Meeder Advisory Services Inc. Makes New Investment in Ingredion Incorporated $INGR

Meeder Advisory Services Inc. purchased a new position in shares of Ingredion Incorporated (NYSE:INGR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,316 shares of the company’s stock, valued at approximately $598,000.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Ingredion in the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. acquired a new position in Ingredion during the 1st quarter valued at approximately $33,000. Bell Investment Advisors Inc acquired a new position in Ingredion during the 2nd quarter valued at approximately $34,000. Los Angeles Capital Management LLC purchased a new position in shares of Ingredion in the fourth quarter worth $36,000. Finally, Root Financial Partners LLC lifted its stake in shares of Ingredion by 83.7% during the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Price Performance

NYSE:INGR opened at $106.78 on Friday. The firm’s fifty day moving average is $100.73 and its two-hundred day moving average is $107.33. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.92 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. Ingredion Incorporated has a one year low of $94.44 and a one year high of $130.48.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the business posted $2.87 EPS. The company’s revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Research analysts expect that Ingredion Incorporated will post 10.6 EPS for the current year.

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 value of $170,039.22. Following the completion of the transaction, the director directly owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

INGR has been the topic of a number of research analyst reports. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Weiss Ratings cut Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Finally, UBS Group upped their target price on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.