Sanctuary Advisors LLC Buys Shares of 19,888 Ingredion Incorporated $INGR

Sanctuary Advisors LLC purchased a new position in Ingredion Incorporated (NYSE:INGR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,888 shares of the company’s stock, valued at approximately $1,884,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its holdings in shares of Ingredion by 32.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after acquiring an additional 514 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ingredion by 63.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock valued at $499,000 after acquiring an additional 1,440 shares during the last quarter. NewEdge Advisors LLC increased its stake in Ingredion by 9.0% in the first quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock valued at $1,310,000 after acquiring an additional 797 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Ingredion by 5.5% during the first quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after purchasing an additional 5,255 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in Ingredion by 5.6% during the first quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock worth $492,000 after purchasing an additional 192 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Analysts Set New Price Targets

INGR has been the subject of a number of research reports. Barclays cut their price objective on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. UBS Group upped their target price on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Finally, Benchmark reissued a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Ingredion has a consensus rating of “Hold” and an average price target of $121.29.

Ingredion Price Performance

Shares of Ingredion stock opened at $104.70 on Thursday. 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 business’s 50 day simple moving average is $101.13 and its two-hundred day simple moving average is $106.95. The stock has a market capitalization of $6.60 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. Ingredion Incorporated has a one year low of $94.44 and a one year high of $130.48.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share 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 firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the firm posted $2.87 earnings per share. 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. Analysts forecast that Ingredion Incorporated will post 10.6 EPS for the current year.

Insider Activity

In related news, Director David B. Fischer sold 1,662 shares of Ingredion stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the sale, 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 legal filing with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Ingredion 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.