Ingredion (NYSE:INGR) Reaches New 52-Week Low at $80.16

Ingredion Incorporated (NYSE:INGRGet Rating)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $80.16 and last traded at $80.29, with a volume of 663 shares traded. The stock had previously closed at $82.19.

Ingredion Price Performance

The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 11.91 and a beta of 0.76. The company has a 50 day simple moving average of $88.55 and a 200 day simple moving average of $88.53.

Ingredion (NYSE:INGRGet Rating) last posted its earnings results on Tuesday, August 9th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.18. Ingredion had a return on equity of 14.53% and a net margin of 6.13%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Ingredion Incorporated will post 7.03 EPS for the current year.

Institutional Investors Weigh In On Ingredion

A number of large investors have recently modified their holdings of the stock. NorthCrest Asset Manangement LLC grew its stake in shares of Ingredion by 1.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 7,250 shares of the company’s stock valued at $632,000 after buying an additional 125 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Ingredion by 54.3% in the second quarter. Pinnacle Bancorp Inc. now owns 355 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Securian Asset Management Inc. boosted its holdings in Ingredion by 2.2% in the second quarter. Securian Asset Management Inc. now owns 6,037 shares of the company’s stock valued at $532,000 after purchasing an additional 128 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Ingredion by 2.3% in the second quarter. Commonwealth Equity Services LLC now owns 5,871 shares of the company’s stock valued at $517,000 after purchasing an additional 134 shares during the last quarter. Finally, Cambridge Trust Co. boosted its holdings in Ingredion by 17.5% in the first quarter. Cambridge Trust Co. now owns 940 shares of the company’s stock valued at $82,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 88.44% of the company’s stock.

About Ingredion

(Get Rating)

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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