Bank of America Corp DE Acquires 47,057 Shares of Ingredion Incorporated $INGR

Key Points

• Bank of America increased its Ingredion stake by 10.3% in the first quarter, acquiring 47,057 shares and holding 501,948 shares worth approximately $56.5 million. Institutional investors collectively own 85.27% of the company.
• Analyst sentiment remains cautious, with one Buy rating and eight Hold ratings; the consensus rating is Hold with a target price of $121.29. Barclays also lowered its target from $120 to $118.
• Ingredion exceeded quarterly earnings expectations, reporting $2.82 in EPS versus $2.71 expected and $1.85 billion in revenue. The company maintained 2026 EPS guidance of $10.30–$10.90 and pays a quarterly dividend of $0.82, yielding about 3.1%.

Bank of America Corp DE boosted its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 501,948 shares of the company's stock after buying an additional 47,057 shares during the quarter. Bank of America Corp DE owned approximately 0.80% of Ingredion worth $56,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in Ingredion during the 4th quarter valued at $30,000. GHP Investment Advisors Inc. bought a new position in shares of Ingredion in the first quarter valued at about $33,000. Los Angeles Capital Management LLC acquired a new stake in shares of Ingredion during the 4th quarter worth about $36,000. Root Financial Partners LLC lifted 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ingredion by 166.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company's stock worth $47,000 after buying an additional 238 shares during the period. Institutional investors own 85.27% of the company's stock.

Insider Activity at Ingredion

In other news, Director David B. Fischer sold 1,662 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Weiss Ratings lowered shares of Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th. Oppenheimer downgraded shares of Ingredion from an "outperform" rating to a "market perform" rating in a research report on Monday, June 8th. Benchmark reaffirmed a "buy" rating on shares of Ingredion in a research report on Tuesday, June 9th. Zacks Research upgraded Ingredion from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Finally, Barclays dropped their price target on Ingredion from $120.00 to $118.00 and set an "equal weight" rating for the company in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $121.29.

Ingredion Stock Performance

NYSE:INGR opened at $104.75 on Wednesday. The stock has a fifty day moving average price of $100.09 and a 200-day moving average price of $107.90. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.89 and a beta of 0.62. 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 Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $130.48.

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

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Ingredion's dividend payout ratio (DPR) is currently 35.77%.

Ingredion 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.

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