Ingredion Inc (INGR) Shares Sold by Legg Mason Asset Management Japan Co. Ltd.

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Legg Mason Asset Management Japan Co. Ltd. decreased its stake in shares of Ingredion Inc (NYSE:INGR) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,500 shares of the company’s stock after selling 300 shares during the period. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Ingredion were worth $503,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in shares of Ingredion by 10,975.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,539,107 shares of the company’s stock worth $50,000 after acquiring an additional 4,498,125 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Ingredion by 66.8% in the third quarter. Bank of New York Mellon Corp now owns 1,648,711 shares of the company’s stock valued at $173,050,000 after purchasing an additional 660,285 shares during the period. FMR LLC boosted its stake in shares of Ingredion by 49.3% in the third quarter. FMR LLC now owns 1,480,245 shares of the company’s stock valued at $155,366,000 after purchasing an additional 488,810 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of Ingredion by 848.3% in the third quarter. Panagora Asset Management Inc. now owns 533,197 shares of the company’s stock valued at $55,964,000 after purchasing an additional 476,973 shares during the period. Finally, Federated Investors Inc. PA boosted its stake in shares of Ingredion by 1,249.6% in the third quarter. Federated Investors Inc. PA now owns 395,810 shares of the company’s stock valued at $41,545,000 after purchasing an additional 366,481 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

NYSE INGR opened at $94.84 on Monday. Ingredion Inc has a 12 month low of $87.02 and a 12 month high of $132.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.39 and a current ratio of 2.26. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.16 and a beta of 0.68.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $1.61 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.01). Ingredion had a net margin of 7.31% and a return on equity of 17.77%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned $1.35 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. On average, research analysts expect that Ingredion Inc will post 7.25 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Ingredion from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. Vertical Group downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine downgraded shares of Ingredion from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Seaport Global Securities initiated coverage on shares of Ingredion in a research note on Thursday, February 21st. They issued a “buy” rating for the company. Finally, Jefferies Financial Group increased their price objective on shares of Ingredion to $145.00 and gave the company a “buy” rating in a research note on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $117.80.

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About Ingredion

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.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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