Ingredion Inc (INGR) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group cut its holdings in Ingredion Inc (NYSE:INGR) by 97.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,578 shares of the company’s stock after selling 551,284 shares during the period. Schroder Investment Management Group’s holdings in Ingredion were worth $2,178,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of INGR. SeaCrest Wealth Management LLC bought a new position in shares of Ingredion during the 4th quarter valued at approximately $114,000. Meeder Asset Management Inc. increased its position in shares of Ingredion by 146.4% during the 4th quarter. Meeder Asset Management Inc. now owns 1,109 shares of the company’s stock valued at $155,000 after purchasing an additional 659 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of Ingredion during the 3rd quarter valued at approximately $173,000. Steward Partners Investment Advisory LLC increased its position in shares of Ingredion by 66.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,249 shares of the company’s stock valued at $174,000 after purchasing an additional 500 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Ingredion during the 4th quarter valued at approximately $201,000. 85.62% of the stock is currently owned by institutional investors and hedge funds.
In other Ingredion news, SVP Robert J. Stefansic sold 9,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $129.62, for a total value of $1,166,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Martin Sonntag sold 16,602 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $135.01, for a total value of $2,241,436.02. Following the completion of the sale, the senior vice president now owns 9,875 shares of the company’s stock, valued at $1,333,223.75. The disclosure for this sale can be found here. Insiders sold a total of 40,541 shares of company stock valued at $5,424,781 over the last quarter. Company insiders own 1.92% of the company’s stock.
Shares of Ingredion Inc (NYSE INGR) opened at $131.20 on Monday. Ingredion Inc has a 1-year low of $113.42 and a 1-year high of $146.28. The firm has a market capitalization of $9,477.30, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.44 and a beta of 0.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.52 and a quick ratio of 1.66.
Ingredion (NYSE:INGR) last issued its earnings results on Thursday, February 1st. The company reported $1.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.01). Ingredion had a return on equity of 20.42% and a net margin of 8.63%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. Ingredion’s quarterly revenue was up 24.2% compared to the same quarter last year. sell-side analysts predict that Ingredion Inc will post 8.3 earnings per share for the current fiscal year.
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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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