Wright Investors Service Inc buys $1,323,902 stake in Ingredion Inc (INGR)

Ingredion Inc (INGR) : Wright Investors Service Inc scooped up 415 additional shares in Ingredion Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 9,905 shares of Ingredion Inc which is valued at $1,323,902.Ingredion Inc makes up approximately 0.53% of Wright Investors Service Inc’s portfolio.

Other Hedge Funds, Including , Donald L. Hagan sold out all of its stake in INGR during the most recent quarter. The investment firm sold 50 shares of INGR which is valued $6,639.Ferguson Wellman Capital Management Inc reduced its stake in INGR by selling 550 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 24,965 shares of INGR which is valued at $3,315,851. Ingredion Inc makes up approx 0.13% of Ferguson Wellman Capital Management Inc’s portfolio.Check Capital Management Incca reduced its stake in INGR by selling 6,771 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 303,841 shares of INGR which is valued at $40,356,162. Ingredion Inc makes up approx 3.96% of Check Capital Management Incca’s portfolio. Kistler-tiffany Companies added INGR to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $1,721.

Ingredion Inc opened for trading at $133.37 and hit $134.39 on the upside on Thursday, eventually ending the session at $134.19, with a gain of 0.40% or 0.53 points. The heightened volatility saw the trading volume jump to 2,95,292 shares. Company has a market cap of $9,686 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.

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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