Cairn Investment Group Inc. Takes Position in Ingredion Incorporated $INGR

Cairn Investment Group Inc. acquired a new stake 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 fund acquired 45,035 shares of the company’s stock, valued at approximately $4,265,000. Ingredion accounts for 1.8% of Cairn Investment Group Inc.’s holdings, making the stock its 19th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Ingredion in the 2nd quarter valued at about $618,834,000. Dimensional Fund Advisors LP increased its stake in Ingredion by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after purchasing an additional 175,600 shares during the period. First Trust Advisors LP lifted its position in shares of Ingredion by 53.1% during the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock worth $344,080,000 after purchasing an additional 1,059,324 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Ingredion by 53.3% during the fourth quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after purchasing an additional 634,900 shares in the last quarter. Finally, Snyder Capital Management L P boosted its stake in shares of Ingredion by 4.4% in the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock valued at $152,355,000 after purchasing an additional 57,928 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Buying and Selling at Ingredion

In other news, Director David B. Fischer sold 1,662 shares of Ingredion stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Ingredion Stock Up 0.8%

INGR stock opened at $104.30 on Wednesday. The company’s 50 day moving average price is $101.61 and its 200 day moving average price is $106.51. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.89 and a beta of 0.62. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $130.45. 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 (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. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the firm earned $2.87 earnings per share. The firm’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. On average, equities research analysts anticipate that Ingredion Incorporated will post 10.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INGR has been the subject of a number of research reports. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Barclays reduced their target price on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. UBS Group upped 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, Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ingredion currently has an average 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.