Bank of America Corp DE Invests $50.02 Million in Ingredion Incorporated $INGR

Key Points

• Bank of America initiated a $50.02 million position in Ingredion, buying 528,194 shares, while institutional investors collectively own 85.27% of the company.
• Ingredion exceeded quarterly expectations with adjusted earnings of $2.82 per share and revenue of $1.85 billion, and guided for fiscal 2026 earnings of $10.30–$10.90 per share.
• The company raised its quarterly dividend to $0.83 per share, equivalent to an annualized $3.32 payout and a 3.4% yield. Analysts maintain a consensus “Hold” rating with a $121.29 price target.

Bank of America Corp DE bought a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 528,194 shares of the company's stock, valued at approximately $50,025,000. Bank of America Corp DE owned 0.84% of Ingredion at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in Ingredion during the second quarter worth $618,834,000. Dimensional Fund Advisors LP boosted its stake in shares of Ingredion by 6.0% in 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 boosted its stake in shares of Ingredion by 53.1% in the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company's stock valued at $344,080,000 after purchasing an additional 1,059,324 shares in the last quarter. Cooke & Bieler LP grew its holdings in shares of Ingredion by 33.6% in the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company's stock worth $133,101,000 after purchasing an additional 303,807 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Ingredion by 46.9% in the 1st quarter. Quantinno Capital Management LP now owns 930,771 shares of the company's stock worth $104,861,000 after purchasing an additional 297,007 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company's stock.

Insider Transactions at Ingredion

In other news, Director David Fischer sold 1,662 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the transaction, the director owned 19,930 shares of the company's stock, valued at approximately $2,039,038.30. This trade represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INGR. Oppenheimer downgraded shares of Ingredion from an "outperform" rating to a "market perform" rating in a report on Monday, June 8th. Barclays cut their target price on shares of Ingredion from $120.00 to $118.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 5th. Weiss Ratings lowered 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 report on Tuesday, June 9th. Finally, Zacks Research raised Ingredion from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Ingredion has an average rating of "Hold" and a consensus price target of $121.29.

Ingredion Stock Performance

INGR stock opened at $97.27 on Monday. The company has a 50 day moving average price of $102.35 and a 200 day moving average price of $104.96. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $124.44. 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 stock has a market capitalization of $6.13 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.82 and a beta of 0.62.

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, topping analysts' consensus estimates of $2.71 by $0.11. The company had revenue of $1.85 billion during 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 firm's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Analysts forecast that Ingredion Incorporated will post 10.76 EPS for the current year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Thursday, October 1st. This is a boost from Ingredion's previous quarterly dividend of $0.82. Ingredion's dividend payout ratio is currently 35.77%.

About Ingredion

Ingredion Incorporated NYSE: INGR is a global ingredient solutions company that develops and produces ingredients derived primarily from corn, tapioca, potato and other plant-based sources. Its products are used by food, beverage, brewing, animal nutrition, pharmaceutical, personal care and industrial manufacturers.

The company's portfolio includes starches, sweeteners, fibers, texturizers, specialty ingredients and plant-based proteins. These ingredients help customers improve the taste, texture, nutrition, stability and performance of finished products, including baked goods, dairy products, beverages, confectionery, sauces and other consumer and industrial goods.

Ingredion serves customers across North America, South America, Asia-Pacific, Europe, the Middle East and Africa.

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