Check Capital Management Inc. CA Has $103.42 Million Holdings in Ingredion Incorporated (INGR)
Check Capital Management Inc. CA raised its stake in Ingredion Incorporated (NYSE:INGR) by 98.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 857,289 shares of the company’s stock after purchasing an additional 425,835 shares during the quarter. Ingredion comprises about 3.1% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 7th biggest position. Check Capital Management Inc. CA owned 1.19% of Ingredion worth $103,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in the business. National Pension Service increased its position in shares of Ingredion by 108.9% during the second quarter. National Pension Service now owns 894 shares of the company’s stock worth $105,000 after acquiring an additional 466 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Ingredion by 10.6% during the second quarter. Toronto Dominion Bank now owns 952 shares of the company’s stock worth $113,000 after acquiring an additional 91 shares during the last quarter. WFG Advisors LP increased its position in shares of Ingredion by 0.4% during the second quarter. WFG Advisors LP now owns 1,373 shares of the company’s stock worth $164,000 after acquiring an additional 6 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Ingredion by 19.3% during the second quarter. First Mercantile Trust Co. now owns 1,432 shares of the company’s stock worth $171,000 after acquiring an additional 232 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of Ingredion by 17.2% during the second quarter. Penserra Capital Management LLC now owns 1,456 shares of the company’s stock worth $173,000 after acquiring an additional 214 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors.
In other Ingredion news, VP James P. Zallie sold 27,972 shares of Ingredion stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $125.39, for a total value of $3,507,409.08. Following the completion of the transaction, the vice president now directly owns 29,429 shares in the company, valued at $3,690,102.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the vice president now owns 29,306 shares of the company’s stock, valued at $3,664,422.24. The disclosure for this sale can be found here. Insiders sold 52,882 shares of company stock valued at $6,622,034 over the last quarter. Insiders own 1.92% of the company’s stock.
Ingredion Incorporated (NYSE INGR) traded down $0.25 during trading hours on Friday, reaching $132.96. The company had a trading volume of 743,500 shares, compared to its average volume of 431,081. The firm has a market capitalization of $9,560.00, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. Ingredion Incorporated has a fifty-two week low of $113.07 and a fifty-two week high of $134.03. The company has a quick ratio of 1.53, a current ratio of 2.41 and a debt-to-equity ratio of 0.61.
Ingredion (NYSE:INGR) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.17. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. analysts expect that Ingredion Incorporated will post 7.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, October 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.81%. This is an increase from Ingredion’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 29th. Ingredion’s dividend payout ratio (DPR) is 34.33%.
A number of brokerages have recently issued reports on INGR. Zacks Investment Research lowered Ingredion from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Stephens raised Ingredion from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. BidaskClub raised Ingredion from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Jefferies Group LLC set a $145.00 target price on Ingredion and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $145.00 target price (up from $140.00) on shares of Ingredion in a research report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $140.00.
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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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