OVERSEA CHINESE BANKING Corp Ltd Acquires Shares of 7,220 Ingredion Incorporated $INGR

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Ingredion Incorporated (NYSE:INGR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,220 shares of the company’s stock, valued at approximately $684,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in INGR. BlackRock Inc. purchased a new stake in Ingredion during the 2nd quarter valued at $618,834,000. First Trust Advisors LP grew 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 worth $344,080,000 after acquiring an additional 1,059,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Ingredion by 22,036.7% in 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 acquiring an additional 1,032,421 shares during the period. Equity Investment Corp purchased a new position in shares of Ingredion in the second quarter valued at about $82,499,000. Finally, Norges Bank bought a new position in shares of Ingredion during the fourth quarter valued at about $85,310,000. Institutional investors own 85.27% of the company’s stock.

Insider Buying and Selling at Ingredion

In related news, Director David B. Fischer sold 1,662 shares of Ingredion stock in a transaction that occurred 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 sale, the director directly owned 19,930 shares in the company, valued at $2,039,038.30. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Ingredion Stock Performance

Shares of INGR opened at $106.95 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. Ingredion Incorporated has a one year low of $94.44 and a one year high of $130.48. The company has a 50-day simple moving average of $100.84 and a two-hundred day simple moving average of $107.33. The firm has a market capitalization of $6.74 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 0.92 and a beta of 0.62.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business earned $2.87 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, analysts anticipate that Ingredion Incorporated will post 10.6 EPS 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.