Ingredion Inc (INGR) Holdings Trimmed by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in Ingredion Inc (NYSE:INGR) by 5.3% during the 1st quarter, Holdings Channel reports. The firm owned 11,823 shares of the company’s stock after selling 662 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ingredion were worth $1,120,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Nissay Asset Management Corp Japan ADV boosted its holdings in Ingredion by 1.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 6,089 shares of the company’s stock valued at $557,000 after purchasing an additional 110 shares during the last quarter. Creative Planning boosted its holdings in Ingredion by 1.5% in the 4th quarter. Creative Planning now owns 7,703 shares of the company’s stock valued at $704,000 after purchasing an additional 114 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Ingredion by 0.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 47,236 shares of the company’s stock valued at $4,317,000 after purchasing an additional 125 shares during the last quarter. Benedict Financial Advisors Inc. boosted its holdings in Ingredion by 3.3% in the 4th quarter. Benedict Financial Advisors Inc. now owns 3,992 shares of the company’s stock valued at $365,000 after purchasing an additional 129 shares during the last quarter. Finally, Pflug Koory LLC boosted its holdings in Ingredion by 3.4% in the 1st quarter. Pflug Koory LLC now owns 4,995 shares of the company’s stock valued at $473,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 87.56% of the company’s stock.

Several research firms have weighed in on INGR. Vertical Group lowered shares of Ingredion from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. ValuEngine lowered shares of Ingredion from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research lowered shares of Ingredion from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Seaport Global Securities began coverage on shares of Ingredion in a report on Thursday, February 21st. They issued a “buy” rating on the stock. Finally, TheStreet downgraded shares of Ingredion from a “b-” rating to a “c+” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Ingredion presently has a consensus rating of “Hold” and a consensus price target of $118.50.



Ingredion stock opened at $81.62 on Wednesday. The company has a market capitalization of $5.44 billion, a PE ratio of 11.79, a P/E/G ratio of 1.09 and a beta of 0.67. Ingredion Inc has a 1 year low of $81.54 and a 1 year high of $116.39. The company has a current ratio of 2.41, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Thursday, May 2nd. The company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.12). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Ingredion had a net margin of 6.70% and a return on equity of 17.18%. Ingredion’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.94 earnings per share. On average, research analysts forecast that Ingredion Inc will post 6.95 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 1st will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, June 28th. Ingredion’s dividend payout ratio (DPR) is 36.13%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://dakotafinancialnews.com/2019/05/22/ingredion-inc-ingr-holdings-trimmed-by-commonwealth-of-pennsylvania-public-school-empls-retrmt-sys.html.

Ingredion Profile

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

Further Reading: What are CEFs?

Want to see what other hedge funds are holding INGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingredion Inc (NYSE:INGR).

Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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.