Ieq Capital LLC Makes New $1.57 Million Investment in Ingredion Incorporated $INGR

Ieq Capital LLC bought a new stake in Ingredion Incorporated (NYSE:INGR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,615 shares of the company’s stock, valued at approximately $1,574,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its position in Ingredion by 32.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after acquiring an additional 514 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ingredion by 63.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock valued at $499,000 after acquiring an additional 1,440 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Ingredion by 9.0% in the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock worth $1,310,000 after purchasing an additional 797 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Ingredion by 5.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock worth $13,712,000 after purchasing an additional 5,255 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of Ingredion by 5.6% during the 1st quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock worth $492,000 after purchasing an additional 192 shares during the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Trading Down 1.1%

INGR opened at $104.92 on Wednesday. Ingredion Incorporated has a one year low of $94.44 and a one year high of $130.48. The stock has a market capitalization of $6.62 billion, a PE ratio of 11.44, a P/E/G ratio of 0.91 and a beta of 0.62. The business’s 50 day moving average price is $101.01 and its 200 day moving average price is $107.05. 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 posted its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm earned $2.87 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, equities research analysts expect that Ingredion Incorporated will post 10.6 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on INGR. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. UBS Group boosted 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. Barclays dropped their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Finally, Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $121.29.

Insider Buying and Selling at Ingredion

In other news, Director David B. Fischer sold 1,662 shares of the stock in a transaction 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 transaction, the director directly owned 19,930 shares in the company, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.