<div id="readability-page-1"><p>Summit Investment Advisors Inc. lowered its position in  MGP Ingredients, Inc. (NASDAQ:MGPI - Free Report) by 87.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,388 shares of the company's stock after selling 9,400 shares during the quarter. Summit Investment Advisors Inc.'s holdings in MGP Ingredients were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.</p><div><p><span></span><span>Get <strong>MGP Ingredients</strong> alerts:</span></p></div><p>Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in  MGP Ingredients in the 3rd quarter valued at approximately $373,000.  World Investment Advisors LLC bought a new position in shares of  MGP Ingredients in the third quarter worth $6,100,000.  JPMorgan Chase &amp; Co. increased its holdings in shares of  MGP Ingredients by 201.2% during the third quarter. JPMorgan Chase &amp; Co. now owns 64,723 shares of the company's stock valued at $5,388,000 after purchasing an additional 43,233 shares during the period.  Versant Capital Management Inc raised its stake in shares of  MGP Ingredients by 192.5% during the fourth quarter. Versant Capital Management Inc now owns 699 shares of the company's stock valued at $28,000 after purchasing an additional 460 shares in the last quarter.  Finally, GAMMA Investing LLC lifted its holdings in  MGP Ingredients by 162.0% in the fourth quarter. GAMMA Investing LLC now owns 697 shares of the company's stock worth $27,000 after purchasing an additional 431 shares during the period. Institutional investors own  77.11% of the company's stock. </p><h2>MGP Ingredients Trading Down 0.8 %</h2><p>MGP Ingredients stock opened at $28.40 on Thursday. MGP Ingredients, Inc. has a 1 year low of $25.12 and a 1 year high of $92.52. The firm's 50 day moving average price is $30.13 and its two-hundred day moving average price is $40.83. The firm has a market cap of $604.07 million, a price-to-earnings ratio of 5.90 and a beta of 0.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.94 and a current ratio of 6.46. </p><h2>MGP Ingredients Dividend Announcement</h2><p>The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date  was Friday, March 14th. MGP Ingredients's dividend payout ratio (DPR) is presently 31.79%. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of analysts have recently weighed in on the stock. Lake Street Capital raised shares of MGP Ingredients from a &#34;hold&#34; rating to a &#34;buy&#34; rating and reduced their price target for the stock from $55.00 to $45.00 in a research note on Thursday, February 27th. StockNews.com downgraded MGP Ingredients from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research report on Friday, February 28th. Finally, Wells Fargo &amp; Company lowered their price target on MGP Ingredients from $40.00 to $37.00 and set an &#34;overweight&#34; rating on the stock in a research report on Wednesday, April 2nd. One investment analyst  has rated the stock with a sell rating, one  has given a hold rating and five have assigned  a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $66.00.</p><p><b>Get Our Latest Stock Analysis on MGP Ingredients</b></p><h2>Insider Activity</h2><p>In other news, Director Karen Seaberg acquired 5,348 shares of MGP Ingredients stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $32.59 per share, with a total value of $174,291.32. Following the completion of the purchase, the director now owns 358,899 shares of the company's stock, valued at $11,696,518.41. This represents a 1.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 36.20% of the stock is currently owned by company insiders. </p><h2>About MGP Ingredients</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than MGP Ingredients</li><li>What is the S&amp;P/TSX Index?</li><li>Can IBM’s Q1 Earnings Spark a Breakout for the Stock?</li><li>How to Invest in Small Cap Stocks </li><li>S&amp;P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?</li><li>Basic Materials Stocks Investing</li><li>Fundamentally Sound, These 5 Stocks Sold Off Anyway</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUdQSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUdQSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in MGP Ingredients Right Now?</h2><p>Before you consider MGP Ingredients, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MGP Ingredients wasn't on the list.</p><p>While MGP Ingredients currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MGPI

<p>Summit Investment Advisors Inc. reduced its stake in MGP Ingredients, Inc. (NASDAQ:MGPI) by 87.1% in Q4, now holding 1,388 shares valued at $55,000. Other hedge funds also adjusted their positions, with Virtu Financial acquiring a stake worth $373,000. MGP Ingredients' stock opened at $28.40, with a 1-year low of $25.12 and a high of $92.52. The company announced a quarterly dividend of $0.12 per share, yielding 1.69%. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average target price of $66.00.</p>

MGP Ingredients, Inc. (NASDAQ:MGPI) Shares Sold by Summit Investment Advisors Inc.