Boston Partners Grows Stake in Ingredion Incorporated $INGR

Boston Partners increased its holdings in Ingredion Incorporated (NYSE:INGR) by 29.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 354,618 shares of the company’s stock after buying an additional 80,767 shares during the period. Boston Partners owned 0.55% of Ingredion worth $47,662,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its stake in Ingredion by 65.3% in the 1st quarter. HB Wealth Management LLC now owns 2,647 shares of the company’s stock worth $358,000 after acquiring an additional 1,046 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ingredion by 1.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,735 shares of the company’s stock valued at $2,263,000 after acquiring an additional 244 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Ingredion by 20.1% during the first quarter. Mackenzie Financial Corp now owns 12,295 shares of the company’s stock worth $1,662,000 after purchasing an additional 2,054 shares in the last quarter. Foundations Investment Advisors LLC increased its position in shares of Ingredion by 133.9% in the first quarter. Foundations Investment Advisors LLC now owns 4,785 shares of the company’s stock worth $647,000 after purchasing an additional 2,739 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Ingredion in the first quarter worth approximately $116,000. Institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 0.4%

NYSE INGR opened at $107.67 on Friday. The firm 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. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $150.00. The stock has a 50-day moving average of $115.43 and a 200-day moving average of $126.92. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41.

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

Wall Street Analysts Forecast Growth

INGR has been the subject of several research analyst reports. Industrial Alliance Securities set a $124.00 target price on shares of Ingredion in a research report on Thursday, November 6th. Oppenheimer set a $136.00 price target on shares of Ingredion in a report on Wednesday, October 22nd. Stephens dropped their price objective on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Wall Street Zen lowered shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research note on Monday. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $124.33.

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.