Ingredion Incorporated $INGR Shares Bought by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Ingredion Incorporated by 27.0% in the first quarter, now owning approximately 0.13% of the company valued at $11.66 million.
• Several institutional investors have significantly increased their holdings in Ingredion, including Caisse DE Depot ET Placement DU Quebec with a 327.2% increase, and Deutsche Bank AG with a 766.7% increase in the same period.
• Ingredion's latest quarterly earnings report showed an EPS of $2.87, beating estimates, although revenues declined by 2.4% year-over-year.

Brandywine Global Investment Management LLC raised its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 27.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,207 shares of the company's stock after acquiring an additional 18,326 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.13% of Ingredion worth $11,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its position in shares of Ingredion by 1.9% during the 4th quarter. First Trust Advisors LP now owns 583,081 shares of the company's stock worth $80,209,000 after buying an additional 10,703 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Ingredion in the 1st quarter valued at $646,000. Jupiter Asset Management Ltd. increased its stake in Ingredion by 38.2% in the 1st quarter. Jupiter Asset Management Ltd. now owns 342,190 shares of the company's stock valued at $46,268,000 after buying an additional 94,575 shares during the period. Brown Advisory Inc. increased its stake in Ingredion by 8.4% in the 1st quarter. Brown Advisory Inc. now owns 2,318 shares of the company's stock valued at $313,000 after buying an additional 180 shares during the period. Finally, Transcend Capital Advisors LLC increased its stake in Ingredion by 156.7% in the 1st quarter. Transcend Capital Advisors LLC now owns 11,086 shares of the company's stock valued at $1,499,000 after buying an additional 6,768 shares during the period. Institutional investors and hedge funds own 85.27% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on INGR shares. UBS Group increased their price target on shares of Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Wall Street Zen cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Ingredion has an average rating of "Hold" and an average target price of $151.40.

Ingredion Stock Up 0.7%

Shares of INGR stock traded up $0.8280 during mid-day trading on Thursday, reaching $127.5780. 550,570 shares of the company were exchanged, compared to its average volume of 522,831. Ingredion Incorporated has a fifty-two week low of $120.51 and a fifty-two week high of $155.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78. The company has a market capitalization of $8.19 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.01 and a beta of 0.71. The business's 50 day simple moving average is $133.00 and its 200 day simple moving average is $132.73.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.09. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company earned $2.87 earnings per share. The business's quarterly revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Research analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Insiders Place Their Bets

In other Ingredion news, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction on Monday, August 4th. The shares were sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the transaction, the senior vice president owned 31,171 shares of the company's stock, valued at $4,002,044.69. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James P. Zallie sold 36,287 shares of Ingredion stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the completion of the transaction, the chief executive officer directly owned 50,129 shares of the company's stock, valued at approximately $6,342,321.08. This represents a 41.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,137 shares of company stock valued at $4,700,163. 2.30% of the stock is currently owned by corporate insiders.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.