Northwestern Mutual Wealth Management Co. Takes Position in Ingredion Incorporated $INGR

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,031 shares of the company’s stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Ingredion in the 4th quarter valued at approximately $30,000. GHP Investment Advisors Inc. acquired a new position in shares of Ingredion during the first quarter worth $33,000. Los Angeles Capital Management LLC bought a new stake in shares of Ingredion in the fourth quarter worth $36,000. Bell Investment Advisors Inc bought a new stake in shares of Ingredion in the second quarter worth $34,000. Finally, Root Financial Partners LLC increased its holdings in Ingredion by 83.7% in the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after purchasing an additional 169 shares during the period. 85.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director David B. Fischer sold 1,662 shares of the firm’s 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 completion of the sale, the director owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Ingredion Stock Performance

Shares of INGR opened at $104.70 on Thursday. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $6.60 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The firm’s fifty day simple moving average is $101.13 and its two-hundred day simple moving average is $106.95. Ingredion Incorporated has a 12 month low of $94.44 and a 12 month high of $130.48.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, topping 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%.The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, analysts predict 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.