Mesirow Financial Investment Management Equity Management purchased a new position in shares of Ingredion Incorporated (NYSE:INGR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,445 shares of the company’s stock, valued at approximately $1,125,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. National Pension Service boosted its position in shares of Ingredion by 108.9% in the second quarter. National Pension Service now owns 894 shares of the company’s stock worth $105,000 after buying an additional 466 shares in the last quarter. Assetmark Inc. boosted its position in shares of Ingredion by 105.3% in the first quarter. Assetmark Inc. now owns 975 shares of the company’s stock worth $118,000 after buying an additional 500 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of Ingredion by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,242 shares of the company’s stock worth $149,000 after buying an additional 108 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Ingredion by 30.0% in the first quarter. Global X Management Co. LLC now owns 1,325 shares of the company’s stock worth $160,000 after buying an additional 306 shares in the last quarter. Finally, WFG Advisors LP boosted its position in shares of Ingredion by 0.4% in the first quarter. WFG Advisors LP now owns 1,367 shares of the company’s stock worth $165,000 after buying an additional 5 shares in the last quarter. 84.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ingredion Incorporated (NYSE INGR) opened at 122.93 on Thursday. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 18.49 and a beta of 0.60. The company’s 50 day moving average price is $119.93 and its 200-day moving average price is $120.04. Ingredion Incorporated has a 1-year low of $113.07 and a 1-year high of $140.00.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, August 1st. The company reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.03. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.50 billion. Ingredion had a return on equity of 20.84% and a net margin of 8.35%. Ingredion’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 earnings per share. On average, equities analysts forecast that Ingredion Incorporated will post $7.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, June 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.00 annualized dividend and a yield of 1.63%. Ingredion’s dividend payout ratio (DPR) is presently 30.08%.

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A number of research firms recently issued reports on INGR. BidaskClub lowered Ingredion from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research note on Friday, August 4th. BMO Capital Markets reiterated a “hold” rating and set a $125.00 price objective on shares of Ingredion in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $145.00 price objective on shares of Ingredion in a research note 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 company’s stock. The stock presently has an average rating of “Hold” and an average target price 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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