Syon Capital LLC Sells 7,781 Shares of Ingredion Incorporated $INGR

Syon Capital LLC decreased its stake in Ingredion Incorporated (NYSE:INGR) by 74.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,605 shares of the company’s stock after selling 7,781 shares during the period. Syon Capital LLC’s holdings in Ingredion were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Ingredion in the 2nd quarter worth approximately $618,834,000. First Trust Advisors LP lifted its holdings in Ingredion by 53.1% during the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after purchasing an additional 1,059,324 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in 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. Equity Investment Corp bought a new position in shares of Ingredion in the second quarter worth approximately $82,499,000. Finally, Norges Bank purchased a new stake in shares of Ingredion in the fourth quarter worth $85,310,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays decreased their price objective on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 5th. Benchmark reissued a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. UBS Group upped their price objective on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $121.29.

Insider Activity

In related news, Director David Fischer sold 1,662 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of the transaction, the director directly owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Ingredion Price Performance

Shares of NYSE:INGR opened at $100.69 on Thursday. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 0.85 and a beta of 0.62. The firm has a fifty day moving average price of $102.22 and a 200 day moving average price of $105.84. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $127.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80.

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, beating analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm posted $2.87 EPS. Ingredion’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. As a group, sell-side analysts expect that Ingredion Incorporated will post 10.76 earnings per share for the current fiscal year.

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.