Alpine Woods Capital Investors LLC purchased a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,622 shares of the company's stock, valued at approximately $911,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in Ingredion during the 4th quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new stake in Ingredion in the 1st quarter valued at approximately $33,000. Los Angeles Capital Management LLC acquired a new position in Ingredion during the 4th quarter worth approximately $36,000. Bell Investment Advisors Inc acquired a new position in Ingredion during the 2nd quarter worth approximately $34,000. Finally, Root Financial Partners LLC raised its stake in shares of Ingredion by 83.7% during the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company's stock worth $42,000 after buying an additional 169 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.
Ingredion Trading Up 1.8%
NYSE:INGR opened at $105.46 on Wednesday. The company has a market capitalization of $6.65 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. 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 Incorporated has a 52-week low of $94.44 and a 52-week high of $130.48. The stock has a fifty day simple moving average of $100.52 and a 200-day simple moving average of $107.48.
Ingredion (NYSE:INGR - Get Free Report) last released 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. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the firm earned $2.87 EPS. The business's revenue for the quarter was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, equities research analysts expect that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages recently weighed in on INGR. Zacks Research raised Ingredion from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. Barclays reduced 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. Weiss Ratings lowered shares of Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 8th. Benchmark reaffirmed a "buy" rating on shares of Ingredion in a research note on Tuesday, June 9th. Finally, UBS Group lifted 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. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $121.29.
Get Our Latest Research Report on INGR
Insider Buying and Selling at Ingredion
In other news, Director David B. Fischer sold 1,662 shares of the company'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 sale, the director directly owned 19,930 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.
Ingredion Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding INGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingredion Incorporated (NYSE:INGR - Free Report).

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