The Manufacturers Life Insurance Company Takes $4.26 Million Position in Ingredion Incorporated $INGR

The Manufacturers Life Insurance Company acquired a new position in Ingredion Incorporated (NYSE:INGR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 44,982 shares of the company’s stock, valued at approximately $4,260,000. The Manufacturers Life Insurance Company owned 0.07% of Ingredion as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in INGR. International Assets Investment Management LLC purchased a new stake in Ingredion during the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new position in shares of Ingredion during the 1st quarter worth $33,000. Los Angeles Capital Management LLC purchased a new position in shares of Ingredion during the 4th quarter worth $36,000. Bell Investment Advisors Inc bought a new stake in shares of Ingredion during the 2nd quarter valued at $34,000. Finally, Root Financial Partners LLC grew its position in shares of Ingredion by 83.7% during the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after acquiring an additional 169 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Stock Down 1.0%

INGR opened at $103.55 on Tuesday. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80. The firm’s fifty day moving average is $101.49 and its 200 day moving average is $106.62. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $130.48.

Ingredion (NYSE:INGR) last issued its quarterly 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 business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.Ingredion’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, sell-side analysts forecast that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Ingredion

In related news, Director David B. Fischer sold 1,662 shares of the stock in a transaction dated 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 owned 19,930 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

INGR has been the topic of a number of recent research reports. Weiss Ratings cut Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. UBS Group upped their price target on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Finally, Barclays cut their price objective 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 equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.