Man Group plc Makes New Investment in Ingredion Incorporated $INGR

Man Group plc acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) during the second quarter, Holdings Channel reports. The institutional investor acquired 95,043 shares of the company’s stock, valued at approximately $9,002,000.

Several other large investors have also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC boosted its holdings in Ingredion by 4.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock worth $250,000 after buying an additional 88 shares in the last quarter. Vista Investment Management grew its position 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 buying an additional 89 shares during the period. PNC Financial Services Group Inc. increased its holdings in Ingredion by 0.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock valued at $2,789,000 after buying an additional 91 shares in the last quarter. Teza Capital Management LLC increased its holdings in 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 buying an additional 92 shares in the last quarter. 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 worth $920,000 after acquiring an additional 95 shares during the period. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Stock Performance

INGR opened at $104.46 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 company has a market cap of $6.59 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 0.89 and a beta of 0.62. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $130.48. The firm’s fifty day simple moving average is $101.38 and its two-hundred day simple moving average is $106.82.

Ingredion (NYSE:INGR) last released its 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. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the company earned $2.87 earnings per share. The company’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 anticipate that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

INGR has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Barclays lowered their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 5th. Benchmark reissued a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Finally, UBS Group boosted 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 analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Ingredion has a consensus rating of “Hold” and a consensus target price of $121.29.

Insider Transactions at Ingredion

In other Ingredion news, Director David B. Fischer sold 1,662 shares of the business’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 sale, the director directly owned 19,930 shares in the company, valued at approximately $2,039,038.30. The trade was a 7.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.