Caisse DE Depot ET Placement DU Quebec Takes Position in Ingredion Incorporated (NYSE:INGR)

Caisse DE Depot ET Placement DU Quebec acquired a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 124,386 shares of the company's stock, valued at approximately $17,094,000. Caisse DE Depot ET Placement DU Quebec owned about 0.19% of Ingredion as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in INGR. Signaturefd LLC raised its holdings in Ingredion by 5.7% during the 3rd quarter. Signaturefd LLC now owns 1,570 shares of the company's stock worth $216,000 after purchasing an additional 85 shares during the last quarter. Seelaus Asset Management LLC raised its position in shares of Ingredion by 3.3% in the third quarter. Seelaus Asset Management LLC now owns 3,285 shares of the company's stock worth $451,000 after buying an additional 105 shares in the last quarter. Conscious Wealth Investments LLC lifted its stake in Ingredion by 0.4% during the second quarter. Conscious Wealth Investments LLC now owns 25,165 shares of the company's stock worth $2,967,000 after purchasing an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Ingredion by 102.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company's stock valued at $27,000 after acquiring an additional 118 shares during the period. Finally, Delphi Management Inc. MA raised its holdings in shares of Ingredion by 0.8% during the second quarter. Delphi Management Inc. MA now owns 15,631 shares of the company's stock valued at $1,793,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company's stock.

Analysts Set New Price Targets

INGR has been the topic of several research analyst reports. Barclays boosted their price target on shares of Ingredion from $145.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. StockNews.com cut Ingredion from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 7th. UBS Group boosted their price objective on Ingredion from $165.00 to $173.00 and gave the company a "buy" rating in a report on Friday, November 15th. BMO Capital Markets boosted their price objective on Ingredion from $128.00 to $147.00 and gave the company a "market perform" rating in a research note on Wednesday, November 6th. Finally, Oppenheimer increased their price target on shares of Ingredion from $147.00 to $178.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of "Moderate Buy" and an average price target of $155.17.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 6,122 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.66, for a total value of $861,120.52. Following the transaction, the senior vice president now directly owns 29,034 shares of the company's stock, valued at $4,083,922.44. The trade was a 17.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James P. Zallie sold 371 shares of the firm's stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $133.58, for a total transaction of $49,558.18. Following the sale, the chief executive officer now directly owns 52,159 shares of the company's stock, valued at approximately $6,967,399.22. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,197 shares of company stock valued at $9,702,315. 1.80% of the stock is currently owned by corporate insiders.

Ingredion Trading Up 0.6 %

Shares of Ingredion stock traded up $0.85 on Monday, hitting $148.19. 408,996 shares of the company's stock traded hands, compared to its average volume of 387,426. Ingredion Incorporated has a one year low of $104.52 and a one year high of $155.44. The stock has a market capitalization of $9.66 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.26 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69. The firm's 50-day moving average price is $139.84 and its two-hundred day moving average price is $128.84.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $0.47. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.94 billion. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The business's revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 earnings per share. On average, research analysts expect that Ingredion Incorporated will post 10.6 EPS for the current fiscal year.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.