Commerce Bank Takes Position in Ingredion Incorporated $INGR

Commerce Bank purchased a new stake in shares of Ingredion Incorporated (NYSE:INGR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 7,930 shares of the company’s stock, valued at approximately $751,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INGR. International Assets Investment Management LLC purchased a new position in Ingredion in the 4th quarter valued at about $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of Ingredion during the first quarter valued at about $33,000. Bell Investment Advisors Inc purchased a new stake in shares of Ingredion during the second quarter worth about $34,000. Los Angeles Capital Management LLC purchased a new stake in shares of Ingredion during the fourth quarter worth about $36,000. Finally, Root Financial Partners LLC lifted its stake in shares of Ingredion by 83.7% in the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after acquiring an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays reduced their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Weiss Ratings downgraded shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Finally, UBS Group lifted their price target on shares of Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $121.29.

Insider Buying and Selling at Ingredion

In related news, Director David B. 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 transaction of $170,039.22. Following the completion of the sale, the director owned 19,930 shares of the company’s stock, 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 accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Ingredion Stock Performance

Shares of INGR opened at $104.70 on Thursday. The stock has a market capitalization of $6.60 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The business’s fifty day moving average price is $101.13 and its 200 day moving average price is $106.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. Ingredion Incorporated has a 12-month low of $94.44 and a 12-month high of $130.48.

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

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.