TIAA CREF Investment Management LLC trimmed its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 6.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 649,579 shares of the company’s stock after selling 44,299 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.91% of Ingredion worth $77,436,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. Raymond James Trust N.A. boosted its holdings in shares of Ingredion by 5.4% during the 2nd quarter. Raymond James Trust N.A. now owns 2,308 shares of the company’s stock worth $275,000 after buying an additional 119 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of Ingredion by 16.5% during the 2nd quarter. Stephens Inc. AR now owns 3,348 shares of the company’s stock worth $399,000 after buying an additional 474 shares in the last quarter. AJO LP boosted its holdings in shares of Ingredion by 2.8% during the 2nd quarter. AJO LP now owns 1,052,662 shares of the company’s stock worth $125,488,000 after buying an additional 28,372 shares in the last quarter. Martingale Asset Management L P boosted its holdings in shares of Ingredion by 3.7% during the 2nd quarter. Martingale Asset Management L P now owns 279,835 shares of the company’s stock worth $33,360,000 after buying an additional 10,100 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Ingredion by 13.5% during the 2nd quarter. Alliancebernstein L.P. now owns 391,195 shares of the company’s stock worth $46,634,000 after buying an additional 46,671 shares in the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

In related news, VP James P. Zallie sold 3,048 shares of Ingredion stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $125.00, for a total transaction of $381,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP James P. Zallie sold 21,862 shares of Ingredion stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $125.04, for a total value of $2,733,624.48. Following the sale, the vice president now owns 29,306 shares in the company, valued at $3,664,422.24. The disclosure for this sale can be found here. Insiders own 1.92% of the company’s stock.

INGR has been the topic of a number of research reports. BidaskClub lowered Ingredion from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research lowered Ingredion from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Ingredion in a research report on Wednesday, June 14th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $125.00 target price on shares of Ingredion in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $141.00.

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Ingredion Incorporated (NYSE:INGR) opened at 124.84 on Friday. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 18.78 and a beta of 0.60. Ingredion Incorporated has a 12 month low of $113.07 and a 12 month high of $137.62. The stock’s 50 day moving average price is $123.36 and its 200-day moving average price is $120.31.

Ingredion (NYSE:INGR) last released its quarterly 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. Ingredion had a return on equity of 20.84% and a net margin of 8.35%. The company 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 company posted $1.53 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Equities analysts anticipate that Ingredion Incorporated will post $7.61 EPS for the current fiscal year.

About Ingredion

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.

Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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