Ingredion (INGR) Shareholder North Point Portfolio Managers Lowered Its Position as Valuation Declined; Midwest Investment Management Has Upped Citigroup Com (C) Position

January 22, 2018 - By Neil V. Hobbs

Midwest Investment Management Llc increased its stake in Citigroup Inc Com (C) by 32.09% based on its latest 2017Q3 regulatory filing with the SEC. Midwest Investment Management Llc bought 10,214 shares as the company’s stock rose 1.55% with the market. The institutional investor held 42,044 shares of the major banks company at the end of 2017Q3, valued at $3.06M, up from 31,830 at the end of the previous reported quarter. Midwest Investment Management Llc who had been investing in Citigroup Inc Com for a number of months, seems to be bullish on the $201.22 billion market cap company. The stock increased 1.18% or $0.91 during the last trading session, reaching $78.3. About 17.81 million shares traded or 16.52% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since January 22, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

North Point Portfolio Managers Corp decreased its stake in Ingredion Inc. (INGR) by 2.3% based on its latest 2017Q3 regulatory filing with the SEC. North Point Portfolio Managers Corp sold 3,178 shares as the company’s stock declined 4.33% while stock markets rallied. The institutional investor held 135,181 shares of the packaged foods company at the end of 2017Q3, valued at $16.31M, down from 138,359 at the end of the previous reported quarter. North Point Portfolio Managers Corp who had been investing in Ingredion Inc. for a number of months, seems to be less bullish one the $9.86B market cap company. The stock increased 0.54% or $0.73 during the last trading session, reaching $137.13. About 253,759 shares traded. Ingredion Incorporated (NYSE:INGR) has declined 2.30% since January 22, 2017 and is downtrending. It has underperformed by 19.00% the S&P500.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It increased, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. Roanoke Asset Management Corporation New York reported 63,149 shares. Numeric Investors Limited Liability owns 4.09 million shares. Atalanta Sosnoff Cap Lc invested 4.27% in Citigroup Inc. (NYSE:C). Tradewinds Capital Mgmt Limited Company owns 2,762 shares for 0.04% of their portfolio. Mirae Asset Glob Ltd holds 242,399 shares or 0.32% of its portfolio. 7,109 are held by First Foundation Advsr. Apriem Advsrs holds 0.12% in Citigroup Inc. (NYSE:C) or 6,660 shares. Reliant Mngmt Lc reported 50,085 shares. Wisconsin-based Winch Advisory Svcs Ltd Liability Corp has invested 0.04% in Citigroup Inc. (NYSE:C). Cambridge Inv Advisors holds 82,069 shares. Eubel Brady & Suttman Asset Mgmt holds 162,642 shares. The California-based L S Advsrs Incorporated has invested 1.06% in Citigroup Inc. (NYSE:C). Bradley Foster & Sargent Ct stated it has 148,806 shares or 0.41% of all its holdings. Greystone Inv Mgmt Ltd has invested 3.59% in Citigroup Inc. (NYSE:C). Somerset Com has 50,683 shares.

Among 39 analysts covering Citigroup Inc. (NYSE:C), 18 have Buy rating, 3 Sell and 18 Hold. Therefore 46% are positive. Citigroup Inc. had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $58 target in Monday, October 10 report. The stock has “Perform” rating by Oppenheimer on Tuesday, January 5. The firm has “Buy” rating by UBS given on Friday, October 16. The rating was downgraded by Vertical Group to “Hold” on Wednesday, January 17. Oppenheimer maintained the shares of C in report on Tuesday, October 6 with “Outperform” rating. Citigroup maintained Citigroup Inc. (NYSE:C) rating on Monday, October 9. Citigroup has “Buy” rating and $215 target. On Monday, September 21 the stock rating was downgraded by Iberia Capital Partners to “Underperform”. The stock of Citigroup Inc. (NYSE:C) earned “Hold” rating by Vetr on Thursday, August 6. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. The firm has “Hold” rating given on Tuesday, June 6 by Jefferies.

Since August 4, 2017, it had 0 insider purchases, and 2 insider sales for $3.05 million activity. On Thursday, August 10 Aristeguieta Francisco sold $2.70M worth of Citigroup Inc. (NYSE:C) or 40,000 shares.

North Point Portfolio Managers Corp, which manages about $628.27M and $592.44M US Long portfolio, upped its stake in Henry Schein Inc. (NASDAQ:HSIC) by 111,568 shares to 222,608 shares, valued at $18.25 million in 2017Q3, according to the filing.

Among 7 analysts covering Ingredion Inc (NYSE:INGR), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Ingredion Inc had 22 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, September 27 by BMO Capital Markets. The firm has “Buy” rating by Credit Suisse given on Wednesday, January 10. The firm has “Buy” rating given on Thursday, June 29 by Jefferies. The stock has “Buy” rating by Citigroup on Wednesday, June 15. The rating was maintained by BMO Capital Markets on Friday, October 30 with “Market Perform”. As per Friday, May 26, the company rating was maintained by Jefferies. The rating was maintained by BMO Capital Markets with “Hold” on Monday, June 26. On Wednesday, August 2 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was upgraded by Stephens on Wednesday, November 15 to “Overweight”. The firm earned “Hold” rating on Thursday, September 8 by Societe Generale.

Analysts await Ingredion Incorporated (NYSE:INGR) to report earnings on February, 1. They expect $1.74 EPS, up 4.19% or $0.07 from last year’s $1.67 per share. INGR’s profit will be $125.05 million for 19.70 P/E if the $1.74 EPS becomes a reality. After $2.21 actual EPS reported by Ingredion Incorporated for the previous quarter, Wall Street now forecasts -21.27% negative EPS growth.

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