Ruggaard & Associates LLC Acquires New Holdings in Ingredion Incorporated $INGR

Ruggaard & Associates LLC bought a new stake in shares of Ingredion Incorporated (NYSE:INGR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,357 shares of the company’s stock, valued at approximately $602,000.

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

Wall Street Analysts Forecast Growth

INGR has been the subject of a number of research reports. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Benchmark reissued a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Barclays decreased their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Finally, UBS Group lifted their target price on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $121.29.

Ingredion Price Performance

NYSE INGR opened at $103.63 on Friday. The stock has a market capitalization of $6.54 billion, a P/E ratio of 11.30, 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. The business’s fifty day moving average is $101.25 and its two-hundred day moving average is $106.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80.

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

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 shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.