Ingredion Incorporated $INGR Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in Ingredion Incorporated (NYSE:INGR) by 8.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,462 shares of the company’s stock after purchasing an additional 1,018 shares during the quarter. Cetera Investment Advisers’ holdings in Ingredion were worth $1,690,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in Ingredion by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after buying an additional 227 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Ingredion during the second quarter valued at about $40,000. Costello Asset Management INC purchased a new stake in shares of Ingredion in the 1st quarter valued at approximately $41,000. SouthState Corp purchased a new stake in shares of Ingredion in the 1st quarter valued at approximately $41,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Ingredion in the 1st quarter worth approximately $41,000. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingredion Trading Down 0.0%

INGR opened at $107.54 on Monday. Ingredion Incorporated has a 12 month low of $102.31 and a 12 month high of $149.84. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 0.95 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. The business has a fifty day moving average price of $115.13 and a 200 day moving average price of $126.58.

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, beating analysts’ consensus estimates of $2.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.90 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. Sell-side analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INGR has been the subject of several research reports. BMO Capital Markets dropped their target price on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Zacks Research cut Ingredion from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Wall Street Zen lowered Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Oppenheimer set a $136.00 target price on Ingredion in a report on Wednesday, October 22nd. Finally, Industrial Alliance Securities set a $124.00 price target on shares of Ingredion in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $124.33.

Ingredion Company Profile

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.