46,722 Shares in Ingredion Incorporated $INGR Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new position in Ingredion Incorporated (NYSE:INGRFree Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 46,722 shares of the company’s stock, valued at approximately $4,425,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INGR. International Assets Investment Management LLC bought a new stake in Ingredion in the 4th quarter valued at about $30,000. GHP Investment Advisors Inc. bought a new position in Ingredion in the first quarter worth approximately $33,000. Bell Investment Advisors Inc bought a new position in Ingredion in the second quarter worth approximately $34,000. Los Angeles Capital Management LLC acquired a new stake in Ingredion in the fourth quarter valued at approximately $36,000. Finally, Root Financial Partners LLC grew its stake in Ingredion by 83.7% in the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after acquiring an additional 169 shares during the period. 85.27% of the stock is owned by institutional investors.

Ingredion Stock Up 0.9%

Ingredion stock opened at $104.46 on Friday. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $130.48. The stock has a market cap of $6.59 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.89 and a beta of 0.62. The firm’s 50-day simple moving average is $101.38 and its 200 day simple moving average is $106.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80.

Ingredion (NYSE:INGRGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Research analysts predict that Ingredion Incorporated will post 10.6 EPS for the current fiscal year.

Insider Activity

In other news, Director David B. Fischer sold 1,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the transaction, the director directly owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. UBS Group boosted their price target on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Finally, Barclays dropped their price objective on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Ingredion currently has an average rating of “Hold” and an average target price of $121.29.

Get Our Latest Research Report on Ingredion

About Ingredion

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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