Caisse de depot et placement du Quebec Buys Shares of 651,504 Ingredion Incorporated $INGR

Caisse de depot et placement du Quebec purchased a new position in Ingredion Incorporated (NYSE:INGR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 651,504 shares of the company’s stock, valued at approximately $61,704,000. Caisse de depot et placement du Quebec owned about 1.03% of Ingredion at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC raised its stake in shares of Ingredion by 4.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock valued at $250,000 after acquiring an additional 88 shares in the last quarter. Vista Investment Management grew its holdings in Ingredion by 0.8% during the second quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after purchasing an additional 89 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Ingredion by 0.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock valued at $2,789,000 after purchasing an additional 91 shares during the last quarter. Teza Capital Management LLC raised its position in shares of Ingredion by 4.2% in the second quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after purchasing an additional 92 shares during the period. Finally, Murphy Pohlad Asset Management LLC raised its position in shares of Ingredion by 1.2% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock valued at $920,000 after purchasing an additional 95 shares during the period. Institutional investors own 85.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on INGR. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Barclays dropped their target price on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings cut 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. Finally, UBS Group increased their target price on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $121.29.

Ingredion Stock Performance

NYSE INGR opened at $103.63 on Friday. The stock has a market cap of $6.54 billion, a P/E ratio of 11.30, a PEG ratio of 0.90 and a beta of 0.62. The company’s 50-day simple moving average is $101.25 and its 200 day simple moving average is $106.83. Ingredion Incorporated has a twelve month low of $94.44 and a twelve month high of $130.48. 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 announced its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, research analysts forecast that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David B. Fischer sold 1,662 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares in the company, valued at $2,039,038.30. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

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.