The Manufacturers Life Insurance Company Buys New Stake in Ingredion Incorporated $INGR

The Manufacturers Life Insurance Company purchased a new stake in Ingredion Incorporated (NYSE:INGR) during the second quarter, HoldingsChannel.com reports. The fund purchased 44,982 shares of the company’s stock, valued at approximately $4,260,000.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Ingredion during the 2nd quarter valued at about $618,834,000. Dimensional Fund Advisors LP increased its holdings in shares of Ingredion by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after purchasing an additional 175,600 shares during the last quarter. First Trust Advisors LP lifted its position 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 worth $344,080,000 after buying an additional 1,059,324 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Ingredion by 53.3% in the fourth quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after buying an additional 634,900 shares in the last quarter. Finally, Snyder Capital Management L P boosted its stake in Ingredion by 4.4% during the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock valued at $152,355,000 after buying an additional 57,928 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director David B. Fischer sold 1,662 shares of the 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 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 legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

Ingredion Trading Down 1.0%

Shares of NYSE INGR opened at $103.55 on Tuesday. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $130.48. 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 moving average is $101.49 and its two-hundred day moving average is $106.62. The stock has a market capitalization of $6.53 billion, a P/E ratio of 11.29, a PEG ratio of 0.90 and a beta of 0.62.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping 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 analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the business earned $2.87 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, research analysts expect that Ingredion Incorporated will post 10.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INGR. UBS Group raised 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. Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Barclays reduced 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. Finally, Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $121.29.

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.