Legal & General Group Plc Acquires Shares of 87,535 Ingredion Incorporated $INGR

Legal & General Group Plc bought a new position in Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 87,535 shares of the company’s stock, valued at approximately $8,290,000.

Several other institutional investors have also made changes to their positions in INGR. Fifth Third Wealth Advisors LLC raised 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 boosted its stake in 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 purchasing an additional 89 shares during the period. PNC Financial Services Group Inc. grew its position in Ingredion by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock worth $2,789,000 after purchasing an additional 91 shares in the last quarter. Teza Capital Management LLC grew its position in Ingredion by 4.2% during the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after purchasing an additional 92 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC raised 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 owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INGR has been the subject of a number of research analyst reports. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. 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 report on Wednesday, August 5th. UBS Group increased their price objective on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Finally, Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.29.

Ingredion Stock Up 0.8%

INGR stock opened at $104.30 on Wednesday. The company has a 50 day moving average of $101.61 and a two-hundred day moving average of $106.51. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.89 and a beta of 0.62. Ingredion Incorporated has a 12-month low of $94.44 and a 12-month high of $130.45. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39.

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

Insider Transactions at Ingredion

In other Ingredion news, Director David B. Fischer sold 1,662 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the transaction, the director 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

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.