Alambic Investment Management buys $2,210,971 stake in Ingredion Inc (INGR)

Ingredion Inc (INGR) : Alambic Investment Management scooped up 3,620 additional shares in Ingredion Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 16,244 shares of Ingredion Inc which is valued at $2,210,971.Ingredion Inc makes up approximately 0.49% of Alambic Investment Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in INGR in the latest quarter, The investment management firm added 2,464 additional shares and now holds a total of 5,229 shares of Ingredion Inc which is valued at $711,719. Ingredion Inc makes up approx 0.01% of Bnp Paribas Investment Partners S.a.’s portfolio.Boston Advisors reduced its stake in INGR by selling 276 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 187,517 shares of INGR which is valued at $24,686,613. Ingredion Inc makes up approx 0.60% of Boston Advisors’s portfolio.Checchi Capital Advisers boosted its stake in INGR in the latest quarter, The investment management firm added 47 additional shares and now holds a total of 508 shares of Ingredion Inc which is valued at $67,452. Ingredion Inc makes up approx 0.02% of Checchi Capital Advisers’s portfolio.James Investment Research Inc boosted its stake in INGR in the latest quarter, The investment management firm added 46,080 additional shares and now holds a total of 80,230 shares of Ingredion Inc which is valued at $10,656,149. Ingredion Inc makes up approx 0.26% of James Investment Research Inc’s portfolio.Nisa Investment Advisors boosted its stake in INGR in the latest quarter, The investment management firm added 12,495 additional shares and now holds a total of 83,435 shares of Ingredion Inc which is valued at $11,081,837. Ingredion Inc makes up approx 0.14% of Nisa Investment Advisors’s portfolio.

Ingredion Inc closed down -0.98 points or -0.72% at $134.98 with 3,93,717 shares getting traded on Monday. Post opening the session at $135.84, the shares hit an intraday low of $134.94 and an intraday high of $136.3399 and the price fluctuated in this range throughout the day.Shares ended Monday 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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