Algert Global LLC Purchases 45,510 Shares of Ingredion Incorporated $INGR

Algert Global LLC lifted its holdings in Ingredion Incorporated (NYSE:INGR) by 75.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,598 shares of the company’s stock after purchasing an additional 45,510 shares during the period. Algert Global LLC owned about 0.17% of Ingredion worth $12,895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in INGR. AQR Capital Management LLC lifted its holdings in Ingredion by 143.1% during the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after purchasing an additional 701,063 shares in the last quarter. Norges Bank purchased a new stake in shares of Ingredion in the second quarter worth $82,779,000. Snyder Capital Management L P raised its position in shares of Ingredion by 22.0% during the 3rd quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock valued at $161,655,000 after purchasing an additional 238,420 shares during the period. Two Sigma Investments LP raised its position in shares of Ingredion by 118.3% during the 3rd quarter. Two Sigma Investments LP now owns 271,006 shares of the company’s stock valued at $33,093,000 after purchasing an additional 146,874 shares during the period. Finally, Boston Trust Walden Corp lifted its stake in shares of Ingredion by 6,843.0% during the 3rd quarter. Boston Trust Walden Corp now owns 136,915 shares of the company’s stock valued at $16,719,000 after buying an additional 134,943 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Stock Up 1.0%

NYSE INGR opened at $112.41 on Monday. The stock has a 50 day moving average price of $115.82 and a 200-day moving average price of $115.87. Ingredion Incorporated has a one year low of $102.31 and a one year high of $141.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. The company has a market capitalization of $7.07 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.89 and a beta of 0.69.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the company earned $2.63 EPS. Ingredion’s revenue for the quarter was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, equities analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stephens reissued an “equal weight” rating and set a $120.00 price target on shares of Ingredion in a report on Wednesday, February 4th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Finally, Barclays increased their price objective on shares of Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $125.83.

Insider Activity

In other Ingredion news, SVP Larry Fernandes sold 3,630 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total transaction of $429,792.00. Following the sale, the senior vice president directly owned 32,055 shares in the company, valued at $3,795,312. This represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James P. Zallie sold 33,597 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total value of $4,020,217.02. Following the completion of the sale, the chief executive officer directly owned 50,167 shares of the company’s stock, valued at $6,002,983.22. The trade was a 40.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 48,310 shares of company stock valued at $5,741,733. 1.80% of the stock is currently owned by company insiders.

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.