Norman Fields Gottscho Capital Management Lowers stake in Ingredion Inc (INGR)

Ingredion Inc (INGR) : Norman Fields Gottscho Capital Management reduced its stake in Ingredion Inc by 8.3% during the most recent quarter end. The investment management company now holds a total of 4,145 shares of Ingredion Inc which is valued at $551,409 after selling 375 shares in Ingredion Inc , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Ingredion Inc makes up approximately 0.37% of Norman Fields Gottscho Capital Management’s portfolio.

Ingredion Inc closed down -2.26 points or -1.69% at $131.76 with 5,53,982 shares getting traded on Tuesday. Post opening the session at $134.09, the shares hit an intraday low of $131.37 and an intraday high of $134.32 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.

Many Wall Street Analysts have commented on Ingredion Inc. Ingredion Inc was Initiated by Societe Generale to “Hold” on Sep 7, 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.

Leave a Reply

Ingredion Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ingredion Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.