Ingredion Incorporated $INGR Shares Purchased by AXQ Capital LP

AXQ Capital LP raised its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 182.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,986 shares of the company's stock after purchasing an additional 12,904 shares during the quarter. AXQ Capital LP's holdings in Ingredion were worth $1,893,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Ingredion in the second quarter worth approximately $618,834,000. Dimensional Fund Advisors LP grew its position in Ingredion by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company's stock worth $350,952,000 after purchasing an additional 175,600 shares in the last quarter. First Trust Advisors LP raised its stake in Ingredion by 53.1% during 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 during the period. AQR Capital Management LLC lifted its holdings in shares of Ingredion by 53.3% in the fourth quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company's stock valued at $201,337,000 after purchasing an additional 634,900 shares in the last quarter. Finally, Snyder Capital Management L P lifted its holdings in shares of Ingredion by 4.4% in the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company's stock valued at $152,355,000 after purchasing an additional 57,928 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INGR has been the subject of a number of research reports. Benchmark restated a "buy" rating on shares of Ingredion in a research report on Tuesday, June 9th. Weiss Ratings lowered shares of Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 8th. Zacks Research upgraded shares of Ingredion from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. UBS Group boosted their price objective on shares of Ingredion from $104.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Finally, Barclays dropped their price objective on shares of Ingredion from $120.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $121.29.

Insider Activity

In other Ingredion news, Director David Fischer sold 1,662 shares of the stock in a transaction dated 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 $2,039,038.30. This represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Ingredion Stock Performance

Shares of NYSE:INGR opened at $101.30 on Friday. 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 business's fifty day moving average price is $101.88 and its two-hundred day moving average price is $106.26. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $128.98. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.87 and a beta of 0.62.

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

Ingredion Company 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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