Snyder Capital Management L P Lowers stake in Ingredion Inc (INGR)

Ingredion Inc (INGR) : Snyder Capital Management L P reduced its stake in Ingredion Inc by 8.41% during the most recent quarter end. The investment management company now holds a total of 656,353 shares of Ingredion Inc which is valued at $89,237,754 after selling 60,263 shares in Ingredion Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Ingredion Inc makes up approximately 5.56% of Snyder Capital Management L P’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. added INGR to its portfolio by purchasing 935 company shares during the most recent quarter which is valued at $127,123. Ingredion Inc makes up approx 0.02% of Mizuho Asset Managementltd.’s portfolio. Concannon Wealth Management sold out all of its stake in INGR during the most recent quarter. The investment firm sold 100 shares of INGR which is valued $13,366. Lmr Partners Llp sold out all of its stake in INGR during the most recent quarter. The investment firm sold 46,514 shares of INGR which is valued $6,197,525. 1st Global Advisors added INGR to its portfolio by purchasing 6,717 company shares during the most recent quarter which is valued at $891,883. Ingredion Inc makes up approx 0.12% of 1st Global Advisors’s portfolio.

Ingredion Inc closed down -0.16 points or -0.12% at $137.44 with 3,15,993 shares getting traded on Tuesday. Post opening the session at $137.67, the shares hit an intraday low of $137.285 and an intraday high of $138.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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