Ingredion Incorporated $INGR Shares Bought by Quadrature Capital Ltd

Quadrature Capital Ltd grew its position in shares of Ingredion Incorporated (NYSE:INGR) by 20.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,180 shares of the company’s stock after purchasing an additional 1,039 shares during the period. Quadrature Capital Ltd’s holdings in Ingredion were worth $838,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Ingredion in the 2nd quarter valued at about $40,000. Costello Asset Management INC acquired a new stake in shares of Ingredion during the first quarter valued at about $41,000. SouthState Corp acquired a new stake in shares of Ingredion during the first quarter valued at about $41,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Ingredion during the first quarter worth about $41,000. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INGR has been the subject of a number of analyst reports. Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research lowered Ingredion from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Barclays reiterated an “equal weight” rating and set a $124.00 target price (down from $168.00) on shares of Ingredion in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Monday, November 24th. Finally, Industrial Alliance Securities set a $124.00 price target on shares of Ingredion in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $124.33.

Ingredion Price Performance

INGR opened at $107.54 on Monday. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $115.13 and its 200 day moving average price is $126.58. Ingredion Incorporated has a fifty-two week low of $102.31 and a fifty-two week high of $149.84. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, November 4th. The company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.02. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.90 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. As a group, sell-side analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.