Ingredion Incorporated $INGR Stock Holdings Lifted by Tidal Investments LLC

Tidal Investments LLC increased its position in shares of Ingredion Incorporated (NYSE:INGR) by 12.7% during the second quarter, Holdings Channel reports. The fund owned 61,636 shares of the company’s stock after acquiring an additional 6,951 shares during the quarter. Tidal Investments LLC’s holdings in Ingredion were worth $5,792,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. WINTON GROUP Ltd acquired a new position in Ingredion in the 2nd quarter worth approximately $909,000. Squarepoint Ops LLC acquired a new stake in Ingredion during the 2nd quarter valued at $23,109,000. Murphy Pohlad Asset Management LLC raised its stake in Ingredion by 170.4% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 22,555 shares of the company’s stock valued at $2,136,000 after purchasing an additional 14,215 shares during the period. Nykredit A S purchased a new stake in shares of Ingredion in the second quarter valued at $215,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Ingredion in the second quarter valued at $398,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In related news, Director David Fischer sold 1,662 shares of the company’s 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 completion of the sale, the director directly owned 19,930 shares in the company, 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 document filed with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on INGR shares. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Barclays decreased their price objective on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. UBS Group upped their target price on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Benchmark reissued a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Ingredion presently has a consensus rating of “Hold” and a consensus target price of $121.29.

Ingredion Price Performance

Shares of INGR opened at $100.29 on Monday. 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 firm has a market cap of $6.32 billion, a PE ratio of 10.94, a PEG ratio of 0.85 and a beta of 0.62. The firm’s 50 day moving average price is $102.34 and its 200 day moving average price is $105.62. Ingredion Incorporated has a twelve month low of $94.44 and a twelve month high of $127.50.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The company 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 firm posted $2.87 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Ingredion Incorporated will post 10.76 EPS for the current fiscal year.

Ingredion Company Profile

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces ingredients derived primarily from corn, tapioca, potato and other plant-based sources. Its products are used by food, beverage, brewing, animal nutrition, pharmaceutical, personal care and industrial manufacturers.

The company’s portfolio includes starches, sweeteners, fibers, texturizers, specialty ingredients and plant-based proteins. These ingredients help customers improve the taste, texture, nutrition, stability and performance of finished products, including baked goods, dairy products, beverages, confectionery, sauces and other consumer and industrial goods.

Ingredion serves customers across North America, South America, Asia-Pacific, Europe, the Middle East and Africa.