MGP Ingredients, Inc. (NASDAQ:MGPI) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its holdings in MGP Ingredients, Inc. (NASDAQ:MGPI) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,265 shares of the company’s stock after selling 5,904 shares during the quarter. Leeward Investments LLC MA’s holdings in MGP Ingredients were worth $3,081,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in shares of MGP Ingredients by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 68,634 shares of the company’s stock valued at $2,702,000 after purchasing an additional 1,973 shares during the period. Rhumbline Advisers boosted its stake in shares of MGP Ingredients by 4.4% during the 4th quarter. Rhumbline Advisers now owns 41,464 shares of the company’s stock worth $1,632,000 after acquiring an additional 1,754 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of MGP Ingredients during the 4th quarter worth approximately $335,000. Verity Asset Management Inc. purchased a new stake in shares of MGP Ingredients during the 4th quarter worth approximately $307,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of MGP Ingredients by 1,292.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 188,693 shares of the company’s stock worth $7,429,000 after acquiring an additional 175,142 shares during the period. 77.11% of the stock is currently owned by hedge funds and other institutional investors.

MGP Ingredients Trading Down 0.2 %

Shares of MGPI stock opened at $32.19 on Monday. The company has a market capitalization of $706.57 million, a price-to-earnings ratio of 6.69 and a beta of 0.62. The company has a current ratio of 6.46, a quick ratio of 1.94 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $36.51 and a 200 day moving average price of $57.53. MGP Ingredients, Inc. has a twelve month low of $31.81 and a twelve month high of $92.52.

Analyst Ratings Changes

MGPI has been the subject of several research reports. Truist Financial reduced their price objective on MGP Ingredients from $85.00 to $75.00 and set a “buy” rating for the company in a report on Friday, November 1st. TD Cowen downgraded MGP Ingredients from a “buy” rating to a “hold” rating and cut their price target for the stock from $66.00 to $50.00 in a research note on Wednesday, November 6th. StockNews.com upgraded shares of MGP Ingredients from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Wells Fargo & Company reduced their price target on shares of MGP Ingredients from $58.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Roth Mkm lowered their price target on shares of MGP Ingredients from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, MGP Ingredients has an average rating of “Moderate Buy” and an average price target of $71.29.

MGP Ingredients Company Profile

MGP Ingredients, Inc, together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions.