Equity Investment Corp Takes Position in Ingredion Incorporated $INGR

Equity Investment Corp acquired a new stake in shares of Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 871,065 shares of the company’s stock, valued at approximately $82,499,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INGR. Vanguard Group Inc. lifted its stake in shares of Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock valued at $825,556,000 after buying an additional 208,606 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Ingredion during the 2nd quarter worth approximately $618,834,000. Dimensional Fund Advisors LP lifted its stake in shares of 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 acquiring an additional 175,600 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Ingredion by 53.1% during the first 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. Finally, AQR Capital Management LLC grew its stake in Ingredion by 53.3% in the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after acquiring an additional 634,900 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INGR. Weiss Ratings downgraded shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. UBS Group lifted their target price on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Barclays decreased their price objective 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. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $121.29.

Insider Buying and Selling at Ingredion

In other Ingredion news, Director David B. Fischer sold 1,662 shares of the company’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 owned 19,930 shares in the company, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Ingredion Price Performance

Ingredion stock opened at $105.46 on Wednesday. The stock has a market cap of $6.65 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The company has a fifty day simple moving average of $100.52 and a 200-day simple moving average of $107.48. Ingredion Incorporated has a 12-month low of $94.44 and a 12-month high of $130.48. 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) last posted 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 firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter 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. Equities analysts expect that Ingredion Incorporated will post 10.6 EPS for the current fiscal year.

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.