Syon Capital LLC Sells 7,781 Shares of Ingredion Incorporated $INGR

Syon Capital LLC reduced its position in shares of Ingredion Incorporated (NYSE:INGR) by 74.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,605 shares of the company’s stock after selling 7,781 shares during the quarter. Syon Capital LLC’s holdings in Ingredion were worth $247,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Ingredion during the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. bought a new position in Ingredion in the 1st quarter valued at approximately $33,000. Los Angeles Capital Management LLC bought a new position in Ingredion in the 4th quarter valued at approximately $36,000. Bell Investment Advisors Inc purchased a new stake in Ingredion during the 2nd quarter valued at $34,000. Finally, Root Financial Partners LLC boosted its stake in Ingredion by 83.7% during the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after purchasing an additional 169 shares during the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ingredion

In other Ingredion news, Director David Fischer sold 1,662 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This 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.

Ingredion Stock Down 0.0%

Ingredion stock opened at $100.69 on Thursday. Ingredion Incorporated has a one year low of $94.44 and a one year high of $127.50. The stock has a fifty day moving average of $102.22 and a 200 day moving average of $105.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80. The stock has a market cap of $6.35 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.85 and a beta of 0.62.

Ingredion (NYSE:INGR) last released 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. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the company posted $2.87 EPS. The business’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. As a group, sell-side analysts predict that Ingredion Incorporated will post 10.76 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INGR. UBS Group upped their price target on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Barclays lowered 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 note on Wednesday, August 5th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Benchmark reissued a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $121.29.

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.