Corient Private Wealth LP Acquires Shares of 24,645 Ingredion Incorporated $INGR

Corient Private Wealth LP acquired a new stake in Ingredion Incorporated (NYSE:INGR) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 24,645 shares of the company’s stock, valued at approximately $2,334,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE acquired a new stake in shares of Ingredion in the second quarter worth $50,025,000. Caisse de depot et placement du Quebec acquired a new position in Ingredion during the second quarter valued at $61,704,000. Man Group plc purchased a new stake in Ingredion in the second quarter valued at $9,002,000. Jupiter Topco LLC purchased a new stake in Ingredion in the second quarter valued at $2,526,000. Finally, Hsbc Holdings PLC acquired a new stake in Ingredion during the 2nd quarter worth about $1,355,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Activity

In other news, Director David B. Fischer sold 1,662 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of the sale, the director owned 19,930 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Ingredion Trading Down 1.5%

INGR stock opened at $102.66 on Thursday. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $128.98. 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 market cap of $6.47 billion, a P/E ratio of 11.20, a PEG ratio of 0.89 and a beta of 0.62. The company’s 50-day simple moving average is $101.71 and its 200-day simple moving average is $106.41.

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

Ingredion Company 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.