Sapience Investments LLC Purchases 10,050 Shares of Ingredion Inc (NYSE:INGR)

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Sapience Investments LLC raised its position in Ingredion Inc (NYSE:INGR) by 33.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 40,430 shares of the company’s stock after buying an additional 10,050 shares during the quarter. Sapience Investments LLC’s holdings in Ingredion were worth $3,335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in Ingredion in the 2nd quarter valued at approximately $29,000. Advisory Services Network LLC lifted its stake in Ingredion by 65.4% in the 2nd quarter. Advisory Services Network LLC now owns 407 shares of the company’s stock valued at $33,000 after acquiring an additional 161 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Ingredion in the 2nd quarter valued at approximately $50,000. Zions Bancorporation N.A. bought a new stake in Ingredion in the 1st quarter valued at approximately $63,000. Finally, Signaturefd LLC lifted its stake in Ingredion by 49.5% in the 1st quarter. Signaturefd LLC now owns 1,159 shares of the company’s stock valued at $110,000 after acquiring an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 87.81% of the company’s stock.

Shares of Ingredion stock traded down $0.07 on Monday, reaching $83.53. 18,493 shares of the company were exchanged, compared to its average volume of 461,745. Ingredion Inc has a one year low of $73.00 and a one year high of $107.52. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 12.07 and a beta of 0.82. The company has a current ratio of 2.48, a quick ratio of 1.51 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $77.62 and a 200 day moving average of $84.61.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.06. Ingredion had a return on equity of 17.23% and a net margin of 6.61%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the business posted $1.66 EPS. The business’s revenue was down 4.1% compared to the same quarter last year. Analysts predict that Ingredion Inc will post 6.68 earnings per share for the current year.

Several equities research analysts have commented on INGR shares. Credit Suisse Group cut their target price on Ingredion from $85.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. They noted that the move was a valuation call. Zacks Investment Research cut Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 6th. Finally, Citigroup dropped their price objective on Ingredion from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $102.33.

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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