Deutsche Bank AG Invests $2.97 Million in Ingredion Incorporated $INGR

Deutsche Bank AG purchased a new stake in Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 31,376 shares of the company’s stock, valued at approximately $2,972,000.

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

Insider Activity at Ingredion

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 shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Ingredion Price Performance

Shares of NYSE INGR opened at $104.70 on Thursday. The stock has a market cap of $6.60 billion, a P/E ratio of 11.42, a P/E/G ratio of 0.90 and a beta of 0.62. The firm’s 50-day simple moving average is $101.13 and its 200 day simple moving average is $106.95. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week 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 released its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the company earned $2.87 EPS. Ingredion’s quarterly revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Equities analysts expect that Ingredion Incorporated will post 10.6 EPS for the current year.

Analyst Upgrades and Downgrades

INGR has been the subject of a number of analyst reports. Barclays reduced their price objective on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. UBS Group boosted their price target on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ingredion currently has an average rating of “Hold” and an average price target of $121.29.

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.