Ruggaard & Associates LLC Acquires Shares of 6,357 Ingredion Incorporated $INGR

Ruggaard & Associates LLC bought a new stake in shares of Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,357 shares of the company’s stock, valued at approximately $602,000.

Several other institutional investors have also modified their holdings of INGR. Fifth Third Wealth Advisors LLC boosted its holdings in Ingredion by 4.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock valued at $250,000 after purchasing an additional 88 shares during the last quarter. Vista Investment Management increased its holdings in Ingredion by 0.8% during the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock worth $1,463,000 after purchasing an additional 89 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ingredion by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock valued at $2,789,000 after buying an additional 91 shares during the last quarter. Teza Capital Management LLC grew its position in shares of Ingredion by 4.2% during the second quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after buying an additional 92 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC grew its position in shares of Ingredion by 1.2% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock worth $920,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Stock Down 1.1%

NYSE:INGR opened at $103.63 on Friday. The firm has a market capitalization of $6.54 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The stock has a 50 day moving average of $101.25 and a 200-day moving average of $106.83. Ingredion Incorporated has a 52 week low of $94.44 and a 52 week high of $130.48. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) 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 business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the business posted $2.87 EPS. The business’s revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Analysts predict that Ingredion Incorporated will post 10.6 EPS for the current year.

Insiders Place Their Bets

In other Ingredion news, Director David B. Fischer sold 1,662 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the sale, the director directly owned 19,930 shares in the company, valued at approximately $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on INGR shares. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Barclays dropped their target price on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report 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. Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Finally, Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Ingredion presently has a consensus rating of “Hold” and an average target price of $121.29.

About Ingredion

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.