Ingredion Incorporated (NYSE:INGR) Short Interest Update

Ingredion Incorporated (NYSE:INGR) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 2,655,083 shares, an increase of 16.5% from the February 12th total of 2,278,574 shares. Currently, 4.3% of the company’s stock are short sold. Based on an average daily volume of 629,749 shares, the short-interest ratio is presently 4.2 days. Based on an average daily volume of 629,749 shares, the short-interest ratio is presently 4.2 days. Currently, 4.3% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

INGR has been the subject of several recent analyst reports. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Barclays upped their price objective on shares of Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Stephens reissued an “equal weight” rating and set a $120.00 price target on shares of Ingredion in a report on Wednesday, February 4th. Finally, Benchmark started coverage on Ingredion in a research report on Tuesday. They set a “buy” rating and a $130.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $126.43.

Ingredion Price Performance

INGR stock opened at $112.97 on Tuesday. The stock’s fifty day simple moving average is $115.85 and its 200-day simple moving average is $115.76. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. Ingredion has a 52-week low of $102.31 and a 52-week high of $141.78. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the firm earned $2.63 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Equities research analysts expect that Ingredion will post 11.14 EPS for the current year.

Insider Buying and Selling at Ingredion

In other news, CEO James P. Zallie sold 33,597 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the sale, the chief executive officer owned 50,167 shares of the company’s stock, valued at approximately $6,002,983.22. This trade represents a 40.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Larry Fernandes sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total value of $429,792.00. Following the sale, the senior vice president owned 32,055 shares of the company’s stock, valued at approximately $3,795,312. The trade was a 10.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 48,310 shares of company stock worth $5,741,733 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ingredion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INGR. Advisortrust Partners LLC acquired a new position in Ingredion in the 4th quarter worth $276,000. Corient Private Wealth LLC boosted its stake in shares of Ingredion by 57.8% during the 4th quarter. Corient Private Wealth LLC now owns 44,113 shares of the company’s stock valued at $4,865,000 after buying an additional 16,150 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Ingredion by 112.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 810 shares of the company’s stock worth $89,000 after buying an additional 429 shares during the last quarter. Kera Capital Partners Inc. bought a new position in Ingredion during the 4th quarter valued at $878,000. Finally, Axxcess Wealth Management LLC increased its position in shares of Ingredion by 21.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,303 shares of the company’s stock worth $254,000 after purchasing an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 85.27% 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.