7,930 Shares in Ingredion Incorporated $INGR Bought by Commerce Bank

Commerce Bank bought a new position in Ingredion Incorporated (NYSE:INGR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 7,930 shares of the company’s stock, valued at approximately $751,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Ingredion by 4.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock valued at $250,000 after acquiring an additional 88 shares during the period. Vista Investment Management increased its holdings in shares of Ingredion by 0.8% in the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock worth $1,463,000 after acquiring an additional 89 shares during the period. PNC Financial Services Group Inc. lifted its position in Ingredion by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock valued at $2,789,000 after purchasing an additional 91 shares during the last quarter. Teza Capital Management LLC lifted its position in Ingredion by 4.2% in the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after purchasing an additional 92 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its stake in Ingredion by 1.2% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock valued at $920,000 after purchasing an additional 95 shares during the period. 85.27% of the stock is currently owned by institutional investors.

Insider Activity at Ingredion

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Barclays reduced their price objective on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. UBS Group raised their target price on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.29.

Ingredion Stock Performance

Shares of INGR opened at $104.70 on Thursday. The firm has a market capitalization of $6.60 billion, a PE ratio of 11.42, a P/E/G ratio of 0.90 and a beta of 0.62. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $101.13 and a 200 day moving average price of $106.95. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $130.48.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. The company had revenue of $1.85 billion for 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%. Ingredion’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, sell-side analysts anticipate that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Ingredion Profile

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.