE Depot ET Placement DU Quebec lowered its stake in Ingredion Inc (NYSE:INGR) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,900 shares of the company’s stock after selling 800 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Ingredion were worth $3,621,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado lifted its holdings in Ingredion by 3.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 13,430 shares of the company’s stock worth $1,878,000 after purchasing an additional 455 shares during the period. Highbridge Capital Management LLC acquired a new stake in Ingredion in the 3rd quarter valued at about $473,000. Teacher Retirement System of Texas lifted its holdings in Ingredion by 934.0% in the 4th quarter. Teacher Retirement System of Texas now owns 25,571 shares of the company’s stock valued at $3,575,000 after acquiring an additional 23,098 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Ingredion by 7.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 53,182 shares of the company’s stock valued at $6,702,000 after acquiring an additional 3,831 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Ingredion in the 3rd quarter valued at about $540,000. 86.53% of the stock is owned by institutional investors and hedge funds.
Shares of Ingredion Inc (INGR) opened at $134.78 on Tuesday. Ingredion Inc has a 1-year low of $113.42 and a 1-year high of $146.28. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.52 and a quick ratio of 1.66. The firm has a market cap of $9,750.00, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79.
A number of brokerages have weighed in on INGR. Zacks Investment Research raised shares of Ingredion from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a report on Wednesday, January 24th. Credit Suisse Group set a $156.00 price target on shares of Ingredion and gave the company a “buy” rating in a report on Wednesday, January 10th. ValuEngine raised shares of Ingredion from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Stephens raised shares of Ingredion from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $146.00.
In other Ingredion news, SVP Martin Sonntag sold 16,602 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $135.01, for a total transaction of $2,241,436.02. Following the sale, the senior vice president now owns 9,875 shares in the company, valued at approximately $1,333,223.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Robert J. Stefansic sold 9,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $129.62, for a total value of $1,166,580.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,541 shares of company stock worth $5,424,781. Corporate insiders own 1.92% of the company’s stock.
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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.
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