Stock Worth Mentioning: Could MGP Ingredients Inc Change Direction After Today’s Big Increase?

Stock Worth Mentioning: Could MGP Ingredients Inc Change Direction After Today's Big Increase?

The stock of MGP Ingredients Inc (NASDAQ:MGPI) is a huge mover today! About 120,615 shares traded hands. MGP Ingredients Inc (NASDAQ:MGPI) has risen 71.66% since April 14, 2016 and is uptrending. It has outperformed by 66.97% the S&P500.
The move comes after 6 months positive chart setup for the $725.27M company. It was reported on Nov, 16 by Barchart.com. We have $74.02 PT which if reached, will make NASDAQ:MGPI worth $456.92M more.

According to Zacks Investment Research, “MGP Ingredients, Inc. produces and markets ingredients and distillery products to the packaged goods industry. Its Distillery Products segment primarily offers food grade alcohol, fuel grade alcohol, and distillers feed. The company’s Ingredient Solutions segment primarily provides specialty wheat starches and proteins, commodity wheat starches, and commodity vital wheat gluten. MGP Ingredients, Inc. is headquartered in Atchison, Kansas.”

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.
Moreover, Invesco Ltd has 0% invested in MGP Ingredients Inc (NASDAQ:MGPI) for 93,277 shares. Legal And General Gru Public Ltd accumulated 1,644 shares or 0% of the stock. Aqr Mngmt Ltd Liability Com holds 0% or 43,846 shares in its portfolio. Heartland Inc last reported 250,000 shares in the company. Gerstein Fisher holds 12,771 shares or 0.06% of its portfolio. One Trading Limited Partnership owns 5,769 shares or 0% of their US portfolio. Walthausen & Communication Limited Liability holds 1.51% or 380,990 shares in its portfolio. California Pub Employees Retirement Sys accumulated 0% or 38,100 shares. First Manhattan has invested 0% of its portfolio in MGP Ingredients Inc (NASDAQ:MGPI). Vanguard Gp holds 0% or 452,809 shares in its portfolio. The France-based Axa has invested 0.01% in MGP Ingredients Inc (NASDAQ:MGPI). Dimensional Fund Advisors Limited Partnership last reported 1.10 million shares in the company. Federated Pa accumulated 0% or 136 shares. Wells Fargo & Mn reported 3,573 shares or 0% of all its holdings. Ci Invests reported 46,000 shares or 0.02% of all its holdings.

Insider Transactions: Since June 28, 2016, the stock had 1 buy, and 9 insider sales for $2.21 million net activity. DYKSTRA DAVID E had sold 6,000 shares worth $240,360 on Friday, September 16. Another trade for 600 shares valued at $24,450 was sold by RINDOM DAVID E. Seaberg Karen sold $10,091 worth of stock or 256 shares. 3,000 shares were bought by Griffin Augustus C., worth $115,260 on Friday, September 9. The insider Glaser Stephen J sold $207,895.

More notable 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 Quotes.Wsj.com with their article: “News MGP Ingredients Inc.MGPI” published on February 11, 2011, Streetinsider.com published: “Form 3 MGP INGREDIENTS INC For: Nov 14 Filed by: Mansinne Andrew P” on November 16, 2016. More interesting news about MGP Ingredients Inc (NASDAQ:MGPI) were released by: Valuewalk.com and their article: “Apis Capital Long Thesis: MGP Ingredients Inc (MGPI)” published on June 09, 2016 as well as Nasdaq.com‘s news article titled: “MGP Ingredients, Inc. (MGPI) Ex-Dividend Date Scheduled for November 09, 2016” with publication date: November 08, 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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