Pillar Pacific Capital Management LLC maintained its position in Ingredion Incorporated (NYSE:INGR) during the second quarter, Holdings Channel reports. The firm owned 2,100 shares of the company’s stock at the end of the second quarter. Pillar Pacific Capital Management LLC’s holdings in Ingredion were worth $250,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. National Pension Service boosted its position in Ingredion by 108.9% in the second quarter. National Pension Service now owns 894 shares of the company’s stock valued at $105,000 after buying an additional 466 shares in the last quarter. Assetmark Inc. boosted its position in Ingredion by 105.3% in the first quarter. Assetmark Inc. now owns 975 shares of the company’s stock valued at $118,000 after buying an additional 500 shares in the last quarter. Penserra Capital Management LLC boosted its position in Ingredion by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,242 shares of the company’s stock valued at $149,000 after buying an additional 108 shares in the last quarter. Global X Management Co. LLC boosted its position in Ingredion by 30.0% in the first quarter. Global X Management Co. LLC now owns 1,325 shares of the company’s stock valued at $160,000 after buying an additional 306 shares in the last quarter. Finally, WFG Advisors LP boosted its position in Ingredion by 0.4% in the first quarter. WFG Advisors LP now owns 1,367 shares of the company’s stock valued at $165,000 after buying an additional 5 shares in the last quarter. Institutional investors and hedge funds own 84.01% of the company’s stock.

Shares of Ingredion Incorporated (INGR) opened at 121.94 on Friday. The company has a market capitalization of $8.74 billion, a PE ratio of 18.34 and a beta of 0.60. The company has a 50-day moving average of $119.37 and a 200-day moving average of $120.10. Ingredion Incorporated has a one year low of $113.07 and a one year high of $140.00.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.03. Ingredion had a net margin of 8.35% and a return on equity of 20.84%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business earned $1.53 EPS. The company’s revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Ingredion Incorporated will post $7.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, June 30th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.00 annualized dividend and a yield of 1.64%. Ingredion’s payout ratio is currently 30.08%.

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Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Ingredion from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a report on Friday. BidaskClub upgraded shares of Ingredion from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. BMO Capital Markets reiterated a “hold” rating and issued a $125.00 price objective on shares of Ingredion in a report on Tuesday, June 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Ingredion in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Ingredion currently has a consensus rating of “Hold” and a consensus price target of $140.50.

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.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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