Cibc World Market Inc. Makes New $5.78 Million Investment in Ingredion Incorporated $INGR

Key Points

• CIBC World Market acquired 60,976 Ingredion shares worth approximately $5.78 million, giving it a 0.10% stake. Institutional investors collectively own 85.27% of the company, with BlackRock also reporting a significant new position.
• Ingredion’s latest quarterly results exceeded expectations, with earnings of $2.82 per share versus the $2.71 consensus and revenue of $1.85 billion. The company guided to fiscal-year 2026 earnings of $10.30–$10.90 per share.
• Analysts maintain a generally neutral outlook: eight rate the stock Hold and one rates it Buy, producing a consensus Hold rating and a $121.29 target price. Shares recently traded near $104.92, down 1.1%.

Cibc World Market Inc. acquired a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 60,976 shares of the company's stock, valued at approximately $5,775,000. Cibc World Market Inc. owned about 0.10% of Ingredion at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Ingredion during the second quarter worth approximately $618,834,000. First Trust Advisors LP grew its position in shares of Ingredion by 53.1% in the first 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 during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Ingredion by 22,036.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company's stock worth $114,351,000 after purchasing an additional 1,032,421 shares during the period. Equity Investment Corp bought a new position in shares of Ingredion during the second quarter worth approximately $82,499,000. Finally, Norges Bank acquired a new stake in Ingredion during the 4th quarter worth approximately $85,310,000. 85.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INGR has been the topic of a number of research reports. Weiss Ratings lowered Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, July 8th. 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 shares of Ingredion from $120.00 to $118.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 5th. UBS Group upped their price target on shares of Ingredion from $104.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Benchmark reiterated a "buy" rating on shares of Ingredion in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ingredion presently has a consensus rating of "Hold" and a consensus target price of $121.29.

Ingredion Trading Down 1.1%

Shares of NYSE:INGR opened at $104.92 on Wednesday. The business's 50 day simple moving average is $101.01 and its 200 day simple moving average is $107.05. Ingredion Incorporated has a 1 year low of $94.44 and a 1 year high of $130.48. 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 has a market capitalization of $6.62 billion, a P/E ratio of 11.44, a P/E/G ratio of 0.91 and a beta of 0.62.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.11. The firm had revenue of $1.85 billion during 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%.The company's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, research analysts anticipate that Ingredion Incorporated will post 10.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David B. Fischer sold 1,662 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares of the company's stock, valued at $2,039,038.30. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

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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