Foster & Motley Inc. bought a new position in Ingredion Incorporated (NYSE:INGR – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,882 shares of the company’s stock, valued at approximately $3,209,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of INGR. International Assets Investment Management LLC acquired a new position in shares of Ingredion during the fourth quarter worth $30,000. GHP Investment Advisors Inc. acquired a new stake in Ingredion during the 1st quarter valued at $33,000. Bell Investment Advisors Inc purchased a new stake in Ingredion during the 2nd quarter worth $34,000. Los Angeles Capital Management LLC purchased a new stake in Ingredion during the 4th quarter worth $36,000. Finally, Root Financial Partners LLC lifted its holdings in Ingredion by 83.7% in the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after buying an additional 169 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on INGR shares. UBS Group raised their target price on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Benchmark reissued a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Barclays lowered their price objective on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Finally, Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $121.29.
Ingredion Stock Performance
Shares of NYSE INGR opened at $105.46 on Wednesday. Ingredion Incorporated has a 12-month low of $94.44 and a 12-month high of $130.48. The company has a market cap of $6.65 billion, a PE ratio of 11.50, a P/E/G ratio of 0.90 and a beta of 0.62. The stock has a 50 day simple moving average of $100.52 and a 200-day simple moving average of $107.48. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39.
Ingredion (NYSE:INGR – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.71 by $0.11. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The firm’s revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, equities research analysts forecast that Ingredion Incorporated will post 10.6 EPS for the current year.
Insider Activity
In other news, Director David B. Fischer sold 1,662 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director directly owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.
About Ingredion
Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.
The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.
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