Campbell & CO Investment Adviser LLC Sells 22,495 Shares of MGP Ingredients, Inc. $MGPI

Campbell & CO Investment Adviser LLC lessened its position in MGP Ingredients, Inc. (NASDAQ:MGPI) by 70.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,511 shares of the company’s stock after selling 22,495 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in MGP Ingredients were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MGPI. Brooklyn Investment Group boosted its holdings in shares of MGP Ingredients by 2,365.7% in the 1st quarter. Brooklyn Investment Group now owns 863 shares of the company’s stock worth $25,000 after purchasing an additional 828 shares in the last quarter. CWM LLC lifted its position in MGP Ingredients by 127.4% in the 1st quarter. CWM LLC now owns 2,051 shares of the company’s stock worth $60,000 after buying an additional 1,149 shares during the last quarter. Signaturefd LLC boosted its stake in MGP Ingredients by 1,055.2% in the first quarter. Signaturefd LLC now owns 2,218 shares of the company’s stock worth $65,000 after buying an additional 2,026 shares in the last quarter. GAMMA Investing LLC grew its position in MGP Ingredients by 89.0% during the second quarter. GAMMA Investing LLC now owns 2,829 shares of the company’s stock valued at $85,000 after acquiring an additional 1,332 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of MGP Ingredients by 56.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,000 shares of the company’s stock worth $88,000 after acquiring an additional 1,087 shares in the last quarter. Hedge funds and other institutional investors own 77.11% of the company’s stock.

MGP Ingredients Stock Performance

Shares of NASDAQ:MGPI opened at $24.60 on Tuesday. The company has a current ratio of 2.78, a quick ratio of 0.79 and a debt-to-equity ratio of 0.31. The company has a market cap of $523.83 million, a price-to-earnings ratio of -36.72 and a beta of 0.39. MGP Ingredients, Inc. has a 12 month low of $23.28 and a 12 month high of $50.21. The company has a 50-day moving average price of $25.24 and a 200-day moving average price of $28.46.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.23. MGP Ingredients had a positive return on equity of 9.65% and a negative net margin of 2.56%.The company had revenue of $130.91 million during the quarter, compared to analyst estimates of $128.33 million. During the same quarter last year, the firm posted $1.29 earnings per share. The firm’s revenue was down 18.9% on a year-over-year basis. MGP Ingredients has set its FY 2025 guidance at 2.600-2.750 EPS. As a group, equities analysts anticipate that MGP Ingredients, Inc. will post 5.56 EPS for the current year.

MGP Ingredients Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 14th. MGP Ingredients’s dividend payout ratio is currently -71.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MGPI shares. Weiss Ratings restated a “sell (d)” rating on shares of MGP Ingredients in a report on Wednesday, October 8th. TD Cowen lowered their price target on shares of MGP Ingredients from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Finally, Wells Fargo & Company reduced their price objective on MGP Ingredients from $38.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

MGP Ingredients 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.