Is MGP Ingredients, Inc. (MGPI)’s Fuel Running Low? The Stock Just Declined Again

Investors sentiment decreased to 1.56 in Q2 2019. Its down 0.11, from 1.67 in 2019Q1. It is negative, as 17 investors sold MGP Ingredients, Inc. shares while 35 reduced holdings. 15 funds opened positions while 66 raised stakes. 19.69 million shares or 1.41% more from 19.41 million shares in 2019Q1 were reported.
Alliancebernstein L P accumulated 20,400 shares. Charles Schwab Mgmt stated it has 74,741 shares. Goldman Sachs Gp invested 0.01% in MGP Ingredients, Inc. (NASDAQ:MGPI). Swiss Retail Bank accumulated 25,200 shares or 0% of the stock. Jpmorgan Chase & Com owns 10,970 shares or 0% of their US portfolio. First Interstate Natl Bank reported 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Parametric Limited Liability Corporation reported 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). State Street reported 456,809 shares stake. Bnp Paribas Arbitrage holds 0% or 1,872 shares. 1.13M are owned by Champlain Inv Limited Co. Us Bancorporation De holds 2,150 shares or 0% of its portfolio. Putnam Investments Limited Liability Com invested in 0.01% or 82,944 shares. Sns Financial Grp Limited Liability Company accumulated 3,500 shares. Prudential reported 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Kornitzer Capital Ks has 0.18% invested in MGP Ingredients, Inc. (NASDAQ:MGPI).

Since August 20, 2019, it had 1 buying transaction, and 0 sales for $119,375 activity.

The stock of MGP Ingredients, Inc. (NASDAQ:MGPI) is a huge mover today! The stock decreased 3.93% or $2.17 during the last trading session, reaching $52.98. About 107,010 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has declined 38.35% since September 13, 2018 and is downtrending. It has underperformed by 38.35% the S&P500.
The move comes after 6 months negative chart setup for the $920.96 million company. It was reported on Sep, 13 by Barchart.com. We have $49.27 PT which if reached, will make NASDAQ:MGPI worth $64.47 million less.

Analysts await MGP Ingredients, Inc. (NASDAQ:MGPI) to report earnings on November, 7. They expect $0.67 EPS, up 28.85 % or $0.15 from last year’s $0.52 per share. MGPI’s profit will be $11.65M for 19.77 P/E if the $0.67 EPS becomes a reality. After $0.46 actual EPS reported by MGP Ingredients, Inc. for the previous quarter, Wall Street now forecasts 45.65 % EPS growth.

More notable recent MGP Ingredients, Inc. (NASDAQ:MGPI) news were published by: Globenewswire.com which released: “MGP Announces Appointment of Brandon Gall as CFO – GlobeNewswire” on March 14, 2019, also Finance.Yahoo.com with their article: “MGP (MGPI) Earnings Expected to Grow: Should You Buy? – Yahoo Finance” published on July 24, 2019, Globenewswire.com published: “Susie Garvin Joins MGP Beverage Alcohol Sales Team – GlobeNewswire” on January 29, 2019. More interesting news about MGP Ingredients, Inc. (NASDAQ:MGPI) were released by: Prnewswire.com and their article: “MGP Announces Remus Repeal Reserve Series III – PRNewswire” published on August 20, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why MGP Ingredients, Inc. (NASDAQ:MGPI) Should Be In Your Dividend Portfolio – Yahoo Finance” with publication date: August 13, 2019.

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. The company has market cap of $920.96 million. The firm operates through two divisions, Distillery Products and Ingredient Solutions. It has a 23.64 P/E ratio. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products, as well as for various industrial processors.

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

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