NewEdge Wealth LLC Makes New Investment in Ingredion Incorporated $INGR

NewEdge Wealth LLC bought a new stake in shares of Ingredion Incorporated (NYSE:INGR) during the 2nd quarter, HoldingsChannel reports. The firm bought 5,876 shares of the company’s stock, valued at approximately $556,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Ingredion in the 4th quarter valued at about $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of Ingredion during the first quarter worth approximately $33,000. Bell Investment Advisors Inc purchased a new position in Ingredion during the second quarter valued at approximately $34,000. Los Angeles Capital Management LLC purchased a new position in Ingredion during the fourth quarter valued at approximately $36,000. Finally, Root Financial Partners LLC increased its stake in Ingredion by 83.7% in the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after buying an additional 169 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In related news, Director David B. Fischer sold 1,662 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the sale, the director directly owned 19,930 shares in the company, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INGR. Benchmark reiterated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, UBS Group lifted their price objective on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Ingredion currently has an average rating of “Hold” and a consensus price target of $121.29.

Ingredion Price Performance

NYSE INGR opened at $106.95 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $6.74 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 0.92 and a beta of 0.62. Ingredion Incorporated has a 12-month low of $94.44 and a 12-month high of $130.48. The company has a 50 day moving average price of $100.84 and a two-hundred day moving average price of $107.33.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.71 by $0.11. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. Ingredion’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, equities analysts predict that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

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.