Simplex Trading adds Ingredion Inc (INGR) to its portfolio

Ingredion Inc (INGR) : Simplex Trading added new position in Ingredion Inc during the most recent quarter end. The investment management firm now holds 1,865 shares of Ingredion Inc which is valued at $247,523 , the company said in a statement filed on Oct 7, 2016 with the SEC.Ingredion Inc makes up approximately 0.03% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co added INGR to its portfolio by purchasing 2,100 company shares during the most recent quarter which is valued at $278,712. Ingredion Inc makes up approx 0.04% of First Mercantile Trust Co’s portfolio.Independent Portfolio Consultants reduced its stake in INGR by selling 80 shares or 13.11% in the most recent quarter. The Hedge Fund company now holds 530 shares of INGR which is valued at $70,506. Ingredion Inc makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in INGR by selling 24,198 shares or 69.25% in the most recent quarter. The Hedge Fund company now holds 10,746 shares of INGR which is valued at $1,429,540. Ingredion Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings boosted its stake in INGR in the latest quarter, The investment management firm added 84 additional shares and now holds a total of 3,769 shares of Ingredion Inc which is valued at $501,390.Norman Fields Gottscho Capital Management reduced its stake in INGR by selling 375 shares or 8.3% in the most recent quarter. The Hedge Fund company now holds 4,145 shares of INGR which is valued at $551,409. Ingredion Inc makes up approx 0.37% of Norman Fields Gottscho Capital Management’s portfolio.

Ingredion Inc closed down -1.35 points or -1.01% at $132.72 with 4,98,061 shares getting traded on Friday. Post opening the session at $134.13, the shares hit an intraday low of $131.68 and an intraday high of $134.23 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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