The fund owned 29,709 shares of the company's stock after selling 38,483 shares during the period. It is positive, as 8 investors sold MGPI shares while 33 reduced holdings. The count of Hold ratings in that period was 0. TimesSquare Capital Management LLC now owns 1,234,770 shares of the company's stock valued at $63,183,000 after acquiring an additional 261,370 shares during the last quarter. Wells Fargo & Company MN now owns 31,590 shares of the company's stock valued at $1,713,000 after buying an additional 13,140 shares in the last quarter.
You can compare MGP Ingredients, Inc. many different ways, but first would be to compare it against the Consumer Goods sector. TimesSquare Capital Management LLC boosted its position in shares of MGP Ingredients by 26.9% during the 2nd quarter. KS now owns 181,530 shares of the company's stock valued at $9,844,000 after buying an additional 126,630 shares in the last quarter. The stock is performing -0.96% year to date. The shares were sold at an average price of $51.42, for a total value of $323,328.96. Following the transaction, the director now owns 10,591 shares in the company, valued at $544,589.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daryl Schaller sold 20,000 shares of the business's stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $72.58, for a total value of $1,451,600.00. Following the completion of the transaction, the director now owns 2,851 shares in the company, valued at $206,925.58. The disclosure for this sale can be found here.
MGPI has been the subject of a number of recent research reports. Brown Advisory reported 0% of its portfolio in MGP Ingredients, Inc. BidaskClub downgraded MGP Ingredients from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 9th. Stifel Nicolaus began coverage on MGP Ingredients in a report on Tuesday, December 5th. They set a "hold" rating and a $73.00 price objective on the stock. Finally, SunTrust Banks reiterated a "buy" rating on shares of MGP Ingredients in a research note on Friday, November 3rd. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. MGP Ingredients has a twelve month low of $41.16 and a twelve month high of $80.75. MGP Ingredients had 3 analyst reports since May 25, 2016 according to SRatingsIntel. (NASDAQ MGPI) traded down $0.02 during trading on Tuesday, hitting $75.39. The current dividend yield of MGP Ingredients, Inc.is and the earnings per share is 2.18. The company has market cap of $1.30 billion. (NASDAQ:MGPI). Dimensional Fund Advisors Limited Partnership reported 767,792 shares or 0.02% of all its holdings. The firm had revenue of $86.30 million for the quarter, compared to the consensus estimate of $83.57 million. MGP Ingredients had a return on equity of 18.70% and a net margin of 10.56%. MGP Ingredients's quarterly revenue was up 8.0% on a year-over-year basis. MGP Ingredients now has an average rating of "Buy" and a consensus price target of $71.75.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. & worldwide copyright & trademark law. 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.