Ingredion Inc (INGR) : Cantab Capital Partners Llp reduced its stake in Ingredion Inc by 8.22% during the most recent quarter end. The investment management company now holds a total of 22,241 shares of Ingredion Inc which is valued at $2.6 Million after selling 1,991 shares in Ingredion Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Ingredion Inc makes up approximately 0.71% of Cantab Capital Partners Llp’s portfolio.
Other Hedge Funds, Including , Ajo Lp boosted its stake in INGR in the latest quarter, The investment management firm added 22,363 additional shares and now holds a total of 1,155,095 shares of Ingredion Inc which is valued at $136.4 Million. Ingredion Inc makes up approx 0.61% of Ajo Lp’s portfolio.Gabelli Funds reduced its stake in INGR by selling 12,000 shares or 6.38% in the most recent quarter. The Hedge Fund company now holds 176,000 shares of INGR which is valued at $20.7 Million. Ingredion Inc makes up approx 0.13% of Gabelli Funds’s portfolio. Ausdal Financial Partners sold out all of its stake in INGR during the most recent quarter. The investment firm sold 46 shares of INGR which is valued $5,407. Bluecrest Capital Management Ltd added INGR to its portfolio by purchasing 18,578 company shares during the most recent quarter which is valued at $2.2 Million. Ingredion Inc makes up approx 0.19% of Bluecrest Capital Management Ltd’s portfolio.Aperio Group boosted its stake in INGR in the latest quarter, The investment management firm added 6,610 additional shares and now holds a total of 20,669 shares of Ingredion Inc which is valued at $2.4 Million. Ingredion Inc makes up approx 0.02% of Aperio Group’s portfolio.
Ingredion Inc closed down -1.36 points or -1.14% at $118.3 with 9,69,590 shares getting traded on Wednesday. Post opening the session at $120.14, the shares hit an intraday low of $118.12 and an intraday high of $120.22 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Ingredion Inc reported $1.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.39. The company had revenue of $1360.00 million for the quarter, compared to analysts expectations of $1340.99 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.
Investors should note that on May 18, 2016, Ingredion Inc announced a cash dividend of $0.4500. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 25, 2016.
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.