Hsbc Holdings PLC Takes $1.35 Million Position in Ingredion Incorporated $INGR

Hsbc Holdings PLC bought a new stake in Ingredion Incorporated (NYSE:INGR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,311 shares of the company’s stock, valued at approximately $1,355,000.

Several other institutional investors also recently added to or reduced their stakes in INGR. Legal & General Group Plc purchased a new stake in Ingredion in the second quarter valued at approximately $8,290,000. The Manufacturers Life Insurance Company purchased a new position in shares of Ingredion in the 2nd quarter valued at approximately $4,260,000. Cibc World Market Inc. purchased a new position in Ingredion in the 2nd quarter valued at $5,775,000. Sanctuary Advisors LLC acquired a new position in shares of Ingredion during the second quarter worth about $1,884,000. Finally, Vista Investment Management acquired a new position in Ingredion during the 2nd quarter worth approximately $1,103,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Stock Performance

NYSE:INGR opened at $103.55 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. The firm has a market cap of $6.53 billion, a PE ratio of 11.29, a P/E/G ratio of 0.90 and a beta of 0.62. The firm has a 50 day simple moving average of $101.49 and a 200-day simple moving average of $106.62. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $130.48.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. The firm 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 revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, equities analysts expect that Ingredion Incorporated will post 10.6 EPS for the current year.

Insider Activity

In other news, Director David B. Fischer sold 1,662 shares of the firm’s stock in a transaction 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INGR. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Benchmark restated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Barclays dropped their price target 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. Finally, Weiss Ratings cut Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $121.29.

About Ingredion

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.