Is Buying Mgp Ingredients Inc (NASDAQ:MGPI) Here Good Idea?

March 21, 2018 - By Peter Erickson

 Is Buying Mgp Ingredients Inc (NASDAQ:MGPI) Here Good Idea?

Investors sentiment increased to 1.32 in Q3 2017. Its up 0.39, from 0.93 in 2017Q2. It is positive, as 8 investors sold MGP Ingredients, Inc. shares while 33 reduced holdings. 17 funds opened positions while 37 raised stakes. 16.40 million shares or 1.83% more from 16.10 million shares in 2017Q2 were reported.
Schwab Charles Invest Management Incorporated reported 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Columbia Wanger Asset Limited Liability Co holds 124,900 shares or 0.11% of its portfolio. Peak6 Invs Limited Partnership holds 0% or 575 shares in its portfolio. Glenmede Trust Na invested in 875 shares. Teton Advsrs stated it has 0.4% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Moreover, Geode Cap Mgmt Lc has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 117,161 shares. Moreover, Blackrock Inc has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). Waddell And Reed reported 69,523 shares. Sg Americas Ltd Liability Corporation has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). Timessquare Limited holds 903,570 shares or 0.37% of its portfolio. Kennedy Cap Mgmt holds 0.12% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI) for 112,422 shares. Mariner Wealth Advsr Ltd Limited Liability Company owns 59,247 shares or 0.16% of their US portfolio. Wellington Management Grp Llp owns 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 111,173 shares. Huntington National Bank & Trust reported 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Vanguard Gp owns 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 545,113 shares.

Since October 24, 2017, it had 1 insider buy, and 6 sales for $4.78 million activity. Griffin Augustus C. bought $76,330 worth of stock. 700 shares were sold by Buttshaw Michael Rodger, worth $54,334 on Tuesday, March 6. Another trade for 5,305 shares valued at $339,658 was sold by Seaberg Karen. Another trade for 10,000 shares valued at $784,392 was sold by DYKSTRA DAVID E.

The stock of Mgp Ingredients Inc (NASDAQ:MGPI) registered a decrease of 14.37% in short interest. MGPI’s total short interest was 1.37M shares in March as published by FINRA. Its down 14.37% from 1.60M shares, reported previously. With 162,300 shares average volume, it will take short sellers 8 days to cover their MGPI’s short positions. The short interest to Mgp Ingredients Inc’s float is 10.59%.

The stock decreased 1.57% or $1.31 during the last trading session, reaching $82.12. About 65,829 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has risen 102.52% since March 21, 2017 and is uptrending. It has outperformed by 85.82% the S&P500.

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. The company has market cap of $1.38 billion. The firm operates through two divisions, Distillery Products and Ingredient Solutions. It has a 33.68 P/E ratio. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products, as well as for various industrial processors.

MGP Ingredients, Inc. (NASDAQ:MGPI) Ratings Coverage

Among 4 analysts covering MGP Ingredients (NASDAQ:MGPI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. MGP Ingredients has $111.0 highest and $73 lowest target. $93.50’s average target is 13.86% above currents $82.12 stock price. MGP Ingredients had 7 analyst reports since May 25, 2016 according to SRatingsIntel. Sidoti initiated MGP Ingredients, Inc. (NASDAQ:MGPI) on Wednesday, February 1 with “Buy” rating. The stock of MGP Ingredients, Inc. (NASDAQ:MGPI) earned “Buy” rating by Sidoti on Wednesday, January 31. The stock of MGP Ingredients, Inc. (NASDAQ:MGPI) has “Buy” rating given on Monday, January 29 by Craig Hallum. The firm earned “Buy” rating on Thursday, March 1 by SunTrust. The stock has “Buy” rating by Craig Hallum on Wednesday, May 25. Stifel Nicolaus maintained the shares of MGPI in report on Tuesday, March 6 with “Hold” rating.

More notable recent MGP Ingredients, Inc. (NASDAQ:MGPI) news were published by: which released: “MGP Ingredients Reports Fourth Quarter and Full Year 2017 Results” on March 01, 2018, also with their article: “MGP Ingredients – Wait For The Call?” published on October 26, 2017, published: “Ex-Dividend Reminder: Lancaster Colony, Kraft Heinz and MGP Ingredients” on March 06, 2018. More interesting news about MGP Ingredients, Inc. (NASDAQ:MGPI) were released by: and their article: “MGP Ingredients: Supplier To The Alcohol Gods Is Already Above The Clouds” published on January 12, 2018 as well as‘s news article titled: “MGP Ingredients Declares $0.08 Quarterly Dividend” with publication date: February 22, 2018.

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