Foster & Motley Inc. Purchases Shares of 33,882 Ingredion Incorporated $INGR

Foster & Motley Inc. acquired a new stake in Ingredion Incorporated (NYSE:INGR) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 33,882 shares of the company’s stock, valued at approximately $3,209,000. Foster & Motley Inc. owned approximately 0.05% of Ingredion as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in INGR. International Assets Investment Management LLC bought a new position in shares of Ingredion during the fourth quarter valued at $30,000. GHP Investment Advisors Inc. purchased a new position in shares of Ingredion during the 1st quarter worth about $33,000. Bell Investment Advisors Inc bought a new position in Ingredion in the 2nd quarter worth about $34,000. Los Angeles Capital Management LLC purchased a new position in Ingredion during the 4th quarter worth $36,000. Finally, Root Financial Partners LLC raised its holdings in shares of 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 acquiring an additional 169 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ingredion

In other news, Director David B. Fischer sold 1,662 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares of the company’s stock, valued at $2,039,038.30. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Ingredion Stock Up 1.8%

Ingredion stock opened at $105.46 on Wednesday. Ingredion Incorporated has a 52 week low of $94.44 and a 52 week high of $130.48. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The business’s 50-day moving average price is $100.52 and its 200 day moving average price is $107.48. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.71 by $0.11. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, sell-side analysts anticipate that Ingredion Incorporated will post 10.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INGR. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Barclays lowered their target price on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Finally, UBS Group raised their target price on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $121.29.

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.