Cohen & Steers Inc. Cuts Stake in Ingredion Inc (INGR)

Cohen & Steers Inc. lessened its stake in shares of Ingredion Inc (NYSE:INGR) by 37.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,332 shares of the company’s stock after selling 28,808 shares during the period. Cohen & Steers Inc. owned about 0.07% of Ingredion worth $4,418,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INGR. Capital Investment Advisory Services LLC bought a new stake in Ingredion during the fourth quarter worth about $30,000. Lavaca Capital LLC bought a new stake in Ingredion during the fourth quarter worth about $48,000. Oregon Public Employees Retirement Fund raised its holdings in Ingredion by 10,975.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,539,107 shares of the company’s stock worth $50,000 after acquiring an additional 4,498,125 shares in the last quarter. Kinneret Advisory LLC bought a new stake in Ingredion during the fourth quarter worth about $77,000. Finally, Enlightenment Research LLC bought a new stake in Ingredion during the fourth quarter worth about $101,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

NYSE:INGR opened at $93.38 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.39 and a current ratio of 2.26. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.16 and a beta of 0.68. Ingredion Inc has a 12-month low of $87.02 and a 12-month high of $132.95.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, February 5th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.01). Ingredion had a net margin of 7.31% and a return on equity of 17.77%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $1.35 EPS. Ingredion’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts predict that Ingredion Inc will post 7.25 EPS for the current fiscal year.

INGR has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on Ingredion to $145.00 and gave the company a “buy” rating in a research note on Monday, November 19th. Seaport Global Securities initiated coverage on Ingredion in a research note on Thursday, February 21st. They issued a “buy” rating on the stock. ValuEngine lowered Ingredion from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Vertical Group lowered Ingredion from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Zacks Investment Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $117.80.

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Ingredion Profile

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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