Squarepoint Ops LLC Buys New Position in Ingredion Incorporated $INGR

Key Points

• Squarepoint Ops LLC acquired 243,995 Ingredion shares worth approximately $23.1 million, giving it a 0.39% stake. Institutional investors collectively own 85.27% of the company.
• Ingredion exceeded quarterly expectations with EPS of $2.82 versus the $2.71 estimate and revenue of $1.85 billion. The company reaffirmed fiscal 2026 EPS guidance of $10.30–$10.90.
• Analyst sentiment remains cautious, with one Buy rating and eight Holds, resulting in a consensus Hold rating and a $121.29 price target.

Squarepoint Ops LLC purchased a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 243,995 shares of the company's stock, valued at approximately $23,109,000. Squarepoint Ops LLC owned about 0.39% of Ingredion as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Murphy Pohlad Asset Management LLC raised its stake in shares of Ingredion by 170.4% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 22,555 shares of the company's stock valued at $2,136,000 after buying an additional 14,215 shares in the last quarter. Nykredit A S bought a new stake in Ingredion in the second quarter valued at about $215,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Ingredion in the second quarter valued at about $398,000. California State Teachers Retirement System raised its position in Ingredion by 8,842.8% in the second quarter. California State Teachers Retirement System now owns 6,868,464 shares of the company's stock worth $650,512,000 after purchasing an additional 6,791,660 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in Ingredion by 42.4% during the second quarter. HB Wealth Management LLC now owns 9,568 shares of the company's stock worth $906,000 after purchasing an additional 2,849 shares during the period. 85.27% of the stock is owned by institutional investors.

Ingredion Price Performance

INGR opened at $100.80 on Wednesday. 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 stock has a market capitalization of $6.36 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62. The company's 50 day simple moving average is $102.12 and its 200-day simple moving average is $105.95. Ingredion Incorporated has a one year low of $94.44 and a one year high of $128.63.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings data 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. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same period in the previous year, the business posted $2.87 EPS. The company's quarterly revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Sell-side analysts anticipate that Ingredion Incorporated will post 10.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, July 8th. Benchmark reissued a "buy" rating on shares of Ingredion in a report on Tuesday, June 9th. Oppenheimer downgraded Ingredion from an "outperform" rating to a "market perform" rating in a research report on Monday, June 8th. Barclays decreased their price target on Ingredion from $120.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded Ingredion from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $121.29.

Insider Transactions at Ingredion

In other Ingredion news, Director David Fischer sold 1,662 shares of the firm'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 owned 19,930 shares in the company, valued at approximately $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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