Caisse de depot et placement du Quebec Takes Position in Ingredion Incorporated $INGR

Caisse de depot et placement du Quebec bought a new position in Ingredion Incorporated (NYSE:INGR) during the 2nd quarter, Holdings Channel reports. The firm bought 651,504 shares of the company’s stock, valued at approximately $61,704,000.

A number of other large investors have also bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in Ingredion during the 4th quarter valued at $30,000. GHP Investment Advisors Inc. acquired a new position in Ingredion in the first quarter worth $33,000. Los Angeles Capital Management LLC bought a new stake in shares of Ingredion during the fourth quarter worth $36,000. Bell Investment Advisors Inc bought a new stake in shares of Ingredion during the second quarter worth $34,000. Finally, Root Financial Partners LLC increased its stake 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 buying an additional 169 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

Ingredion Price Performance

Shares of INGR stock opened at $103.63 on Friday. The firm’s 50 day moving average price is $101.25 and its two-hundred day moving average price is $106.83. 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 Incorporated has a 52-week low of $94.44 and a 52-week high of $130.48. The stock has a market cap of $6.54 billion, a PE ratio of 11.30, a PEG ratio of 0.90 and a beta of 0.62.

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

Insider Activity at Ingredion

In related news, Director David B. Fischer sold 1,662 shares of Ingredion stock in a transaction 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 sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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