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Mgp Ingredients New (MGPI) Holder Cardinal Capital Management Trimmed Its Stake by $6.79 Million; As Franklin Res (BEN) Share Price Declined, Rbo & Co Has Decreased Position by $5.03 Million

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Rbo & Co Llc decreased its stake in Franklin Res Inc (BEN) by 84.04% based on its latest 2017Q4 regulatory filing with the SEC. Rbo & Co Llc sold 117,088 shares as the company’s stock declined 14.35% with the market. The institutional investor held 22,237 shares of the finance company at the end of 2017Q4, valued at $964,000, down from 139,325 at the end of the previous reported quarter. Rbo & Co Llc who had been investing in Franklin Res Inc for a number of months, seems to be less bullish one the $18.18 billion market cap company. The stock increased 0.27% or $0.09 during the last trading session, reaching $33.65. About 3.29 million shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.47% since May 17, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Cardinal Capital Management Llc decreased its stake in Mgp Ingredients Inc New (MGPI) by 17.13% based on its latest 2017Q4 regulatory filing with the SEC. Cardinal Capital Management Llc sold 89,328 shares as the company’s stock rose 16.59% while stock markets declined. The institutional investor held 432,277 shares of the consumer non-durables company at the end of 2017Q4, valued at $33.23M, down from 521,605 at the end of the previous reported quarter. Cardinal Capital Management Llc who had been investing in Mgp Ingredients Inc New for a number of months, seems to be less bullish one the $1.46B market cap company. The stock increased 0.74% or $0.64 during the last trading session, reaching $86.59. About 139,866 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has risen 61.96% since May 17, 2017 and is uptrending. It has outperformed by 50.41% the S&P500.

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 41.63 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 important recent MGP Ingredients, Inc. (NASDAQ:MGPI) news were published by: Nasdaq.com which released: “MGP Takes Another Significant Step in Sustainability Efforts; Eliminates All Single Use Plastics at Company Facilities” on April 23, 2018, also Globenewswire.com published article titled: “MGP Ingredients Schedules First Quarter 2018 Conference Call/Webcast for Wednesday, May 2”, Globenewswire.com published: “MGP to Webcast Annual Meeting on May 23” on May 16, 2018. More interesting news about MGP Ingredients, Inc. (NASDAQ:MGPI) was released by: Bizjournals.com and their article: “MGP Ingredients launches its first proprietary rye whiskey” with publication date: May 11, 2018.

Cardinal Capital Management Llc, which manages about $1.96 billion and $2.55 billion US Long portfolio, upped its stake in Hrg Group Inc (NYSE:HRG) by 413,179 shares to 1.27M shares, valued at $21.57M in 2017Q4, according to the filing. It also increased its holding in First Merchants Corp (NASDAQ:FRME) by 1.02M shares in the quarter, for a total of 1.09M shares, and has risen its stake in Dennys Corp (NASDAQ:DENN).

Since December 12, 2017, it had 1 insider purchase, and 9 selling transactions for $5.26 million activity. $784,392 worth of MGP Ingredients, Inc. (NASDAQ:MGPI) shares were sold by DYKSTRA DAVID E. SCHALLER DARYL sold $1.60 million worth of MGP Ingredients, Inc. (NASDAQ:MGPI) on Friday, March 9. Another trade for 1,000 shares valued at $76,330 was bought by Griffin Augustus C.. On Tuesday, March 6 the insider Buttshaw Michael Rodger sold $54,334. Glaser Stephen J had sold 1,200 shares worth $97,876.

Investors sentiment decreased to 0.65 in Q4 2017. Its down 0.67, from 1.32 in 2017Q3. It dived, 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. Morgan Stanley holds 47,431 shares. Dimensional Fund LP holds 0.02% in MGP Ingredients, Inc. (NASDAQ:MGPI) or 764,253 shares. Goldman Sachs Grp accumulated 0.01% or 477,816 shares. Geode Mgmt Ltd Liability Company holds 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI) for 117,978 shares. Stephens Inc Ar invested in 1,330 shares. Denver Advisors Lc reported 11,997 shares. Walthausen Llc reported 150,060 shares stake. 245,293 were reported by State Street. 54,409 are owned by Aqr Cap Management Llc. Credit Suisse Ag reported 0% stake. State Of Wisconsin Inv Board, a Wisconsin-based fund reported 139,440 shares. Swiss Bancorporation invested in 19,400 shares. Rhumbline Advisers has invested 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Stephens Inv Management Ltd Liability Com accumulated 467,205 shares. 36,644 were accumulated by Wells Fargo And Mn.

Among 4 analysts covering MGP Ingredients (NASDAQ:MGPI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. MGP Ingredients had 7 analyst reports since May 25, 2016 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, March 6. As per Wednesday, February 1, the company rating was initiated by Sidoti. SunTrust maintained MGP Ingredients, Inc. (NASDAQ:MGPI) rating on Thursday, March 1. SunTrust has “Buy” rating and $85.0 target. Craig Hallum initiated the shares of MGPI in report on Wednesday, May 25 with “Buy” rating. On Wednesday, January 31 the stock rating was upgraded by Sidoti to “Buy”. Craig Hallum maintained MGP Ingredients, Inc. (NASDAQ:MGPI) on Monday, January 29 with “Buy” rating.

Another recent and important Franklin Resources, Inc. (NYSE:BEN) news was published by Globenewswire.com which published an article titled: “Franklin Resources, Inc. Announces Month-End Assets Under Management” on May 08, 2018.

Rbo & Co Llc, which manages about $284.00 million and $397.84M US Long portfolio, upped its stake in Philip Morris In (NYSE:PM) by 5,038 shares to 182,455 shares, valued at $19.28M in 2017Q4, according to the filing. It also increased its holding in Abbvie Inc (NYSE:ABBV) by 4,158 shares in the quarter, for a total of 113,326 shares, and has risen its stake in At&T Inc (NYSE:T).

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on July, 27. They expect $0.76 EPS, up 4.11% or $0.03 from last year’s $0.73 per share. BEN’s profit will be $410.56M for 11.07 P/E if the $0.76 EPS becomes a reality. After $0.78 actual EPS reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 0 have Buy rating, 4 Sell and 12 Hold. Therefore 0 are positive. Franklin Resources Inc. had 96 analyst reports since July 31, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of BEN in report on Friday, April 6 with “Hold” rating. Jefferies maintained it with “Hold” rating and $48 target in Friday, August 7 report. The company was maintained on Wednesday, April 11 by Jefferies. The stock has “Underperform” rating by Credit Suisse on Monday, January 4. Deutsche Bank maintained the stock with “Hold” rating in Friday, January 8 report. The rating was downgraded by Wells Fargo to “Market Perform” on Monday, July 24. The stock has “Hold” rating by Bank of America on Monday, April 9. The firm has “Underweight” rating given on Friday, March 17 by Morgan Stanley. The firm earned “Neutral” rating on Friday, July 29 by Citigroup. The stock has “Hold” rating by Deutsche Bank on Thursday, June 16.

Investors sentiment increased to 0.85 in 2017 Q4. Its up 0.01, from 0.84 in 2017Q3. It increased, as 34 investors sold BEN shares while 195 reduced holdings. 61 funds opened positions while 133 raised stakes. 247.49 million shares or 3.08% more from 240.11 million shares in 2017Q3 were reported. Asset Mngmt One Ltd holds 0.06% in Franklin Resources, Inc. (NYSE:BEN) or 626,754 shares. Ls Invest Limited Liability Company has 0.18% invested in Franklin Resources, Inc. (NYSE:BEN) for 73,313 shares. Glg Limited Partnership owns 63,000 shares. Amundi Pioneer Asset Management has 187,270 shares for 0.01% of their portfolio. First Personal Fin holds 0.02% in Franklin Resources, Inc. (NYSE:BEN) or 1,773 shares. Nomura Holdg owns 475,348 shares for 0.04% of their portfolio. Andra Ap stated it has 105,700 shares or 0.1% of all its holdings. Metropolitan Life Insurance accumulated 50,845 shares. Stifel Financial holds 142,806 shares or 0.02% of its portfolio. Highlander Management Lc holds 580 shares or 0.02% of its portfolio. Moreover, Diamond Hill Cap Mgmt has 0.84% invested in Franklin Resources, Inc. (NYSE:BEN). One Trading LP has invested 0% in Franklin Resources, Inc. (NYSE:BEN). Westpac Banking Corporation holds 0.24% or 244,415 shares in its portfolio. First Interstate Retail Bank owns 0% invested in Franklin Resources, Inc. (NYSE:BEN) for 57 shares. Qs Investors accumulated 102,702 shares or 0.04% of the stock.

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

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