Public Employees Retirement System of Ohio Takes Position in Ingredion Incorporated $INGR

Public Employees Retirement System of Ohio bought a new position in Ingredion Incorporated (NYSE:INGR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 19,381 shares of the company’s stock, valued at approximately $1,836,000.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. purchased a new position in Ingredion during the second quarter worth about $618,834,000. Dimensional Fund Advisors LP lifted its stake in Ingredion by 6.0% during 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 in the last quarter. First Trust Advisors LP boosted 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 acquiring an additional 1,059,324 shares during the period. AQR Capital Management LLC grew its holdings 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 valued at $201,337,000 after purchasing an additional 634,900 shares in the last quarter. Finally, Snyder Capital Management L P grew its stake in shares of Ingredion by 4.4% in the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock worth $152,355,000 after acquiring an additional 57,928 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 0.0%

Shares of Ingredion stock opened at $101.30 on Monday. Ingredion Incorporated has a 1 year low of $94.44 and a 1 year high of $128.98. 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 has a 50 day moving average price of $101.88 and a 200 day moving average price of $106.17. The company has a market capitalization of $6.39 billion, a P/E ratio of 11.05, a P/E/G ratio of 0.86 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 for the quarter, topping the consensus estimate of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the business posted $2.87 earnings per share. Ingredion’s revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Sell-side analysts anticipate that Ingredion Incorporated will post 10.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on INGR shares. Barclays cut 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. Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. UBS Group raised their price objective on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Benchmark reaffirmed a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $121.29.

Insiders Place Their Bets

In related news, Director David Fischer sold 1,662 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. The trade was a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

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.