North Point Portfolio Managers Corpoh Lowers stake in Ingredion Inc (INGR)

Ingredion Inc (INGR) : North Point Portfolio Managers Corpoh reduced its stake in Ingredion Inc by 3.35% during the most recent quarter end. The investment management company now holds a total of 148,087 shares of Ingredion Inc which is valued at $19,495,654 after selling 5,137 shares in Ingredion Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Ingredion Inc makes up approximately 3.72% of North Point Portfolio Managers Corpoh’s portfolio.

Other Hedge Funds, Including , Oakbrook Investments boosted its stake in INGR in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 6,425 shares of Ingredion Inc which is valued at $853,112. Ingredion Inc makes up approx 0.05% of Oakbrook Investments’s portfolio.Capstone Asset Management Co boosted its stake in INGR in the latest quarter, The investment management firm added 323 additional shares and now holds a total of 7,506 shares of Ingredion Inc which is valued at $977,957. Ingredion Inc makes up approx 0.03% of Capstone Asset Management Co’s portfolio.

Ingredion Inc closed down -0.19 points or -0.14% at $133.24 with 5,00,093 shares getting traded on Friday. Post opening the session at $133.25, the shares hit an intraday low of $132.91 and an intraday high of $134 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Ingredion Inc reported $1.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $1.65.Analysts expectations of $ 1449.82.During the same quarter in the previous year, the company posted $1.53 EPS.

Ingredion Incorporated is a manufacturer and supplier of starch and sweetener ingredients to a range of industries including packaged food beverage brewing industrial pharmaceutical and personal care customers. The Company operates in four business segments: North America South America Asia Pacific and EMEA. North America segment consists of operations in the United States Canada and Mexico and produces a range of both sweeteners and starches. South America segment includes 11 plants that produce regular modified waxy and tapioca starches fructose and maltose syrups and syrup solids dextrins and maltodextrins dextrose specialty starches caramel color sorbitol and vegetable adhesives. Asia Pacific segment manufactures corn-based products in South Korea Australia and China and tapioca-based products in Thailand. EMEA segment includes five plants that produce modified and specialty starches glucose and dextrose in England Germany and Pakistan.

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