California State Teachers Retirement System Purchases 6,791,660 Shares of Ingredion Incorporated $INGR

Key Points

• California State Teachers Retirement System increased its Ingredion stake by 8,842.8% in the second quarter, buying 6.79 million additional shares. It ended the period with 6.87 million shares, worth approximately $650.5 million and representing 10.89% of the company.
• Wall Street maintains a cautious outlook, with one Buy rating and eight Holds. Ingredion’s consensus rating is Hold, with an average price target of $121.29.
• Ingredion exceeded quarterly expectations, reporting $2.82 in EPS versus the $2.71 consensus and $1.85 billion in revenue. The company issued fiscal 2026 EPS guidance of $10.30–$10.90, while shares recently traded near $100.29.

California State Teachers Retirement System grew its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 8,842.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,868,464 shares of the company's stock after purchasing an additional 6,791,660 shares during the period. California State Teachers Retirement System owned approximately 10.89% of Ingredion worth $650,512,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Ingredion during the 4th quarter valued at about $30,000. GHP Investment Advisors Inc. bought a new position in shares of Ingredion in the 1st quarter worth $33,000. Los Angeles Capital Management LLC purchased a new stake in shares of Ingredion during the 4th quarter valued at $36,000. Bell Investment Advisors Inc purchased a new stake in shares of Ingredion during the 2nd quarter valued at $34,000. Finally, Root Financial Partners LLC boosted its holdings in shares of Ingredion by 83.7% in the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 85.27% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ingredion Price Performance

Shares of NYSE INGR opened at $100.29 on Monday. Ingredion Incorporated has a 1 year low of $94.44 and a 1 year high of $127.50. 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 company's 50-day moving average is $102.34 and its 200 day moving average is $105.62. The stock has a market capitalization of $6.32 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.85 and a beta of 0.62.

Ingredion (NYSE:INGR - Get Free Report) last issued 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. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. Ingredion's quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, sell-side analysts expect that Ingredion Incorporated will post 10.76 earnings per share for the current year.

Insider Activity at Ingredion

In other news, Director David Fischer sold 1,662 shares of the 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 sale, the director 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

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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