Man Group plc Takes Position in Ingredion Incorporated $INGR

Man Group plc purchased a new position in Ingredion Incorporated (NYSE:INGR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 95,043 shares of the company's stock, valued at approximately $9,002,000. Man Group plc owned 0.15% of Ingredion as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of INGR. Fifth Third Wealth Advisors LLC raised its stake in Ingredion by 4.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company's stock worth $250,000 after buying an additional 88 shares in the last quarter. Vista Investment Management boosted its position in Ingredion by 0.8% during the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company's stock valued at $1,463,000 after acquiring an additional 89 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Ingredion by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company's stock valued at $2,789,000 after acquiring an additional 91 shares during the period. Teza Capital Management LLC increased its holdings in shares of Ingredion by 4.2% in the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company's stock valued at $309,000 after acquiring an additional 92 shares during the period. Finally, Murphy Pohlad Asset Management LLC raised its position in shares of Ingredion by 1.2% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company's stock worth $920,000 after acquiring an additional 95 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Benchmark reaffirmed a "buy" rating on shares of Ingredion in a research report on Tuesday, June 9th. Zacks Research upgraded shares of Ingredion from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. Barclays decreased their price target 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. Weiss Ratings cut shares of Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, July 8th. Finally, Oppenheimer downgraded shares of Ingredion from an "outperform" rating to a "market perform" rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $121.29.

Ingredion Trading Up 0.9%

NYSE:INGR opened at $104.46 on Friday. Ingredion Incorporated has a 12 month low of $94.44 and a 12 month high of $130.48. The firm has a fifty day simple moving average of $101.38 and a 200-day simple moving average of $106.82. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $6.59 billion, a P/E ratio of 11.39, a PEG ratio of 0.89 and a beta of 0.62.

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

Insider Transactions at Ingredion

In related news, Director David B. Fischer sold 1,662 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 19,930 shares in the company, 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 SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

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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