Landscape Capital Management L.L.C. purchased a new stake in Ingredion Incorporated (NYSE:INGR – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,061 shares of the company’s stock, valued at approximately $479,000.
Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Ingredion during the 4th quarter valued at $30,000. GHP Investment Advisors Inc. acquired a new stake in Ingredion in the 1st quarter valued at $33,000. Bell Investment Advisors Inc purchased a new position in Ingredion in the second quarter valued at about $34,000. Los Angeles Capital Management LLC purchased a new position in Ingredion in the fourth quarter valued at about $36,000. Finally, Root Financial Partners LLC lifted its stake in shares of Ingredion by 83.7% during the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after purchasing an additional 169 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.
Ingredion Stock Up 0.1%
Shares of Ingredion stock opened at $106.95 on Monday. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $130.48. The company has a market capitalization of $6.74 billion, a PE ratio of 11.66, a P/E/G ratio of 0.92 and a beta of 0.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. The business has a 50-day moving average of $100.84 and a 200-day moving average of $107.26.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Barclays decreased their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. UBS Group increased their price objective on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Ingredion has an average rating of “Hold” and a consensus price target of $121.29.
Read Our Latest Analysis on INGR
Insider Transactions at Ingredion
In other Ingredion news, Director David B. Fischer sold 1,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the transaction, the director directly owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.
About Ingredion
Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.
The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.
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