Ingredion Incorporated $INGR Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Ingredion Incorporated (NYSE:INGR) by 45.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,454 shares of the company’s stock after selling 141,710 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ingredion were worth $16,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in INGR. Van ECK Associates Corp lifted its holdings in shares of Ingredion by 1.6% in the 2nd quarter. Van ECK Associates Corp now owns 99,984 shares of the company’s stock worth $9,469,000 after purchasing an additional 1,610 shares during the last quarter. Hsbc Holdings PLC grew its stake in Ingredion by 165.6% during the 2nd quarter. Hsbc Holdings PLC now owns 14,311 shares of the company’s stock worth $1,355,000 after buying an additional 8,922 shares during the last quarter. Wellington Management Group LLP grew its stake in Ingredion by 0.4% during the 2nd quarter. Wellington Management Group LLP now owns 141,057 shares of the company’s stock worth $13,360,000 after buying an additional 522 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in Ingredion in the second quarter worth $4,425,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in Ingredion in the second quarter worth $335,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David Fischer sold 1,662 shares of the firm’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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INGR shares. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Barclays cut their price objective on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 5th. UBS Group boosted their target price on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Benchmark restated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ingredion has an average rating of “Hold” and a consensus price target of $121.29.

Ingredion Stock Performance

INGR stock opened at $101.30 on Friday. The company has a market capitalization of $6.39 billion, a P/E ratio of 11.05, a PEG ratio of 0.87 and a beta of 0.62. The company has a 50-day simple moving average of $101.88 and a 200 day simple moving average of $106.26. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $128.98. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the company earned $2.87 EPS. Ingredion’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. Sell-side analysts predict that Ingredion Incorporated will post 10.76 earnings per share for the current fiscal year.

Ingredion 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.