Victory Capital Management Inc. Has $51,659,000 Position in Ingredion Inc. (INGR)
Victory Capital Management Inc. decreased its stake in Ingredion Inc. (NYSE:INGR) by 33.8% during the third quarter, Holdings Channel reports. The firm owned 388,239 shares of the company’s stock after selling 197,876 shares during the period. Victory Capital Management Inc.’s holdings in Ingredion were worth $51,659,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. TD Asset Management Inc. increased its position in Ingredion by 105.6% in the third quarter. TD Asset Management Inc. now owns 63,227 shares of the company’s stock valued at $8,413,000 after buying an additional 32,481 shares during the period. Investment Counselors of Maryland LLC increased its position in Ingredion by 8.1% in the third quarter. Investment Counselors of Maryland LLC now owns 1,465 shares of the company’s stock valued at $195,000 after buying an additional 110 shares during the period. Neuberger Berman Group LLC increased its position in Ingredion by 322.0% in the third quarter. Neuberger Berman Group LLC now owns 21,084 shares of the company’s stock valued at $2,805,000 after buying an additional 16,088 shares during the period. State Treasurer State of Michigan increased its position in Ingredion by 0.7% in the third quarter. State Treasurer State of Michigan now owns 29,100 shares of the company’s stock valued at $3,872,000 after buying an additional 200 shares during the period. Finally, Aviance Capital Partners LLC increased its position in Ingredion by 105.3% in the third quarter. Aviance Capital Partners LLC now owns 5,800 shares of the company’s stock valued at $772,000 after buying an additional 2,975 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ingredion Inc. (NYSE:INGR) traded down 0.1923% during trading on Tuesday, reaching $119.3401. The company’s stock had a trading volume of 17,377 shares. Ingredion Inc. has a one year low of $84.57 and a one year high of $140.00. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 17.7801 and a beta of 0.78. The company has a 50-day moving average price of $127.29 and a 200-day moving average price of $128.85.
Ingredion (NYSE:INGR) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.18. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Ingredion had a return on equity of 21.14% and a net margin of 8.50%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 EPS. On average, equities research analysts forecast that Ingredion Inc. will post $7.06 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on INGR shares. Zacks Investment Research upgraded shares of Ingredion from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Saturday, November 5th. Credit Suisse Group AG lifted their price target on shares of Ingredion from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Finally, Societe Generale started coverage on shares of Ingredion in a report on Wednesday, September 7th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Ingredion has an average rating of “Hold” and an average target price of $130.67.
Ingredion Incorporated (Ingredion) is a global ingredients solutions provider. The Company is engaged in the production and sale of starches and sweeteners for a range of industries. Its operations are classified into four segments: North America, South America, Asia Pacific, and Europe, Middle East and Africa (EMEA).
Want to see what other hedge funds are holding INGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingredion Inc. (NYSE:INGR).
Receive News & Ratings for Ingredion Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingredion Inc. and related companies with MarketBeat.com's FREE daily email newsletter.