Shares of Ingredion Incorporated (NYSE:INGR) Sees Large Inflow of Net Money Flow

Ingredion Incorporated (NYSE:INGR) dropped slightly amid mild profit booking and the last known price was $122.37 per share. The price decreased by -0.18 points or -0.14% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $0.54 million. The total upticks were valued at $0.86 million and the total downticks aggregated to $0.32 million, thereby putting the up/down ratio at 2.71,. The shares have seen a change in the share price of 2.42% on a weekly basis.


Currently the company Insiders own 1.7% of Ingredion Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.26% . Institutional Investors own 86.15% of Ingredion Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -12.57%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Kokke Jorgen, officer (Sr VP & Pres, Asia-Pac & EMEA) of Ingredion Inc, had unloaded 10,658 shares at an average price of $119.47 in a transaction dated on June 8, 2016. The total value of the transaction was worth $1,273,311.

Ingredion Incorporated (NYSE:INGR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 2.14 points or 1.75% at $120.4 with 632,037 shares getting traded. Post opening the session at $121.66, the shares hit an intraday low of $120.01 and an intraday high of $122.73 and the price was in this range throughout the day. The company has a market cap of $8,667 million and the number of outstanding shares have been calculated to be 71,987,000 shares. The 52-week high of Ingredion Incorporated (NYSE:INGR) is $123.2399 and the 52-week low is $79.31.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Credit Suisse maintains its rating on Ingredion Incorporated (NYSE:INGR).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Credit Suisse raises the new price target from $108 per share to $115 per share. The rating by the firm was issued on March 4, 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.

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