Ingredion Incorporated $INGR Shares Bought by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC lifted its position in shares of Ingredion Incorporated (NYSE:INGR) by 170.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,555 shares of the company’s stock after buying an additional 14,215 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Ingredion were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Ingredion in the fourth quarter valued at $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of Ingredion in the 1st quarter worth approximately $33,000. Los Angeles Capital Management LLC purchased a new position in Ingredion during the 4th quarter valued at about $36,000. Bell Investment Advisors Inc purchased a new position in Ingredion in the 2nd quarter valued at about $34,000. Finally, Root Financial Partners LLC increased its stake in Ingredion by 83.7% in the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insider Buying and Selling at Ingredion

In related news, Director David Fischer sold 1,662 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the transaction, the director owned 19,930 shares in the company, valued at $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on INGR shares. Barclays reduced their price target 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 reaffirmed a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Finally, UBS Group increased their price objective on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ingredion has an average rating of “Hold” and an average target price of $121.29.

Ingredion Stock Performance

Ingredion stock traded down $0.46 on Tuesday, reaching $100.80. 749,957 shares of the stock were exchanged, compared to its average volume of 731,488. The stock has a market cap of $6.36 billion, a PE ratio of 10.99, a PEG ratio of 0.86 and a beta of 0.62. The firm has a fifty day moving average price of $102.00 and a two-hundred day moving average price of $106.06. 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 Incorporated has a twelve month low of $94.44 and a twelve month high of $128.63.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company posted $2.87 earnings per share. The company’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. Sell-side analysts anticipate that Ingredion Incorporated will post 10.76 EPS for the current 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.