Public Employees Retirement System of Ohio Makes New $1.84 Million Investment in Ingredion Incorporated $INGR

Public Employees Retirement System of Ohio acquired a new stake in Ingredion Incorporated (NYSE:INGR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,381 shares of the company’s stock, valued at approximately $1,836,000.

Several other institutional investors have also recently modified their holdings of INGR. BlackRock Inc. purchased a new stake in Ingredion in the second quarter valued at approximately $618,834,000. Dimensional Fund Advisors LP raised its position in Ingredion by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after buying an additional 175,600 shares during the last quarter. First Trust Advisors LP lifted its stake in Ingredion by 53.1% during the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after acquiring an additional 1,059,324 shares during the period. AQR Capital Management LLC lifted its stake in Ingredion by 53.3% during the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock valued at $201,337,000 after acquiring an additional 634,900 shares during the period. Finally, Snyder Capital Management L P boosted its holdings in shares of Ingredion by 4.4% in the 4th quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock valued at $152,355,000 after acquiring an additional 57,928 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director David Fischer sold 1,662 shares of the 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 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Ingredion Trading Up 0.0%

Shares of Ingredion stock opened at $101.30 on Monday. The firm has a 50-day simple moving average of $101.88 and a two-hundred day simple moving average of $106.17. 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 Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $128.98. The company has a market cap of $6.39 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $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 10.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INGR has been the subject of several analyst reports. Weiss Ratings cut Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Barclays reduced 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. UBS Group boosted their price target on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Benchmark restated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Ingredion has a consensus rating of “Hold” and an average target price of $121.29.

Ingredion Company 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.