Coastal Bridge Advisors LLC Acquires Shares of 11,760 Ingredion Incorporated $INGR

Key Points

• Coastal Bridge Advisors acquired 11,760 Ingredion shares worth approximately $1.1 million in the second quarter. Institutional investors collectively own 85.27% of the company.
• Analysts maintain a cautious outlook, with one Buy and eight Hold ratings, resulting in a consensus Hold rating and an average price target of $121.29.
• Ingredion exceeded quarterly expectations, reporting $2.82 in EPS versus a $2.71 estimate and $1.85 billion in revenue. The stock opened at $103.63, near its 50-day average and below its 12-month high of $130.48.

Coastal Bridge Advisors LLC bought a new position in Ingredion Incorporated (NYSE:INGR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,760 shares of the company's stock, valued at approximately $1,114,000.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th. Barclays cut their price objective on shares of Ingredion from $120.00 to $118.00 and set an "equal weight" rating for the company in a report on Wednesday, August 5th. UBS Group lifted their price objective 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. Benchmark reissued a "buy" rating on shares of Ingredion in a report on Tuesday, June 9th. Finally, Oppenheimer downgraded Ingredion from an "outperform" rating to a "market perform" rating in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Ingredion has a consensus rating of "Hold" and an average target price of $121.29.

Ingredion Stock Down 1.1%

INGR stock opened at $103.63 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $6.54 billion, a PE ratio of 11.30, a PEG ratio of 0.90 and a beta of 0.62. Ingredion Incorporated has a twelve month low of $94.44 and a twelve month high of $130.48. The stock has a 50-day simple moving average of $101.25 and a two-hundred day simple moving average of $106.83.

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

Insiders Place Their Bets

In related 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

About Ingredion

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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