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 2.12% during the most recent quarter end. The investment management company now holds a total of 153,224 shares of Ingredion Inc which is valued at $17,634,550 after selling 3,317 shares in Ingredion Inc , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Ingredion Inc makes up approximately 3.39% of North Point Portfolio Managers Corpoh’s portfolio.

Ingredion Inc closed down -0.1 points or -0.09% at $114.99 with 6,42,295 shares getting traded on Monday. Post opening the session at $115.94, the shares hit an intraday low of $114.68 and an intraday high of $115.96 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , James Investment Research Inc boosted its stake in INGR in the latest quarter, The investment management firm added 4,687 additional shares and now holds a total of 34,150 shares of Ingredion Inc which is valued at $3,930,324. Ingredion Inc makes up approx 0.10% of James Investment Research Inc’s portfolio.First Manhattan Co reduced its stake in INGR by selling 5,732 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 476,724 shares of INGR which is valued at $50,542,278. Ingredion Inc makes up approx 0.31% of First Manhattan Co’s portfolio.Next Financial Group Inc boosted its stake in INGR in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 695 shares of Ingredion Inc which is valued at $73,684. Ingredion Inc makes up approx 0.03% of Next Financial Group Inc’s portfolio. Capital City Trust Cofl added INGR to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $214,800. Ingredion Inc makes up approx 0.09% of Capital City Trust Cofl’s portfolio.

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.

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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