Ingredion (NYSE:INGR) on Focus After Report of More Shorts

December 14, 2017 - By Adrian Erickson

 Ingredion (NYSE:INGR) on Focus After Report of More Shorts

Investors sentiment increased to 0.95 in 2017 Q2. Its up 0.06, from 0.89 in 2017Q1. It increased, as 32 investors sold Ingredion Incorporated shares while 161 reduced holdings. 42 funds opened positions while 142 raised stakes. 59.36 million shares or 0.37% less from 59.58 million shares in 2017Q1 were reported.
Royal National Bank Of Canada has 105,685 shares for 0.01% of their portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corp owns 0% invested in Ingredion Incorporated (NYSE:INGR) for 2,700 shares. Pax Ww Mgmt Limited Co holds 0.02% in Ingredion Incorporated (NYSE:INGR) or 3,259 shares. First Republic Inv Inc invested 0% of its portfolio in Ingredion Incorporated (NYSE:INGR). Fifth Third Retail Bank accumulated 74,994 shares or 0.07% of the stock. Guggenheim Limited owns 91,139 shares for 0.03% of their portfolio. Voya Invest Mgmt Llc reported 98,994 shares. Axa owns 257,172 shares for 0.14% of their portfolio. Navellier & Associate holds 0.04% or 1,996 shares in its portfolio. Moreover, Sumitomo Mitsui Asset Ltd has 0.01% invested in Ingredion Incorporated (NYSE:INGR). 61 are held by Tci Wealth Advisors. Art Ltd Limited Liability Company owns 21,800 shares. Sumitomo Mitsui Trust reported 0.04% stake. Glob X Limited Company holds 0% or 1,121 shares in its portfolio. Hl Svcs Ltd Liability holds 0.01% of its portfolio in Ingredion Incorporated (NYSE:INGR) for 2,730 shares.

The stock of Ingredion (NYSE:INGR) registered an increase of 5.75% in short interest. INGR’s total short interest was 1.27M shares in December as published by FINRA. Its up 5.75% from 1.20 million shares, reported previously. With 248,500 shares average volume, it will take short sellers 5 days to cover their INGR’s short positions. The short interest to Ingredion’s float is 1.78%.

The stock decreased 0.04% or $0.06 during the last trading session, reaching $138.33. About 528,512 shares traded or 43.75% up from the average. Ingredion Incorporated (NYSE:INGR) has declined 2.30% since December 14, 2016 and is downtrending. It has underperformed by 19.00% the S&P500.

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company has market cap of $9.94 billion. The firm operates through four divisions: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It has a 19.83 P/E ratio. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins and glucose, and syrup solids, as well as food-grade and industrial starches, and biomaterials.

Ingredion Incorporated (NYSE:INGR) Ratings Coverage

Among 7 analysts covering Ingredion Inc (NYSE:INGR), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Ingredion Inc had 21 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by Credit Suisse on Thursday, November 2. The stock has “Buy” rating by Jefferies on Monday, September 25. Jefferies maintained Ingredion Incorporated (NYSE:INGR) on Thursday, June 29 with “Buy” rating. The company was maintained on Wednesday, September 27 by BMO Capital Markets. Jefferies maintained Ingredion Incorporated (NYSE:INGR) on Friday, October 27 with “Buy” rating. The rating was maintained by Citigroup with “Buy” on Wednesday, June 15. The rating was initiated by Societe Generale on Thursday, September 8 with “Hold”. The firm has “Market Perform” rating given on Friday, October 30 by BMO Capital Markets. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, August 2. The rating was upgraded by Stephens on Friday, January 29 to “Overweight”.

Another recent and important Ingredion Incorporated (NYSE:INGR) news was published by Foodbusinessnews.net which published an article titled: “Ingredion giving boost to emerging businesses” on December 12, 2017.

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