Squarepoint Ops LLC Makes New Investment in Ingredion Incorporated $INGR

Squarepoint Ops LLC bought a new stake in Ingredion Incorporated (NYSE:INGR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 243,995 shares of the company’s stock, valued at approximately $23,109,000.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Ingredion during the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. bought a new position in shares of Ingredion in the first quarter valued at $33,000. Bell Investment Advisors Inc bought a new position in shares of Ingredion in the second quarter valued at $34,000. Los Angeles Capital Management LLC acquired a new position in Ingredion during the fourth quarter worth $36,000. Finally, Root Financial Partners LLC raised its position in 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 acquiring an additional 169 shares in the last quarter. 85.27% of the stock is owned by institutional investors.

Insider Activity

In other Ingredion news, Director David Fischer sold 1,662 shares of the stock in a transaction dated 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 $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Ingredion Stock Down 0.5%

Shares of INGR opened at $100.80 on Wednesday. The firm has a market cap of $6.36 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 0.86 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 52 week low of $94.44 and a 52 week high of $128.63. The firm’s 50-day simple moving average is $102.12 and its 200 day simple moving average is $105.95.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.11. The business had revenue of $1.85 billion during 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 firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, analysts forecast that Ingredion Incorporated will post 10.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on INGR shares. UBS Group boosted their price objective on shares of Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Barclays reduced their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Benchmark restated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Finally, Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $121.29.

About Ingredion

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.