MGP Ingredients, Inc. (MGPI) Near Double Top Chart Pattern At $86.48

April 16, 2018 - By Robert Reynolds

During Q4 2017 the big money sentiment decreased to 0.65. That’s change of 0.67, from 2017Q3’s 1.32. 12 investors sold all, 53 reduced holdings as MGP Ingredients, Inc. ratio turned negative. 24 grew stakes while 18 funds acquired stakes. Funds hold 15.66 million shares thus 4.48% less from 2017Q3’s 16.40 million shares.
Envestnet Asset Mngmt accumulated 5,199 shs. Goldman Sachs Gru holds 477,816 shs or 0.01% of its capital. Timessquare Mngmt Ltd Limited Liability Company accumulated 0.4% or 791,500 shs. Kornitzer Ks stated it has 0.2% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI). Tower Research Capital Ltd Liability Company (Trc) holds 0% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI) for 421 shs. California State Teachers Retirement System holds 0% or 20,353 shs in its capital. State Of Wisconsin Board has invested 0.03% in MGP Ingredients, Inc. (NASDAQ:MGPI). Aperio Group Lc accumulated 4,510 shs or 0% of the stock. Comml Bank Of America Corp De accumulated 13,462 shs. Bancshares Of Mellon has 123,796 shs for 0% of their capital. Vanguard Group invested in 571,714 shs or 0% of the stock. Raymond James Na reported 19,284 shs stake. Morgan Stanley holds 47,431 shs. Columbia Wanger Asset Limited Liability Corp holds 109,426 shs or 0.13% of its capital. Geode Capital Mgmt Limited Co has 117,978 shs for 0% of their capital.

MGP Ingredients, Inc. had 8 insider sales and 1 insider purchase since October 24, 2017. This’s net activity of $5.28 million. $784,392 worth of stock was sold by DYKSTRA DAVID E on Tuesday, March 6. 5,305 MGP Ingredients, Inc. (NASDAQ:MGPI) shs with value of $339,658 were sold by Seaberg Karen. Shares for $76,330 were bought by Griffin Augustus C. on Tuesday, March 6. On Friday, March 9 $1.60M worth of stock was sold by SCHALLER DARYL. $97,876 worth of MGP Ingredients, Inc. (NASDAQ:MGPI) was sold by Glaser Stephen J on Tuesday, March 20.

MGP Ingredients, Inc. (MGPI) makes double top. It has $91.67 target and $86.48 stock price. The stock has $1.46B market cap. posted the double top chart on Apr, 16. $87.42 million more could be MGPI valuation at $91.67 share price.

The stock increased 0.68% or $0.58 during the last trading session, reaching $86.48.Currently MGP Ingredients, Inc. is uptrending after 61.96% change in last April 16, 2017. MGPI has 929 shares volume. MGPI outperformed by 50.41% the S&P500.

Analysts await MGP Ingredients, Inc. (NASDAQ:MGPI) to report earnings on May, 3. They expect $0.55 earnings per share, up 10.00 % or $0.05 from last year’s $0.5 per share. MGPI’s profit will be $9.27M for 39.31 P/E if the $0.55 EPS becomes a reality. After $0.55 actual earnings per share reported by MGP Ingredients, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

MGP Ingredients, Inc. (NASDAQ:MGPI) Ratings Coverage

Total analysts of 4 have positions in MGP Ingredients (NASDAQ:MGPI) as follows: 3 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 75%. The firm has $111.0 highest while $73 is the lowest [Target]. The average target $93.50 is 8.12% above the last ($86.48) price. Since December 6, 2017 according to StockzIntelligence Inc MGP Ingredients has 5 analyst reports. In Tuesday, March 6 report Stifel Nicolaus maintained the stock with “Hold” rating. On Monday, January 29 Craig Hallum maintained the shares of MGPI in report with “Buy” rating. In Thursday, March 1 report SunTrust maintained the stock with “Buy” rating. On Wednesday, January 31 the rating was upgraded by Sidoti to “Buy”.

MGP Ingredients, Inc. (NASDAQ:MGPI) Institutional Investors Chart

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