Creative Planning Has $1.90 Million Position in Ingredion Incorporated $INGR

Creative Planning boosted its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 15.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,015 shares of the company’s stock after acquiring an additional 1,865 shares during the quarter. Creative Planning’s holdings in Ingredion were worth $1,901,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Wealthspire Advisors LLC raised its holdings in shares of Ingredion by 5.8% during the 1st quarter. Wealthspire Advisors LLC now owns 1,685 shares of the company’s stock valued at $228,000 after purchasing an additional 92 shares in the last quarter. Amalgamated Bank raised its holdings in Ingredion by 0.3% during the second quarter. Amalgamated Bank now owns 30,187 shares of the company’s stock valued at $4,094,000 after buying an additional 93 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Ingredion by 0.6% in the second quarter. State of Michigan Retirement System now owns 15,488 shares of the company’s stock worth $2,100,000 after buying an additional 100 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Ingredion by 41.2% during the 1st quarter. Bell Investment Advisors Inc now owns 346 shares of the company’s stock valued at $47,000 after acquiring an additional 101 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Ingredion by 3.7% during the 2nd quarter. ProShare Advisors LLC now owns 2,851 shares of the company’s stock valued at $387,000 after acquiring an additional 103 shares during the last quarter. 85.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Stephens decreased their target price on Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Oppenheimer set a $136.00 price objective on shares of Ingredion in a report on Wednesday, October 22nd. Barclays reiterated an “equal weight” rating and issued a $124.00 target price (down from $168.00) on shares of Ingredion in a research note on Thursday, November 6th. UBS Group cut their target price on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Monday. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $124.33.

Ingredion Stock Up 0.4%

INGR stock opened at $107.67 on Thursday. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $150.00. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.84 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72. The business’s 50-day simple moving average is $115.76 and its 200 day simple moving average is $127.06.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.02. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.90 billion. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, research analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current year.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.