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

Ingredion Incorporated (NYSE:INGR) Logo

Investors sentiment decreased to 0.91 in 2019 Q2. Its down 0.33, from 1.24 in 2019Q1. It worsened, as 40 investors sold Ingredion Incorporated shares while 133 reduced holdings. 54 funds opened positions while 104 raised stakes. 55.97 million shares or 3.08% less from 57.75 million shares in 2019Q1 were reported.
Jnba Fincl Advsr reported 40 shares stake. Apg Asset Nv owns 0% invested in Ingredion Incorporated (NYSE:INGR) for 10,900 shares. Johnson Inv Counsel Inc invested in 11,441 shares. Axa reported 0.05% stake. Davenport & Company Limited Liability Company reported 0.01% stake. Kbc Nv has invested 0.11% in Ingredion Incorporated (NYSE:INGR). Gamco Invsts Et Al has invested 0.04% of its portfolio in Ingredion Incorporated (NYSE:INGR). Ameritas Investment Prtn Incorporated invested in 19,507 shares or 0.07% of the stock. Pinebridge Invs L P holds 93,334 shares or 0.13% of its portfolio. Piedmont Investment Advsrs Incorporated owns 6,442 shares. Bessemer Group holds 0.23% or 820,948 shares in its portfolio. Zwj Counsel Inc has 1.43% invested in Ingredion Incorporated (NYSE:INGR) for 221,245 shares. Voloridge Inv Mngmt Lc holds 0.01% or 5,700 shares in its portfolio. Moreover, Cambridge Invest Rech Inc has 0% invested in Ingredion Incorporated (NYSE:INGR). Profund Ltd Llc reported 0.02% in Ingredion Incorporated (NYSE:INGR).

The stock of Ingredion Incorporated (NYSE:INGR) registered an increase of 12.71% in short interest. INGR’s total short interest was 2.85 million shares in September as published by FINRA. Its up 12.71% from 2.53M shares, reported previously. With 522,600 shares average volume, it will take short sellers 6 days to cover their INGR’s short positions. The short interest to Ingredion Incorporated’s float is 4.34%.

The stock increased 1.04% or $0.86 during the last trading session, reaching $83.6. About 341,720 shares traded. Ingredion Incorporated (NYSE:INGR) has declined 22.43% since September 13, 2018 and is downtrending. It has underperformed by 22.43% the S&P500.

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company has market cap of $5.63 billion. The firm operates through four divisions: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It has a 14.62 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 2 analysts covering Ingredion (NYSE:INGR), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Ingredion has $8500 highest and $7700 lowest target. $81’s average target is -3.11% below currents $83.6 stock price. Ingredion had 3 analyst reports since March 16, 2019 according to SRatingsIntel. The stock of Ingredion Incorporated (NYSE:INGR) earned “Neutral” rating by Credit Suisse on Tuesday, July 23. The stock has “Neutral” rating by Citigroup on Tuesday, August 6.

More notable recent Ingredion Incorporated (NYSE:INGR) news were published by: Globenewswire.com which released: “INGREDION NAMES STEPHAN B. TANDA TO BOARD OF DIRECTORS – GlobeNewswire” on August 20, 2019, also Finance.Yahoo.com with their article: “A Look At Ingredion Incorporated’s (NYSE:INGR) Exceptional Fundamentals – Yahoo Finance” published on July 12, 2019, Finance.Yahoo.com published: “At US$83.17, Is It Time To Put Ingredion Incorporated (NYSE:INGR) On Your Watch List? – Yahoo Finance” on June 21, 2019. More interesting news about Ingredion Incorporated (NYSE:INGR) were released by: Finance.Yahoo.com and their article: “What Can We Make Of Ingredion Incorporated’s (NYSE:INGR) High Return On Capital? – Yahoo Finance” published on September 09, 2019 as well as Globenewswire.com‘s news article titled: “Ingredion Incorporated Reports First Quarter 2019 Results NYSE:INGR – GlobeNewswire” with publication date: May 02, 2019.

Ingredion Incorporated (NYSE:INGR) Institutional Positions Chart

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