Federated Hermes discloses 6.75% MGP Ingredients stake (NYSE: FHI)
Rhea-AI Filing Summary
Federated Hermes, Inc. and related reporting persons filed an amended Schedule 13G showing beneficial ownership of 1,437,836 shares of MGP Ingredients, Inc. common stock, representing 6.75% of the class as of the stated event date. Federated Hermes and the Voting Shares Irrevocable Trust report sole voting and dispositive power over these shares, while Thomas R. Donahue, Ann C. Donahue, and J. Christopher Donahue report shared voting and dispositive power over the same amount.
The reporting persons state the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of MGP Ingredients. They also expressly disclaim that this filing should be construed as an admission that any of them is the beneficial owner of securities held by the managed funds.
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Insights
Federated Hermes reports a 6.75% passive stake in MGP Ingredients.
Federated Hermes, Inc., the Voting Shares Irrevocable Trust, and members of the Donahue family report beneficial ownership of 1,437,836 MGP Ingredients common shares, or 6.75% of the class. Federated Hermes and the trust list sole voting and dispositive power over these shares, while the individual Donahue filers list shared voting and dispositive power over the same amount.
The certification states the position was acquired and is held in the ordinary course of business and not to change or influence control of MGP Ingredients, indicating a passive institutional holding under the Schedule 13G framework. The filing also includes standard disclaimers that Federated Hermes, the trust, and the individual filers should not be deemed beneficial owners of securities held by managed funds, so actual economic exposure resides at the fund level rather than directly with these reporting persons.
Investors evaluating ownership structure can treat this as a disclosure of a sizable, but passive, institutional position in MGP Ingredients common stock, with ongoing details about any future changes in this stake expected to appear in subsequent beneficial ownership filings if thresholds are crossed.
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FAQ
Is Federated Hermes a passive or active investor in MGP Ingredients (FHI) according to this filing?
The certification states the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of changing or influencing control of MGP Ingredients, indicating a passive investment posture under Schedule 13G.
Who are the reporting persons in this Schedule 13G/A for MGP Ingredients (FHI)?
The reporting persons are Federated Hermes, Inc., the Voting Shares Irrevocable Trust, and individuals Thomas R. Donahue, Ann C. Donahue, and J. Christopher Donahue, each providing separate cover pages and ownership details.
Do Federated Hermes and the Donahues admit beneficial ownership of the managed funds’ MGP Ingredients shares?
No. The filing states that Federated Hermes, Inc., the Voting Shares Irrevocable Trust, Thomas R. Donahue, Ann C. Donahue, and J. Christopher Donahue declare that the report should not be construed as an admission that any of them is the beneficial owner of securities held by the managed funds and they expressly disclaim such beneficial ownership.
What type of reporting person is Federated Hermes in this MGP Ingredients Schedule 13G/A?
Federated Hermes, Inc. classifies itself as HC, indicating a parent holding company or control person under the Schedule 13G reporting categories.