New Century Advisors LLC Increases Holdings in Ingredion Incorporated (NYSE:INGR)

New Century Advisors LLC grew its holdings in shares of Ingredion Incorporated (NYSE:INGRGet Rating) by 84.4% in the second quarter, Holdings Channel reports. The institutional investor owned 461 shares of the company’s stock after purchasing an additional 211 shares during the period. New Century Advisors LLC’s holdings in Ingredion were worth $41,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of Ingredion by 12.6% in the 4th quarter. HighTower Advisors LLC now owns 7,053 shares of the company’s stock valued at $683,000 after purchasing an additional 790 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Ingredion by 14.8% in the 4th quarter. Citigroup Inc. now owns 15,409 shares of the company’s stock valued at $1,490,000 after purchasing an additional 1,989 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ingredion by 21.7% in the 4th quarter. JPMorgan Chase & Co. now owns 230,711 shares of the company’s stock valued at $22,296,000 after acquiring an additional 41,071 shares during the period. Bank of Montreal Can increased its position in Ingredion by 176.7% in the 4th quarter. Bank of Montreal Can now owns 172,338 shares of the company’s stock valued at $16,722,000 after acquiring an additional 110,063 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Ingredion by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 591,724 shares of the company’s stock valued at $57,185,000 after acquiring an additional 11,146 shares during the period. 88.44% of the stock is owned by hedge funds and other institutional investors.

Ingredion Stock Performance

INGR stock traded down $2.55 during trading on Friday, hitting $79.64. The company had a trading volume of 15,870 shares, compared to its average volume of 401,468. The firm has a market cap of $5.22 billion, a PE ratio of 11.91 and a beta of 0.76. Ingredion Incorporated has a 1-year low of $81.25 and a 1-year high of $101.89. The firm has a 50-day moving average price of $88.55 and a 200-day moving average price of $88.53. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.55.

Ingredion (NYSE:INGRGet Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.18. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Ingredion had a return on equity of 14.53% and a net margin of 6.13%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 EPS. On average, analysts expect that Ingredion Incorporated will post 7.03 earnings per share for the current year.

Ingredion Profile

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Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. It operates through four segments: North America; South America; Asia-Pacific; and Europe, Middle East and Africa. The company offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, and glucose syrup solids, as well as food-grade and industrial starches, biomaterials, and nutrition ingredients.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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