NewEdge Wealth LLC Takes Position in Ingredion Incorporated $INGR

NewEdge Wealth LLC acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,876 shares of the company’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Amundi grew its stake in shares of Ingredion by 19.4% in the first quarter. Amundi now owns 142,282 shares of the company’s stock worth $16,029,000 after purchasing an additional 23,122 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Ingredion by 22,036.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock valued at $114,351,000 after purchasing an additional 1,032,421 shares in the last quarter. Cooke & Bieler LP raised its stake in shares of Ingredion by 33.6% during the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after purchasing an additional 303,807 shares in the last quarter. ING Groep NV acquired a new stake in Ingredion in the fourth quarter worth about $6,825,000. Finally, Norges Bank acquired a new stake in Ingredion in the fourth quarter worth about $85,310,000. 85.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Ingredion Price Performance

INGR stock opened at $106.95 on Friday. Ingredion Incorporated has a one year low of $94.44 and a one year high of $130.48. The firm has a 50-day moving average of $100.84 and a two-hundred day moving average of $107.33. The firm has a market capitalization of $6.74 billion, a PE ratio of 11.66, a P/E/G ratio of 0.92 and a beta of 0.62. 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 released its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share 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 business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $2.87 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, analysts forecast that Ingredion Incorporated will post 10.6 earnings per share for the current year.

Insider Buying and Selling

In other Ingredion news, Director David B. Fischer sold 1,662 shares of Ingredion stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director directly owned 19,930 shares in the company, valued at approximately $2,039,038.30. The trade was a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Ingredion 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.