Equity Investment Corp Acquires New Shares in Ingredion Incorporated $INGR

Equity Investment Corp purchased a new position in shares of Ingredion Incorporated (NYSE:INGR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 871,065 shares of the company’s stock, valued at approximately $82,499,000. Equity Investment Corp owned 1.38% of Ingredion at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Ingredion in the second quarter valued at approximately $618,834,000. First Trust Advisors LP increased its holdings in Ingredion by 53.1% in the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after buying an additional 1,059,324 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Ingredion by 22,036.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock valued at $114,351,000 after purchasing an additional 1,032,421 shares in the last quarter. Norges Bank bought a new position in Ingredion in the fourth quarter valued at about $85,310,000. Finally, AQR Capital Management LLC lifted its stake in Ingredion by 143.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after purchasing an additional 701,063 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Insiders Place Their Bets

In other Ingredion news, Director David B. Fischer sold 1,662 shares of the business’s stock in a transaction 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 directly owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. The trade was a 7.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Barclays dropped their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. UBS Group upped their price objective on shares of Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Ingredion presently has a consensus rating of “Hold” and an average target price of $121.29.

Ingredion Price Performance

Shares of Ingredion stock opened at $105.46 on Wednesday. The company has a fifty day moving average of $100.52 and a 200-day moving average of $107.48. 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 Incorporated has a 52-week low of $94.44 and a 52-week high of $130.48. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62.

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

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.