Murphy Pohlad Asset Management LLC boosted its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 170.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,555 shares of the company's stock after buying an additional 14,215 shares during the period. Murphy Pohlad Asset Management LLC's holdings in Ingredion were worth $2,136,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi grew its holdings in Ingredion by 19.4% during the 1st quarter. Amundi now owns 142,282 shares of the company's stock worth $16,029,000 after acquiring an additional 23,122 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Ingredion by 22,036.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company's stock worth $114,351,000 after buying an additional 1,032,421 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Ingredion in the 2nd quarter worth about $1,355,000. Cooke & Bieler LP lifted its stake in Ingredion by 33.6% in the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company's stock valued at $133,101,000 after purchasing an additional 303,807 shares during the last quarter. Finally, ING Groep NV purchased a new stake in shares of Ingredion during the fourth quarter worth $6,825,000. Institutional investors own 85.27% of the company's stock.
Insider Activity at Ingredion
In related news, Director David Fischer sold 1,662 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director directly 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 filing with the SEC, which is available at this link. Insiders own 1.60% of the company's stock.
Ingredion Price Performance
INGR traded down $0.46 during trading on Tuesday, hitting $100.80. 749,957 shares of the company traded hands, compared to its average volume of 731,488. The stock's 50-day simple moving average is $102.00 and its two-hundred day simple moving average is $106.06. Ingredion Incorporated has a 1 year low of $94.44 and a 1 year high of $128.63. The company has a market cap of $6.36 billion, a PE ratio of 10.99, a P/E/G ratio of 0.86 and a beta of 0.62. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39.
Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company's revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $2.87 EPS. 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 10.76 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently commented on INGR. Barclays reduced their target price on shares of Ingredion from $120.00 to $118.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 5th. UBS Group upped their price target on shares of Ingredion from $104.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Zacks Research raised shares of Ingredion from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Benchmark reaffirmed a "buy" rating on shares of Ingredion in a report on Tuesday, June 9th. Finally, Oppenheimer lowered 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 issued a Hold rating to the company's stock. According to MarketBeat.com, Ingredion presently has an average rating of "Hold" and a consensus price target of $121.29.
Check Out Our Latest Stock Report on Ingredion
About Ingredion
(
Free Report)
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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