What’s Ahead for Ingredion Inc After Today’s Bearish Options Activity?

 What's Ahead for Ingredion Inc After Today's Bearish Options Activity?

In today’s session Ingredion Inc (INGR) recorded an unusually high (190) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious INGR decrease. With 190 contracts traded and 2744 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: INGR161118P00125000 closed last at: $0.75 or 11.8% down. About 196,869 shares traded hands. Ingredion Inc (NYSE:INGR) has risen 14.18% since April 8, 2016 and is uptrending. It has outperformed by 8.53% the S&P500.

Ingredion Inc (NYSE:INGR) Ratings Coverage

Out of 7 analysts covering Ingredion Inc (NYSE:INGR), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. $140 is the highest target while $84 is the lowest. The $108 average target is -12.66% below today’s ($123.66) stock price. Ingredion Inc has been the topic of 10 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was initiated by Societe Generale on Thursday, September 8 with “Hold”. On Monday, September 14 the stock rating was upgraded by Citigroup to “Buy”. The firm earned “Buy” rating on Wednesday, June 15 by Citigroup. The rating was initiated by Jefferies with “Buy” on Wednesday, December 16. As per Friday, October 30, the company rating was maintained by BMO Capital Markets. The stock of Ingredion Inc (NYSE:INGR) earned “Overweight” rating by Stephens on Friday, January 29.

According to Zacks Investment Research, “Ingredion Incorporated is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. The Company serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. Its sweetener products include dextrose, glucose, polyols, HFCS and Maltodextrin. The Company’s nutrition solutions include prebiotic fibers, resistant starch, soluble fibers and Inulin fibers. Its starch-based products include both industrial and food-grade starches. Ingredion Incorporated, formerly known as Corn Products International, Inc., is headquartered in Chicago.”

Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.16, from 1.03 in 2016Q1. The ratio increased, as 44 funds sold all Ingredion Inc shares owned while 134 reduced positions. 74 funds bought stakes while 137 increased positions. They now own 61.65 million shares or 7.62% less from 66.73 million shares in 2016Q1.
American Intll Group accumulated 0% or 139,013 shares. California State Teachers Retirement Systems accumulated 0.04% or 153,146 shares. Bokf Na has 0.16% invested in the company for 35,450 shares. Pub Employees Retirement Association Of Colorado last reported 0.02% of its portfolio in the stock. Ameriprise Fincl Incorporated accumulated 250,839 shares or 0.02% of the stock. Americafirst Limited Liability Co reported 3,953 shares or 0% of all its holdings. Meeder Asset Management Inc, a Ohio-based fund reported 9,698 shares. Bridgeway Capital Inc accumulated 300,700 shares or 0.6% of the stock. Fny Managed Accounts Ltd Liability Co accumulated 0% or 100 shares. Mufg Americas Corporation, a New York-based fund reported 320 shares. Affinity Invest Limited Liability accumulated 58,246 shares or 0.56% of the stock. Analytic Investors Lc has 0.05% invested in the company for 29,917 shares. Cam Grp Inc Incorporated A S accumulated 0.04% or 17,200 shares. The New York-based Van Eck Associate has invested 0.01% in Ingredion Inc (NYSE:INGR). Welch And Forbes Ltd Liability Company, a Massachusetts-based fund reported 3,375 shares.

Ingredion Incorporated is a global ingredients solutions provider. The company has a market cap of $8.44 billion. The Firm is engaged in the production and sale of starches and sweeteners for a range of industries. It has a 18.47 P/E ratio. The Company’s activities are classified into four divisions: North America, South America, Asia Pacific, and Europe, Middle East and Africa (EMEA).

INGR Company Profile

Ingredion Incorporated (Ingredion), incorporated on March 27, 1997, is a global ingredients solutions provider. The Firm is engaged in the production and sale of starches and sweeteners for a range of industries. It operates in four divisions: North America, South America, Asia Pacific, and Europe, Middle East and Africa (EMEA). It turns corn, tapioca, potatoes, and other vegetables and fruits into ingredients and biomaterials. The Company’s product line includes starches and sweeteners, animal feed products and edible corn oil. The Company’s sweetener products include glucose syrups, high maltose syrup, high fructose corn syrup (HFCS), dextrose, polyols, and maltodextrins and glucose syrup solids. The Company’s starch products include both food-grade and industrial starches, and biomaterials. It also offers specialty ingredients. The Company’s products are derived primarily from the processing of corn and other starch materials, such as tapioca, potato and rice. Ingredion supplies a range of clients in diverse industries around the world, including the food, beverage, paper and corrugating, brewing, pharmaceutical, textile and personal care industries, as well as the global animal feed and corn oil markets.

More news for Ingredion Inc (NYSE:INGR) were recently published by: Businesswire.com, which released: “Fitch Affirms Ingredion Inc.’s IDR at ‘BBB’; Outlook Stable” on August 26, 2016. Reuters.com‘s article titled: “BRIEF-Ingredion inc increases quarterly dividend to $0.50/shr on company’s…” and published on September 21, 2016 is yet another important article.

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