27,141 Shares in Ingredion Incorporated $INGR Bought by Empowered Funds LLC

Key Points

• Empowered Funds LLC bought 27,141 shares of Ingredion worth approximately $2.55 million, while institutional investors collectively own 85.27% of the company.
• Analysts remain cautious: Ingredion has a consensus “Hold” rating from nine analysts and an average price target of $121.29, despite some recent target adjustments.
• Ingredion exceeded quarterly expectations with adjusted EPS of $2.82 versus the $2.71 estimate and revenue of $1.85 billion; shares opened at $102.66, near the lower end of their yearly range.

Empowered Funds LLC purchased a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 27,141 shares of the company's stock, valued at approximately $2,548,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Ingredion in the 2nd quarter worth $618,834,000. Dimensional Fund Advisors LP boosted its stake in shares of Ingredion by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company's stock valued at $350,952,000 after purchasing an additional 175,600 shares in the last quarter. First Trust Advisors LP increased its position 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 buying an additional 1,059,324 shares during the period. AQR Capital Management LLC increased its position in shares of Ingredion by 53.3% during the fourth quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company's stock valued at $201,337,000 after buying an additional 634,900 shares during the period. Finally, Snyder Capital Management L P raised its stake in Ingredion by 4.4% in the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company's stock worth $152,355,000 after buying an additional 57,928 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings lowered shares of Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, July 8th. Barclays reduced their target price on Ingredion from $120.00 to $118.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 5th. UBS Group increased their target price on Ingredion from $104.00 to $108.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Oppenheimer cut Ingredion from an "outperform" rating to a "market perform" rating in a research note on Monday, June 8th. Finally, Zacks Research upgraded Ingredion from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $121.29.

Insider Activity

In other news, Director David B. Fischer sold 1,662 shares of the business'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 value of $170,039.22. Following the sale, the director directly owned 19,930 shares of the company's stock, valued at $2,039,038.30. The trade was a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.60% of the company's stock.

Ingredion Stock Down 1.5%

Shares of Ingredion stock opened at $102.66 on Thursday. Ingredion Incorporated has a 1 year low of $94.44 and a 1 year high of $128.98. The firm has a market cap 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 company has a 50-day moving average of $101.71 and a 200 day moving average of $106.41. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.71 by $0.11. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. Ingredion's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, sell-side analysts anticipate that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal 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.

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