24,283 Shares in Ingredion Incorporated $INGR Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in shares of Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,283 shares of the company’s stock, valued at approximately $3,293,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Ingredion in the second quarter valued at about $82,779,000. Millennium Management LLC grew its stake in Ingredion by 1,093.5% in the 1st quarter. Millennium Management LLC now owns 365,693 shares of the company’s stock valued at $49,445,000 after buying an additional 335,052 shares during the last quarter. Nordea Investment Management AB grew its stake in Ingredion by 66.3% in the 2nd quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock valued at $97,531,000 after buying an additional 288,201 shares during the last quarter. Northern Trust Corp raised its holdings in Ingredion by 37.0% in the 1st quarter. Northern Trust Corp now owns 982,789 shares of the company’s stock valued at $132,883,000 after acquiring an additional 265,263 shares during the period. Finally, Boston Partners lifted its position in Ingredion by 333.9% during the first quarter. Boston Partners now owns 273,851 shares of the company’s stock worth $36,868,000 after acquiring an additional 210,737 shares during the last quarter. 85.27% of the stock is owned by institutional investors.

Ingredion Price Performance

Ingredion stock opened at $108.76 on Thursday. The firm has a market cap of $6.91 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 0.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.75 and a quick ratio of 1.79. The stock’s fifty day moving average price is $114.29 and its two-hundred day moving average price is $126.01. Ingredion Incorporated has a one year low of $102.31 and a one year high of $149.84.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.02. Ingredion had a return on equity of 18.14% and a net margin of 9.07%.The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.90 billion. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. As a group, research analysts expect that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on INGR. Industrial Alliance Securities set a $124.00 target price on Ingredion in a research report on Thursday, November 6th. Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Stephens lowered their price objective on Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. UBS Group dropped their target price on Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Finally, Barclays restated an “equal weight” rating and issued a $124.00 price target (down from $168.00) on shares of Ingredion in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $124.33.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.