Meeder Advisory Services Inc. Invests $598,000 in Ingredion Incorporated $INGR

Meeder Advisory Services Inc. bought a new stake in shares of Ingredion Incorporated (NYSE:INGR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,316 shares of the company’s stock, valued at approximately $598,000.

A number of other hedge funds have also recently made changes to their positions in INGR. BlackRock Inc. bought a new stake in Ingredion during the 2nd quarter valued at about $618,834,000. First Trust Advisors LP raised its stake in shares of Ingredion by 53.1% during the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after acquiring an additional 1,059,324 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Ingredion by 22,036.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock valued at $114,351,000 after acquiring an additional 1,032,421 shares in the last quarter. Norges Bank purchased a new stake in shares of Ingredion in the fourth quarter valued at approximately $85,310,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Ingredion by 143.1% in the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after purchasing an additional 701,063 shares during the period. 85.27% of the stock is currently owned by institutional investors.

Insider Transactions at Ingredion

In other Ingredion news, Director David B. Fischer sold 1,662 shares of Ingredion stock in a transaction 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 transaction, the director directly owned 19,930 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Ingredion Price Performance

INGR opened at $106.78 on Friday. The firm has a market capitalization of $6.73 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 0.92 and a beta of 0.62. 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 business’s 50-day moving average is $100.73 and its two-hundred day moving average is $107.33. Ingredion Incorporated has a 1 year low of $94.44 and a 1 year high of $130.48.

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

Analyst Ratings Changes

INGR has been the subject of a number of research analyst reports. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Benchmark reissued a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Barclays lowered their price objective on shares of 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 increased their target price on shares of Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.29.

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.