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

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 value 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 value of $339,679.15.

Shares of MGP Ingredients, Inc. (MGPI) opened at $73.85 on Friday. The firm has a market capitalization of $1,244.49, a PE ratio of 43.01, a P/E/G ratio of 2.26 and a beta of 0.95. 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, Inc. has a 12 month low of $41.16 and a 12 month high of $78.02.

MGP Ingredients (NASDAQ:MGPI) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.45. The business had revenue of $86.30 million for the quarter, compared to analyst estimates of $83.57 million. MGP Ingredients had a return on equity of 18.70% and a net margin of 10.56%. MGP Ingredients’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. equities analysts predict that MGP Ingredients, Inc. will post 2.2 EPS for the current fiscal year.

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

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in MGP Ingredients in the third quarter valued at about $128,000. Victory Capital Management Inc. boosted its stake in shares of MGP Ingredients by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,165 shares of the company’s stock valued at $111,000 after purchasing an additional 325 shares in the last quarter. ETF Managers Group LLC acquired a new stake in shares of MGP Ingredients during the second quarter valued at about $134,000. Suntrust Banks Inc. acquired a new stake in shares of MGP Ingredients during the second quarter valued at about $208,000. Finally, Aperio Group LLC acquired a new stake in shares of MGP Ingredients during the second quarter valued at about $240,000.

Several analysts have recently issued reports on the company. BidaskClub lowered MGP Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Stifel Nicolaus assumed coverage on MGP Ingredients in a research note on Tuesday, December 5th. They issued a “hold” rating and a $73.00 price objective on the stock. Zacks Investment Research raised MGP Ingredients from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Tuesday, November 7th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of MGP Ingredients in a research note 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. The company currently has a consensus rating of “Buy” and a consensus target price of $71.75.

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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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