MGP Ingredients, Inc. (NASDAQ:MGPI) Director Karen Seaberg sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $73.90, for a total transaction of $1,478,000.00. Following the transaction, the director now owns 10,591 shares in the company, valued at approximately $782,674.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Karen Seaberg also recently made the following trade(s):

  • On Friday, November 3rd, Karen Seaberg sold 2,492 shares of MGP Ingredients stock. The stock was sold at an average price of $73.05, for a total transaction of $182,040.60.
  • On Tuesday, October 24th, Karen Seaberg sold 5,305 shares of MGP Ingredients stock. The stock was sold at an average price of $64.03, for a total transaction of $339,679.15.

MGP Ingredients, Inc. (NASDAQ:MGPI) traded up $0.32 during trading hours on Wednesday, hitting $74.41. 141,107 shares of the stock traded hands, compared to its average volume of 136,807. MGP Ingredients, Inc. has a one year low of $41.16 and a one year high of $78.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.54 and a current ratio of 4.45. The company has a market cap of $1,237.80, a P/E ratio of 42.78, a price-to-earnings-growth ratio of 2.25 and a beta of 0.95.

MGP Ingredients (NASDAQ:MGPI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.45. MGP Ingredients had a net margin of 10.56% and a return on equity of 18.70%. The company had revenue of $86.30 million for 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 business’s revenue was up 8.0% compared to the same quarter last year. research analysts forecast that MGP Ingredients, Inc. will post 2.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Tuesday, November 14th were given a dividend of $0.04 per share. The ex-dividend date was Monday, November 13th. This represents a $0.16 annualized dividend and a dividend yield of 0.22%. MGP Ingredients’s dividend payout ratio (DPR) is currently 7.37%.

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of MGP Ingredients by 3.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,632,786 shares of the company’s stock valued at $280,886,000 after acquiring an additional 146,399 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of MGP Ingredients by 12.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,250,268 shares of the company’s stock valued at $63,976,000 after acquiring an additional 140,685 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of MGP Ingredients by 26.9% during the 2nd quarter. 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 in the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of MGP Ingredients by 20.0% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 896,389 shares of the company’s stock valued at $54,348,000 after acquiring an additional 149,625 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of MGP Ingredients by 6.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 640,671 shares of the company’s stock valued at $32,783,000 after acquiring an additional 37,381 shares in the last quarter.

Several research analysts have recently issued reports on the stock. SunTrust Banks restated a “buy” rating on shares of MGP Ingredients in a report on Friday, November 3rd. Stifel Nicolaus assumed coverage on shares of MGP Ingredients in a report on Tuesday, December 5th. They set a “hold” rating and a $73.00 price objective on the stock. Zacks Investment Research downgraded shares of MGP Ingredients from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. Finally, BidaskClub downgraded shares of MGP Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. MGP Ingredients has an average rating of “Buy” and a consensus target price of $71.75.

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About MGP Ingredients

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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