Kingsview Wealth Management LLC Acquires New Shares in Ingredion Incorporated $INGR

Kingsview Wealth Management LLC acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 46,722 shares of the company’s stock, valued at approximately $4,425,000. Kingsview Wealth Management LLC owned about 0.07% of Ingredion as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of INGR. Fifth Third Wealth Advisors LLC grew its holdings in shares of Ingredion by 4.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock worth $250,000 after purchasing an additional 88 shares during the last quarter. Vista Investment Management raised its holdings in Ingredion by 0.8% in the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after buying an additional 89 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Ingredion by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock worth $2,789,000 after acquiring an additional 91 shares during the last quarter. Teza Capital Management LLC increased its position in Ingredion by 4.2% in the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after acquiring an additional 92 shares during the period. Finally, Murphy Pohlad Asset Management LLC increased its position in Ingredion by 1.2% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock valued at $920,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

INGR has been the topic of a number of recent research reports. Weiss Ratings lowered shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. UBS Group lifted their target price on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Finally, Barclays lowered their price objective on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Ingredion presently has an average rating of “Hold” and an average target price of $121.29.

Insider Activity

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

Ingredion Trading Up 0.9%

INGR opened at $104.46 on Friday. Ingredion Incorporated has a twelve month low of $94.44 and a twelve month high of $130.48. The company has a fifty day moving average of $101.38 and a 200-day moving average of $106.82. The stock has a market cap of $6.59 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.89 and a beta of 0.62. 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 released its 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 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 analyst estimates of $1.83 billion. During the same quarter in the previous year, the business earned $2.87 earnings per share. Ingredion’s revenue for the quarter was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, sell-side analysts predict that Ingredion Incorporated will post 10.6 EPS for the current year.

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.