This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

3 Stocks Boosting The Food & Beverage Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 62 points (0.4%) at 17,114 as of Tuesday, July 22, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 2,161 issues advancing vs. 822 declining with 149 unchanged.

The Food & Beverage industry as a whole closed the day up 0.6% versus the S&P 500, which was up 0.5%. Top gainers within the Food & Beverage industry included Crystal Rock Holdings ( CRVP), up 1.7%, SkyPeople Fruit Juice ( SPU), up 3.0%, Concha y Toro Winery ( VCO), up 1.5%, MGP Ingredients ( MGPI), up 2.1% and Origin Agritech ( SEED), up 1.8%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

MGP Ingredients ( MGPI) is one of the companies that pushed the Food & Beverage industry higher today. MGP Ingredients was up $0.16 (2.1%) to $7.75 on light volume. Throughout the day, 25,088 shares of MGP Ingredients exchanged hands as compared to its average daily volume of 37,800 shares. The stock ranged in a price between $7.61-$7.88 after having opened the day at $7.61 as compared to the previous trading day's close of $7.59.

MGP Ingredients, Inc. produces and sells distillery and ingredients products to the packaged goods industry in the United States, Japan, and Canada. Its Distillery Products segment primarily offers food grade alcohol, fuel grade alcohol, and distillers feed. MGP Ingredients has a market cap of $136.9 million and is part of the consumer goods sector. Shares are up 46.2% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate MGP Ingredients a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings rates MGP Ingredients as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins.

Highlights from TheStreet Ratings analysis on MGPI go as follows:

  • This stock has managed to rise its share value by 34.93% over the past twelve months. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Beverages industry. The net income increased by 248.3% when compared to the same quarter one year prior, rising from $1.37 million to $4.79 million.
  • MGPI, with its decline in revenue, underperformed when compared the industry average of 2.9%. Since the same quarter one year prior, revenues slightly dropped by 8.6%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Net operating cash flow has significantly decreased to -$0.64 million or 125.13% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Beverages industry and the overall market, MGP INGREDIENTS INC's return on equity significantly trails that of both the industry average and the S&P 500.

You can view the full analysis from the report here: MGP Ingredients Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
Submit an article to us!
DOW 16,380.41 +263.17 1.63%
S&P 500 1,886.76 +24.00 1.29%
NASDAQ 4,258.4380 +41.0480 0.97%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs