MGP Ingredients, Inc. (NASDAQ:MGPI) is expected to pay $0.02 on Dec 8, 2016. The indicated annual dividend is $0.08. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on MGP Ingredients, Inc.’s current price of $39.76, the dividend is 0.05%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 4, 2016. The stock increased 1.64% or $0.64 during the last trading session, hitting $39.76. MGP Ingredients Inc (NASDAQ:MGPI) has risen 67.25% since April 5, 2016 and is uptrending. It has outperformed by 65.29% the S&P500.
MGP Ingredients, Inc. is a holding company. The company has a market cap of $659.10 million. The Company’s principal operating subsidiaries are MGPI Processing, Inc. and MGPI of Indiana, LLC . It has a 25.92 P/E ratio. The Firm produces and supplies distilled spirits, and wheat proteins and starches.
Insitutional Activity: The institutional sentiment increased to 1.89 in 2016 Q2. Its up 0.94, from 0.95 in 2016Q1. The ratio improved, as 9 funds sold all MGP Ingredients Inc shares owned while 26 reduced positions. 32 funds bought stakes while 34 increased positions. They now own 8.17 million shares or 26.91% more from 6.44 million shares in 2016Q1.
Advisors Asset Management accumulated 0.01% or 23,269 shares. Gsa Cap Prtnrs Limited Liability Partnership last reported 0.05% of its portfolio in the stock. Wfg Advsrs Lp holds 0% or 464 shares in its portfolio. Art Advsrs Ltd Llc holds 0.01% or 7,358 shares in its portfolio. Pnc Fincl Services Group Inc Inc has 84 shares for 0% of their US portfolio. Federated Invsts Pa last reported 0% of its portfolio in the stock. Stifel Financial holds 6,709 shares or 0% of its portfolio. Moreover, Parametric Port Assocs Ltd has 0% invested in MGP Ingredients Inc (NASDAQ:MGPI) for 13,952 shares. Citigroup Incorporated has invested 0% of its portfolio in MGP Ingredients Inc (NASDAQ:MGPI). Blair William & Il has 0.01% invested in the company for 20,400 shares. Citadel Advsrs Ltd Com accumulated 0% or 8,180 shares. Moreover, Dimensional Fund Advisors Lp has 0.02% invested in MGP Ingredients Inc (NASDAQ:MGPI) for 1.10M shares. Amer Century Companies reported 24,186 shares or 0% of all its holdings. Financial Bank Of Montreal Can, a Ontario – Canada-based fund reported 157 shares. Walthausen Lc last reported 1.51% of its portfolio in the stock.
Insider Transactions: Since June 28, 2016, the stock had 1 insider purchase, and 7 insider sales for $1.75 million net activity. RINDOM DAVID E also sold $24,450 worth of MGP Ingredients Inc (NASDAQ:MGPI) on Wednesday, September 14. On Friday, September 16 the insider DYKSTRA DAVID E sold $240,360. Shares for $207,895 were sold by Glaser Stephen J on Tuesday, August 30. Shares for $115,260 were bought by Griffin Augustus C.. On Tuesday, June 28 Seaberg Karen sold $314,690 worth of the stock or 9,263 shares.
More important recent MGP Ingredients Inc (NASDAQ:MGPI) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on October 28, 2016, also Valuewalk.com published article titled: “Apis Capital Long Thesis: MGP Ingredients Inc (MGPI)”, Bizjournals.com published: “MGP Ingredients seeks answers, braces for fallout after noxious gas release” on October 24, 2016. More interesting news about MGP Ingredients Inc (NASDAQ:MGPI) was released by: Bizjournals.com and their article: “Chemical spill at MGP Ingredients shuts down Atchison” with publication date: October 21, 2016.
MGPI Company Profile
MGP Ingredients, Inc., incorporated on October 18, 2011, is a holding company. The Company’s principal operating subsidiaries are MGPI Processing, Inc. and MGPI of Indiana, LLC (MGPI-I). The Firm produces and supplies distilled spirits, and wheat proteins and starches. The Company’s distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Firm also produces industrial alcohol for use in both food and non-food applications. The Company’s distillery products are derived from corn and other grains, including rye, barley, wheat, barley malt and milo. The Firm operates through two divisions: distillery products and ingredient solutions. The Company’s distillery products segment consists of food grade alcohol and co-products of its distillery operations, including distillers feed, fuel grade alcohol and corn oil. The Company’s ingredient solutions segment consists of specialty wheat starches, specialty wheat proteins, commodity wheat starch and commodity wheat protein.
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