Sg Capital Management adds Ingredion Inc (INGR) to its portfolio

Ingredion Inc (INGR) : Sg Capital Management added new position in Ingredion Inc during the most recent quarter end. The investment management firm now holds 121,424 shares of Ingredion Inc which is valued at $16,508,807 , the company said in a statement filed on Aug 15, 2016 with the SEC.Ingredion Inc makes up approximately 3.66% of Sg Capital Management’s portfolio.

Other Hedge Funds, Including , Lord Abbett reduced its stake in INGR by selling 65,652 shares or 17.93% in the most recent quarter. The Hedge Fund company now holds 300,535 shares of INGR which is valued at $40,860,739. Ingredion Inc makes up approx 0.13% of Lord Abbett’s portfolio.Burney Co reduced its stake in INGR by selling 4,798 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 133,789 shares of INGR which is valued at $18,189,952. Ingredion Inc makes up approx 1.26% of Burney Co’s portfolio. Secor Capital Advisors Lp sold out all of its stake in INGR during the most recent quarter. The investment firm sold 8,344 shares of INGR which is valued $1,135,702. 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.

Ingredion Inc opened for trading at $136.74 and hit $137.83 on the upside on Thursday, eventually ending the session at $137.23, with a gain of 0.20% or 0.27 points. The heightened volatility saw the trading volume jump to 3,48,542 shares. Company has a market cap of $9,906 M.

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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