57,643 Shares in Ingredion Incorporated $INGR Purchased by Heartland Advisors Inc.

Key Points

• Heartland Advisors acquired 57,643 Ingredion shares during the second quarter, valued at approximately $5.46 million. Institutional investors collectively own 85.27% of the company.
• Ingredion exceeded quarterly expectations, reporting $2.82 in EPS versus the $2.71 consensus and $1.85 billion in revenue versus $1.83 billion expected; revenue increased 0.9% year over year.
• Analyst sentiment remains cautious, with one Buy rating and eight Holds, producing an overall “Hold” rating and an average price target of $121.29 versus the reported share price of $106.95.

Heartland Advisors Inc. bought a new stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 57,643 shares of the company's stock, valued at approximately $5,459,000. Heartland Advisors Inc. owned 0.09% of Ingredion at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new stake in Ingredion during the 2nd quarter valued at approximately $221,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Ingredion during the second quarter worth $684,000. Denali Advisors LLC purchased a new position in Ingredion during the second quarter valued at $222,000. NewEdge Wealth LLC purchased a new position in Ingredion during the second quarter valued at $556,000. Finally, Foster & Motley Inc. bought a new stake in Ingredion in the 2nd quarter valued at $3,209,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Price Performance

NYSE:INGR opened at $106.95 on Friday. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 11.66, a PEG 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 has a 50 day simple moving average of $100.84 and a 200-day simple moving average of $107.33. Ingredion Incorporated has a 1 year low of $94.44 and a 1 year high of $130.48.

Ingredion (NYSE:INGR - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.11. The firm had revenue of $1.85 billion for 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 revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Equities analysts forecast that Ingredion Incorporated will post 10.6 EPS for the current year.

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 shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the sale, the director owned 19,930 shares of the company's stock, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

INGR has been the subject of several research reports. Benchmark reissued a "buy" rating on shares of Ingredion in a report on Tuesday, June 9th. Weiss Ratings cut Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, July 8th. Oppenheimer cut Ingredion from an "outperform" rating to a "market perform" rating in a report on Monday, June 8th. Barclays lowered their target price on Ingredion from $120.00 to $118.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 5th. Finally, UBS Group boosted their price target on shares of Ingredion from $104.00 to $108.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Ingredion presently has an average rating of "Hold" and an average price target of $121.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source