Northwestern Mutual Wealth Management Co. Takes Position in Ingredion Incorporated $INGR

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,031 shares of the company’s stock, valued at approximately $476,000.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in Ingredion in the 2nd quarter valued at approximately $618,834,000. First Trust Advisors LP raised its holdings in shares of Ingredion by 53.1% in 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 last quarter. Equity Investment Corp bought a new stake in shares of Ingredion in the second quarter worth $82,499,000. Norges Bank acquired a new position in Ingredion during the fourth quarter worth $85,310,000. Finally, AQR Capital Management LLC grew its position in Ingredion by 143.1% in the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after purchasing an additional 701,063 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

Insider Activity at Ingredion

In related news, Director David B. Fischer sold 1,662 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was 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 in the company, valued at $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 is available through this link. Company insiders own 1.60% of the company’s stock.

Ingredion Price Performance

Shares of NYSE:INGR opened at $104.70 on Thursday. The firm has a 50 day moving average of $101.13 and a 200-day moving average of $106.95. 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. The stock has a market capitalization of $6.60 billion, a PE ratio of 11.42, a PEG ratio of 0.90 and a beta of 0.62.

Ingredion (NYSE:INGR) last announced its quarterly earnings data 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 net margin of 8.21% and a return on equity of 15.40%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm posted $2.87 earnings per share. The firm’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. On average, equities research analysts predict that Ingredion Incorporated will post 10.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays cut their price target 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. UBS Group lifted their target price on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and an average price target 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.