MGP Ingredients (MGPI) Given Daily Coverage Optimism Rating of 0.16

Media coverage about MGP Ingredients (NASDAQ:MGPI) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MGP Ingredients earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.3683674509057 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

MGPI has been the topic of a number of research reports. BidaskClub upgraded shares of MGP Ingredients from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Zacks Investment Research upgraded shares of MGP Ingredients from a “sell” rating to a “hold” rating in a research note on Tuesday.

MGP Ingredients (MGPI) opened at 63.17 on Thursday. The company has a market cap of $1.06 billion, a PE ratio of 32.99 and a beta of 1.01. The company has a 50-day moving average of $59.26 and a 200-day moving average of $55.18. MGP Ingredients has a 52 week low of $31.93 and a 52 week high of $64.30.

MGP Ingredients (NASDAQ:MGPI) last posted its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) 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 analysts’ expectations of $84.39 million. The company’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts expect that MGP Ingredients will post $1.69 EPS for the current year.

In other MGP Ingredients news, Director Karen Seaberg sold 6,598 shares of MGP Ingredients stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $60.06, for a total value of $396,275.88. Following the transaction, the director now owns 10,591 shares in the company, valued at $636,095.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.50% of the stock is owned by insiders.

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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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