Point72 Asia Singapore Pte. Ltd. Purchases 3,838 Shares of Ingredion Incorporated (NYSE:INGR)

Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 1,342.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,124 shares of the company's stock after purchasing an additional 3,838 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Ingredion were worth $567,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of 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 period. Seelaus Asset Management LLC increased its stake in shares of Ingredion by 3.3% during the 3rd quarter. Seelaus Asset Management LLC now owns 3,285 shares of the company's stock worth $451,000 after purchasing an additional 105 shares during the last quarter. Conscious Wealth Investments LLC raised its holdings in shares of Ingredion by 0.4% in the 2nd 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 period. EverSource Wealth Advisors LLC lifted its stake in Ingredion by 102.6% in the first quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company's stock valued at $27,000 after purchasing an additional 118 shares during the last quarter. Finally, Delphi Management Inc. MA increased its position in Ingredion by 0.8% in the second quarter. Delphi Management Inc. MA now owns 15,631 shares of the company's stock worth $1,793,000 after buying an additional 123 shares during the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingredion

In other Ingredion news, CEO James P. Zallie sold 371 shares of the business'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 value of $49,558.18. Following the completion of the sale, the chief executive officer now owns 52,159 shares in the company, valued at approximately $6,967,399.22. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Larry Fernandes sold 4,700 shares of Ingredion stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $153.41, for a total transaction of $721,027.00. Following the completion of the transaction, the senior vice president now directly owns 29,034 shares in the company, valued at approximately $4,454,105.94. The trade was a 13.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,197 shares of company stock worth $9,702,315 over the last ninety days. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on INGR. StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 7th. Oppenheimer lifted their target price on Ingredion from $147.00 to $178.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Barclays increased their price target on shares of Ingredion from $145.00 to $168.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of Ingredion from $128.00 to $147.00 and gave the company a "market perform" rating in a research note on Wednesday, November 6th. Finally, UBS Group increased their target price on shares of Ingredion from $165.00 to $173.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. 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 an average rating of "Moderate Buy" and an average target price of $155.17.

Ingredion Price Performance

Shares of INGR stock traded up $1.02 during trading on Tuesday, hitting $149.13. The company had a trading volume of 489,611 shares, compared to its average volume of 553,342. Ingredion Incorporated has a 52 week low of $104.52 and a 52 week high of $155.44. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.27 and a beta of 0.74. The company has a quick ratio of 1.69, a current ratio of 2.67 and a debt-to-equity ratio of 0.44. The stock's 50-day moving average is $140.11 and its two-hundred day moving average is $129.05.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $0.47. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $2.33 EPS. The firm's revenue was down 8.0% compared to the same quarter last year. As a group, analysts predict 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.