Deutsche Bank AG increased its holdings in shares of Ingredion Inc (NYSE:INGR) by 9.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 448,647 shares of the company’s stock after purchasing an additional 37,977 shares during the quarter. Deutsche Bank AG owned 0.62% of Ingredion worth $62,712,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. LSV Asset Management grew its stake in shares of Ingredion by 53.4% during the 4th quarter. LSV Asset Management now owns 2,175,857 shares of the company’s stock worth $304,184,000 after acquiring an additional 757,380 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Ingredion by 2,439.2% during the 4th quarter. Bessemer Group Inc. now owns 528,075 shares of the company’s stock worth $73,824,000 after acquiring an additional 507,278 shares in the last quarter. Check Capital Management Inc. CA grew its stake 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 acquiring an additional 425,835 shares in the last quarter. Victory Capital Management Inc. grew its stake 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 acquiring an additional 319,282 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake 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 acquiring an additional 275,170 shares in the last quarter. 86.53% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Martin Sonntag sold 16,602 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 9,875 shares of the company’s stock, valued at approximately $1,333,223.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Robert J. Stefansic sold 9,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were 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 three months, insiders sold 40,541 shares of company stock valued at $5,424,781. 1.92% of the stock is currently owned by insiders.
Shares of Ingredion Inc (NYSE:INGR) opened at $133.30 on Wednesday. The company has a market capitalization of $9,735.91, a P/E ratio of 18.85, a PEG ratio of 1.48 and a beta of 0.79. The company has a quick ratio of 1.66, a current ratio of 2.52 and a debt-to-equity ratio of 0.60. Ingredion Inc has a twelve month low of $113.42 and a twelve month high of $146.28.
Ingredion (NYSE:INGR) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.01). The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.43 billion. Ingredion had a net margin of 8.63% and a return on equity of 20.42%. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. analysts forecast that Ingredion Inc will post 8.3 earnings per share for the current year.
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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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