Jupiter Topco LLC Purchases Shares of 26,662 Ingredion Incorporated $INGR

Key Points

• Jupiter Topco acquired 26,662 Ingredion shares worth approximately $2.53 million in the second quarter. Other institutions also initiated positions, bringing institutional and hedge-fund ownership to 85.27%.
• Ingredion exceeded quarterly expectations, reporting $2.82 in EPS versus the $2.71 consensus and $1.85 billion in revenue versus $1.83 billion expected. The company guided to fiscal 2026 EPS of $10.30–$10.90.
• Analyst sentiment remains cautious: eight analysts rate the stock Hold and one rates it Buy, producing an overall Hold rating and an average price target of $121.29, compared with a recent price of $102.66.

Jupiter Topco LLC acquired a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 26,662 shares of the company's stock, valued at approximately $2,526,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC purchased a new stake in Ingredion during the second quarter valued at $1,355,000. Legal & General Group Plc bought a new stake in shares of Ingredion in the 2nd quarter worth about $8,290,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Ingredion during the 2nd quarter valued at about $4,260,000. Cibc World Market Inc. bought a new position in shares of Ingredion in the 2nd quarter valued at about $5,775,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Ingredion in the 2nd quarter valued at about $1,884,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Price Performance

INGR opened at $102.66 on Thursday. The business has a fifty day moving average of $101.71 and a 200 day moving average of $106.41. The stock has a market cap of $6.47 billion, a P/E ratio of 11.20, a PEG ratio of 0.89 and a beta of 0.62. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $128.98.

Ingredion (NYSE:INGR - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share 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 the consensus estimate of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The business's revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company earned $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, sell-side analysts anticipate that Ingredion Incorporated will post 10.6 EPS for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

INGR has been the topic of several analyst reports. Benchmark reissued a "buy" rating on shares of Ingredion in a research note on Tuesday, June 9th. Barclays cut their target price on 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 lowered shares of Ingredion from an "outperform" rating to a "market perform" rating in a research note on Monday, June 8th. UBS Group increased their target price 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, Zacks Research upgraded shares of Ingredion from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Ingredion has an average rating of "Hold" and an average target price of $121.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source