November 29, 2016 - By Hazel Jackson · 0 Comments
Ingredion Inc (NYSE:INGR) institutional sentiment decreased to 1.09 in Q2 2016. Its down -0.10, from 1.19 in 2016Q1. The ratio worsened, as 211 investment managers increased and started new stock positions, while 178 reduced and sold their holdings in Ingredion Inc. The investment managers in our partner’s database now possess: 61.65 million shares, down from 66.73 million shares in 2016Q1. Also, the number of investment managers holding Ingredion Inc in their top 10 stock positions increased from 9 to 10 for an increase of 1. Sold All: 44 Reduced: 134 Increased: 137 New Position: 74.
Ingredion Incorporated is a global ingredients solutions provider. The company has a market cap of $8.65 billion. The Firm is engaged in the production and sale of starches and sweeteners for a range of industries. It has a 17.91 P/E ratio. The Company’s activities are classified into four divisions: North America, South America, Asia Pacific, and Europe, Middle East and Africa (EMEA).
Ingredion Inc (NYSE:INGR) has risen 11.47% since April 26, 2016 and is uptrending. It has outperformed by 6.21% the S&P500.
Analysts await Ingredion Inc (NYSE:INGR) to report earnings on January, 26. They expect $1.63 earnings per share, up 14.79% or $0.21 from last year’s $1.42 per share. INGR’s profit will be $117.62M for 18.38 P/E if the $1.63 EPS becomes a reality. After $1.96 actual earnings per share reported by Ingredion Inc for the previous quarter, Wall Street now forecasts -16.84% negative EPS growth.
According to Zacks Investment Research, “Ingredion Incorporated is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. The Company serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. Its sweetener products include dextrose, glucose, polyols, HFCS and Maltodextrin. The Company’s nutrition solutions include prebiotic fibers, resistant starch, soluble fibers and Inulin fibers. Its starch-based products include both industrial and food-grade starches. Ingredion Incorporated, formerly known as Corn Products International, Inc., is headquartered in Chicago.”
Snyder Capital Management L P holds 5.53% of its portfolio in Ingredion Inc for 656,353 shares. Sg Capital Management Llc owns 121,424 shares or 3.86% of their US portfolio. Moreover, North Point Portfolio Managers Corp Oh has 3.77% invested in the company for 148,087 shares. The Massachusetts-based Contravisory Investment Management Inc. has invested 3.62% in the stock. Check Capital Management Inc Ca, a California-based fund reported 303,841 shares.#img1#
Ratings analysis reveals 57% of Ingredion Inc’s analysts are positive. Out of 7 Wall Street analysts rating Ingredion Inc, 4 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $84 while the high is $140. The stock’s average target of $108 is -9.90% below today’s ($119.87) share price. INGR was included in 10 notes of analysts from August 3, 2015. The stock of Ingredion Inc (NYSE:INGR) earned “Market Perform” rating by BMO Capital Markets on Friday, October 30. The rating was upgraded by Citigroup to “Buy” on Monday, September 14. The company was initiated on Wednesday, December 16 by Jefferies. On Wednesday, June 15 the stock rating was maintained by Citigroup with “Buy”. Societe Generale initiated the stock with “Hold” rating in Thursday, September 8 report. The firm earned “Overweight” rating on Friday, January 29 by Stephens.
Ingredion Incorporated (Ingredion), incorporated on March 27, 1997, is a global ingredients solutions provider. The Firm is engaged in the production and sale of starches and sweeteners for a range of industries. It operates in four divisions: North America, South America, Asia Pacific, and Europe, Middle East and Africa (EMEA). It turns corn, tapioca, potatoes, and other vegetables and fruits into ingredients and biomaterials. The Company’s product line includes starches and sweeteners, animal feed products and edible corn oil. The Company’s sweetener products include glucose syrups, high maltose syrup, high fructose corn syrup (HFCS), dextrose, polyols, and maltodextrins and glucose syrup solids. The Company’s starch products include both food-grade and industrial starches, and biomaterials. It also offers specialty ingredients. The Company’s products are derived primarily from the processing of corn and other starch materials, such as tapioca, potato and rice. Ingredion supplies a range of clients in diverse industries around the world, including the food, beverage, paper and corrugating, brewing, pharmaceutical, textile and personal care industries, as well as the global animal feed and corn oil markets.
Another recent and important Ingredion Inc (NYSE:INGR) news was published by Businesswire.com which published an article titled: “Fitch Affirms Ingredion Inc.’s IDR at ‘BBB’; Outlook Stable” on August 26, 2016.
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By Hazel Jackson