Coastal Bridge Advisors LLC Acquires New Stake in Ingredion Incorporated $INGR

Coastal Bridge Advisors LLC bought a new position in Ingredion Incorporated (NYSE:INGR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,760 shares of the company’s stock, valued at approximately $1,114,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Ingredion by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after purchasing an additional 208,606 shares during the last quarter. BlackRock Inc. bought a new stake in Ingredion during the second quarter valued at approximately $618,834,000. Dimensional Fund Advisors LP lifted its position in Ingredion by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock valued at $350,952,000 after purchasing an additional 175,600 shares during the last quarter. First Trust Advisors LP grew its stake in Ingredion by 53.1% in the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock worth $344,080,000 after buying an additional 1,059,324 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Ingredion by 53.3% in the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after buying an additional 634,900 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insider Buying and Selling

In other Ingredion news, Director David B. Fischer sold 1,662 shares of the business’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 of the company’s stock, valued at $2,039,038.30. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Ingredion Trading Down 1.1%

INGR stock opened at $103.63 on Friday. The company has a market capitalization of $6.54 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. Ingredion Incorporated has a one year low of $94.44 and a one year high of $130.48. The company’s 50 day moving average price is $101.25 and its two-hundred day moving average price is $106.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the business posted $2.87 EPS. The business’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. As a group, 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.