Empowered Funds LLC Takes Position in Ingredion Incorporated $INGR

Empowered Funds LLC purchased a new position in Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 27,141 shares of the company’s stock, valued at approximately $2,548,000.

A number of other hedge funds also recently bought and sold shares of INGR. International Assets Investment Management LLC purchased a new stake in Ingredion during the 4th quarter valued at about $30,000. GHP Investment Advisors Inc. purchased a new position in Ingredion in the first quarter worth about $33,000. Bell Investment Advisors Inc bought a new position in shares of Ingredion in the second quarter worth approximately $34,000. Los Angeles Capital Management LLC bought a new position in shares of Ingredion in the fourth quarter worth approximately $36,000. Finally, Root Financial Partners LLC grew its holdings in shares of Ingredion by 83.7% during the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after buying an additional 169 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Insider Activity

In other news, Director David B. Fischer sold 1,662 shares of the firm’s stock in a transaction on 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 directly owned 19,930 shares in the company, valued at $2,039,038.30. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Ingredion Stock Down 1.5%

INGR opened at $102.66 on Thursday. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 0.89 and a beta of 0.62. The firm has a 50 day moving average price of $101.71 and a 200-day moving average price of $106.41. Ingredion Incorporated has a twelve month low of $94.44 and a twelve month high of $128.98. 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 issued 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 net margin of 8.21% and a return on equity of 15.40%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the company posted $2.87 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Equities research analysts forecast that Ingredion Incorporated will post 10.6 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group raised their price target 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. Barclays lowered their price objective 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. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Benchmark restated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Finally, Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.