Erste Asset Management GmbH Invests $673,000 in Ingredion Incorporated (NYSE:INGR)

Erste Asset Management GmbH purchased a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,900 shares of the company's stock, valued at approximately $673,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in Ingredion by 92.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,764,012 shares of the company's stock worth $202,332,000 after buying an additional 846,967 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Ingredion by 177.8% in the 2nd quarter. Acadian Asset Management LLC now owns 396,743 shares of the company's stock valued at $45,491,000 after purchasing an additional 253,949 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Ingredion by 55,219.9% in the 3rd quarter. International Assets Investment Management LLC now owns 174,811 shares of the company's stock valued at $240,240,000 after purchasing an additional 174,495 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Ingredion by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,685,339 shares of the company's stock valued at $308,009,000 after purchasing an additional 125,543 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Ingredion in the 3rd quarter valued at about $17,094,000. Institutional investors and hedge funds own 85.27% of the company's stock.

Insider Buying and Selling

In related news, SVP Larry Fernandes sold 4,700 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total transaction of $721,027.00. Following the transaction, the senior vice president now owns 29,034 shares of the company's stock, valued at approximately $4,454,105.94. This trade represents a 13.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James D. Gray sold 54,869 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the transaction, the chief financial officer now directly owns 12,795 shares in the company, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,197 shares of company stock valued at $9,702,315. Company insiders own 1.80% of the company's stock.

Ingredion Stock Up 0.2 %

Shares of INGR traded up $0.30 during trading hours on Wednesday, reaching $149.41. 396,049 shares of the stock traded hands, compared to its average volume of 387,899. The company has a current ratio of 2.67, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $140.39 and a 200 day simple moving average of $129.19. Ingredion Incorporated has a 52 week low of $104.68 and a 52 week high of $155.44. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.27 and a beta of 0.74.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INGR shares. Barclays upped their price target on shares of Ingredion from $145.00 to $168.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. UBS Group upped their price target on shares of Ingredion from $165.00 to $173.00 and gave the company a "buy" rating in a research note on Friday, November 15th. StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 7th. BMO Capital Markets increased their target price on shares of Ingredion from $128.00 to $147.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. Finally, Oppenheimer increased their target price on shares of Ingredion from $147.00 to $178.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.17.

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.