As Mgp Ingredients INC New (MGPI) Share Value Rose, Shareholder Raymond James Financial Services Advisors INC Has Lowered by $6.48 Million Its Stake

May 25, 2018 - By Migdalia James

Investors sentiment decreased to 0.65 in 2017 Q4. Its down 0.67, from 1.32 in 2017Q3. It worsened, as 12 investors sold MGPI shares while 53 reduced holdings. 18 funds opened positions while 24 raised stakes. 15.66 million shares or 4.48% less from 16.40 million shares in 2017Q3 were reported. Gabelli Funds Ltd has invested 0.02% in MGP Ingredients, Inc. (NASDAQ:MGPI). Invesco Ltd reported 144,761 shares. Moreover, Pacad Investment Limited has 0.03% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 1,441 shares. Suntrust Banks Incorporated accumulated 5,749 shares. Moreover, Alliancebernstein Lp has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 14,800 shares. Legal General Group Public Limited Com invested in 0% or 3,131 shares. Brown Advisory Inc reported 5,492 shares. Northern Tru invested in 0% or 169,003 shares. State Of Wisconsin Investment Board reported 139,440 shares stake. Schwab Charles Inv Mngmt has invested 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Advisors Asset Inc reported 0.02% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Granite Investment Prtnrs Ltd Com stated it has 0.91% in MGP Ingredients, Inc. (NASDAQ:MGPI). Us National Bank De holds 1,910 shares or 0% of its portfolio. Aqr Management Lc reported 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Minnesota-based Sns Gru Limited Liability has invested 0.14% in MGP Ingredients, Inc. (NASDAQ:MGPI).

Since December 12, 2017, it had 1 buying transaction, and 10 insider sales for $6.11 million activity. Shares for $597,158 were sold by Seaberg Karen. 1,200 shares were sold by Glaser Stephen J, worth $97,876 on Tuesday, March 20. The insider SCHALLER DARYL sold 20,000 shares worth $1.60M. On Tuesday, March 6 the insider Griffin Augustus C. bought $76,330. $54,334 worth of MGP Ingredients, Inc. (NASDAQ:MGPI) shares were sold by Buttshaw Michael Rodger.

Raymond James Financial Services Advisors Inc decreased its stake in Mgp Ingredients Inc New (MGPI) by 1.84% based on its latest 2017Q4 regulatory filing with the SEC. Raymond James Financial Services Advisors Inc sold 85,316 shares as the company’s stock rose 16.59% while stock markets declined. The institutional investor held 4.55M shares of the consumer non-durables company at the end of 2017Q4, valued at $349.61M, down from 4.63 million at the end of the previous reported quarter. Raymond James Financial Services Advisors Inc who had been investing in Mgp Ingredients Inc New for a number of months, seems to be less bullish one the $1.48 billion market cap company. The stock decreased 0.01% or $0.01 during the last trading session, reaching $88.02. About 161,688 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has risen 61.96% since May 25, 2017 and is uptrending. It has outperformed by 50.41% the S&P500.

Raymond James Financial Services Advisors Inc, which manages about $52.09B and $15.99 billion US Long portfolio, upped its stake in Ishares Tr (DGRO) by 272,888 shares to 851,537 shares, valued at $29.62 million in 2017Q4, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 47,350 shares in the quarter, for a total of 1.03M shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

Analysts await MGP Ingredients, Inc. (NASDAQ:MGPI) to report earnings on August, 2. They expect $0.52 earnings per share, up 40.54 % or $0.15 from last year’s $0.37 per share. MGPI’s profit will be $8.76M for 42.32 P/E if the $0.52 EPS becomes a reality. After $0.52 actual earnings per share reported by MGP Ingredients, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More recent MGP Ingredients, Inc. (NASDAQ:MGPI) news were published by: Benzinga.com which released: “The Week Ahead: Target, Best Buy Help Close Out Earnings Season” on May 23, 2018. Also Bizjournals.com published the news titled: “MGP Ingredients launches its first proprietary rye whiskey” on May 11, 2018. Globenewswire.com‘s news article titled: “MGP to Webcast Annual Meeting on May 23” with publication date: May 16, 2018 was also an interesting one.

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

Among 4 analysts covering MGP Ingredients (NASDAQ:MGPI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. MGP Ingredients had 5 analyst reports since December 6, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, January 31 by Sidoti. The stock has “Buy” rating by Craig Hallum on Monday, January 29. On Tuesday, March 6 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of MGP Ingredients, Inc. (NASDAQ:MGPI) has “Buy” rating given on Thursday, March 1 by SunTrust.

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

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