Heartland Advisors Inc. Invests $5.46 Million in Ingredion Incorporated $INGR

Heartland Advisors Inc. purchased a new position in shares of Ingredion Incorporated (NYSE:INGR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 57,643 shares of the company’s stock, valued at approximately $5,459,000.

A number of other large investors also recently bought and sold shares of INGR. Vanguard Group Inc. increased its stake in Ingredion by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after purchasing an additional 208,606 shares during the period. BlackRock Inc. purchased a new position in Ingredion in the 2nd quarter worth about $618,834,000. Dimensional Fund Advisors LP increased its stake in Ingredion by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after buying an additional 175,600 shares during the period. First Trust Advisors LP lifted its holdings in Ingredion by 53.1% during the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after buying an additional 1,059,324 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Ingredion by 53.3% in the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock valued at $201,337,000 after buying an additional 634,900 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Stock Down 0.1%

Ingredion stock opened at $106.95 on Friday. The business has a fifty day moving average of $100.84 and a two-hundred day moving average of $107.33. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. The firm has a market cap of $6.74 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.92 and a beta of 0.62. Ingredion Incorporated has a twelve month low of $94.44 and a twelve month high of $130.48.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11. The business 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 business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, analysts forecast that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Insider Transactions at Ingredion

In other Ingredion news, Director David B. Fischer sold 1,662 shares of Ingredion stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the transaction, the director 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 Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on INGR shares. 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 research report on Wednesday, August 5th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Benchmark reiterated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Finally, Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ingredion presently has a consensus 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.