Sanctuary Advisors LLC Acquires Shares of 19,888 Ingredion Incorporated $INGR

Sanctuary Advisors LLC bought a new position in shares of Ingredion Incorporated (NYSE:INGR) during the second quarter, Holdings Channel.com reports. The firm bought 19,888 shares of the company’s stock, valued at approximately $1,884,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vista Investment Management bought a new stake in shares of Ingredion during the second quarter valued at approximately $1,103,000. Commerce Bank purchased a new stake in Ingredion in the second quarter worth $751,000. Northwestern Mutual Wealth Management Co. bought a new position in Ingredion in the second quarter worth $476,000. Quantbot Technologies LP purchased a new position in Ingredion during the second quarter valued at $10,746,000. Finally, William Blair Investment Management LLC purchased a new position in Ingredion during the second quarter valued at $232,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

INGR opened at $104.70 on Thursday. The stock has a 50-day moving average price of $101.13 and a 200-day moving average price of $106.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. The firm has a market cap of $6.60 billion, a PE ratio of 11.42, a P/E/G ratio of 0.90 and a beta of 0.62. Ingredion Incorporated has a 1 year low of $94.44 and a 1 year high of $130.48.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating the consensus estimate 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 for the quarter was up .9% on a year-over-year basis. 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. Sell-side analysts predict that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Insider Activity at Ingredion

In other news, Director David B. Fischer sold 1,662 shares of the 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 sale, the director owned 19,930 shares in the company, valued at $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

INGR has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. 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. 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 report on Wednesday, August 5th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Oppenheimer cut 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.29.

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.