Somewhat Negative Press Coverage Somewhat Unlikely to Impact MGP Ingredients (MGPI) Stock Price

News articles about MGP Ingredients (NASDAQ:MGPI) have trended somewhat negative on Friday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MGP Ingredients earned a news sentiment score of 0.00 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.5637706242934 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of MGP Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th. Stifel Nicolaus assumed coverage on shares of MGP Ingredients in a research report on Tuesday, December 5th. They set a “hold” rating and a $73.00 price target for the company. Zacks Investment Research raised shares of MGP Ingredients from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, November 7th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of MGP Ingredients in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $71.75.

Shares of MGP Ingredients (MGPI) opened at $77.03 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.45 and a quick ratio of 1.54. MGP Ingredients has a 1 year low of $41.16 and a 1 year high of $78.72. The company has a market cap of $1,302.69, a P/E ratio of 45.02, a price-to-earnings-growth ratio of 2.37 and a beta of 0.95.

MGP Ingredients (NASDAQ:MGPI) last posted its earnings results on Thursday, November 2nd. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.45. MGP Ingredients had a net margin of 10.56% and a return on equity of 18.70%. The business had revenue of $86.30 million during the quarter, compared to the consensus estimate of $83.57 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. equities analysts expect that MGP Ingredients will post 2.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Tuesday, November 14th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Monday, November 13th. MGP Ingredients’s dividend payout ratio (DPR) is presently 7.37%.

In other news, Director Karen Seaberg sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $73.90, for a total transaction of $1,478,000.00. Following the completion of the sale, the director now owns 10,591 shares of the company’s stock, valued at approximately $782,674.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stephen J. Glaser sold 5,800 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $74.92, for a total transaction of $434,536.00. Following the sale, the vice president now directly owns 17,080 shares of the company’s stock, valued at approximately $1,279,633.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,597 shares of company stock valued at $3,885,856. 23.50% of the stock is currently owned by insiders.

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MGP Ingredients Company Profile

MGP Ingredients, Inc is a producer and supplier of distilled spirits, and specialty wheat protein and starch food ingredients. The Company’s distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Company’s segments include distillery products and ingredient solutions.

Insider Buying and Selling by Quarter for MGP Ingredients (NASDAQ:MGPI)

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