New Century Advisors LLC grew its holdings in shares of Ingredion Incorporated (NYSE:INGR – Get 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 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.
- Get a free copy of the StockNews.com research report on Ingredion (INGR)
- Why Does Tesla Stock Remain Resilient?
- Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
- Will Crowdstrike Get A Boost From Increased EPS Guidance?
- 2 Semiconductor Stocks To Watch For Reversals
- Is Costco’s Post-Earnings Price Weakness A Good Time To Buy?
Receive News & Ratings for Ingredion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingredion and related companies with MarketBeat.com's FREE daily email newsletter.