MGP Ingredients (MGPI) Receives Coverage Optimism Score of 0.07
News articles about MGP Ingredients (NASDAQ:MGPI) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGP Ingredients earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.7478419589668 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Latin America Industrial Alcohol Market Investment opportunities (reports.pr-inside.com)
- Should You Sell MGP Ingredients Inc (MGPI) At $60.63? (finance.yahoo.com)
- ETFs with exposure to MGP Ingredients, Inc. : September 28, 2017 (finance.yahoo.com)
- 2 Stocks You'll Brag About Owning Someday (finance.yahoo.com)
- Meat substitute market report for 2017 detailed in new research (whatech.com)
Separately, BidaskClub cut MGP Ingredients from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th.
MGP Ingredients (MGPI) opened at 63.03 on Friday. The company has a 50-day moving average price of $58.66 and a 200-day moving average price of $54.91. MGP Ingredients has a 52 week low of $31.93 and a 52 week high of $64.30. The stock has a market cap of $1.05 billion, a PE ratio of 32.91 and a beta of 1.01.
MGP Ingredients (NASDAQ:MGPI) last released its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). MGP Ingredients had a net margin of 9.33% and a return on equity of 21.30%. The company had revenue of $85.80 million during the quarter, compared to analyst estimates of $84.39 million. MGP Ingredients’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts anticipate that MGP Ingredients will post $1.69 earnings per share for the current year.
The business also recently announced a special dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were paid a $0.85 dividend. This represents a yield of 0.27%. The ex-dividend date was Wednesday, August 16th. MGP Ingredients’s payout ratio is 8.42%.
In other MGP Ingredients news, Director Karen Seaberg sold 934 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $57.30, for a total value of $53,518.20. Following the completion of the sale, the director now directly owns 10,591 shares in the company, valued at $606,864.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.50% of the stock is owned by corporate insiders.
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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.
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