Amundi Sells 34,557 Shares of Ingredion Incorporated $INGR

Amundi cut its position in Ingredion Incorporated (NYSE:INGR) by 24.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 107,725 shares of the company’s stock after selling 34,557 shares during the quarter. Amundi’s holdings in Ingredion were worth $10,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Ingredion by 22,036.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock valued at $114,351,000 after purchasing an additional 1,032,421 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Ingredion in the 2nd quarter valued at $1,355,000. Cooke & Bieler LP grew its stake in shares of Ingredion by 33.6% in the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after acquiring an additional 303,807 shares in the last quarter. ING Groep NV acquired a new position in Ingredion in the 4th quarter valued at $6,825,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Ingredion during the 2nd quarter worth approximately $479,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Stock Down 0.8%

Ingredion stock opened at $100.29 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $102.34 and its two-hundred day moving average price is $105.69. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.85 and a beta of 0.62. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $127.50.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.11. The business 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 business’s revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, equities research analysts predict that Ingredion Incorporated will post 10.76 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David Fischer sold 1,662 shares of the company’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 sale, the director directly owned 19,930 shares in the company, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on INGR. Barclays reduced their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a 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. Benchmark reissued a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. UBS Group raised their price objective on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One equities 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.com, the stock has a consensus rating of “Hold” and an average target price of $121.29.

Ingredion Profile

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces ingredients derived primarily from corn, tapioca, potato and other plant-based sources. Its products are used by food, beverage, brewing, animal nutrition, pharmaceutical, personal care and industrial manufacturers.

The company’s portfolio includes starches, sweeteners, fibers, texturizers, specialty ingredients and plant-based proteins. These ingredients help customers improve the taste, texture, nutrition, stability and performance of finished products, including baked goods, dairy products, beverages, confectionery, sauces and other consumer and industrial goods.

Ingredion serves customers across North America, South America, Asia-Pacific, Europe, the Middle East and Africa.