MGP Ingredients (NASDAQ:MGPI) Earns Daily Media Impact Rating of 0.20

News headlines about MGP Ingredients (NASDAQ:MGPI) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MGP Ingredients earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.2535088915412 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of NASDAQ:MGPI traded up $1.50 during trading on Thursday, reaching $89.59. The company’s stock had a trading volume of 237,434 shares, compared to its average volume of 208,583. MGP Ingredients has a twelve month low of $47.64 and a twelve month high of $90.62. The firm has a market cap of $1,448.69, a price-to-earnings ratio of 36.87, a PEG ratio of 2.69 and a beta of 1.09. The company has a quick ratio of 1.00, a current ratio of 3.24 and a debt-to-equity ratio of 0.14.

MGP Ingredients (NASDAQ:MGPI) last posted its quarterly earnings results on Thursday, March 1st. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. The business had revenue of $88.20 million for the quarter, compared to analyst estimates of $85.44 million. MGP Ingredients had a return on equity of 18.76% and a net margin of 11.71%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. equities analysts expect that MGP Ingredients will post 2.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were paid a $0.08 dividend. This is a boost from MGP Ingredients’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.36%. MGP Ingredients’s dividend payout ratio is presently 13.17%.

A number of brokerages have recently issued reports on MGPI. Stifel Nicolaus lowered their target price on shares of MGP Ingredients from $76.00 to $73.00 and set a “hold” rating on the stock in a research report on Tuesday, March 6th. Zacks Investment Research raised MGP Ingredients from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Sidoti raised MGP Ingredients from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Craig Hallum reissued a “buy” rating and issued a $105.00 target price (up previously from $90.00) on shares of MGP Ingredients in a research note on Monday, January 29th. Finally, BidaskClub downgraded shares of MGP Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MGP Ingredients presently has a consensus rating of “Buy” and an average price target of $87.33.

In other news, Director Karen Seaberg sold 4,600 shares of the company’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $87.36, for a total transaction of $401,856.00. Following the completion of the sale, the director now directly owns 11,241 shares of the company’s stock, valued at $982,013.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Augustus C. Griffin acquired 1,000 shares of MGP Ingredients stock in a transaction that occurred on Tuesday, March 6th. The stock was acquired at an average cost of $76.33 per share, with a total value of $76,330.00. Following the completion of the purchase, the chief executive officer now owns 108,084 shares in the company, valued at approximately $8,250,051.72. The disclosure for this purchase can be found here. In the last three months, insiders sold 33,770 shares of company stock valued at $2,752,401. Company insiders own 23.50% of the company’s stock.

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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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