BlackRock Inc. Purchases Shares of 1,270,417 MGP Ingredients, Inc. $MGPI

Key Points

• BlackRock acquired 1,270,417 shares of MGP Ingredients during the second quarter, worth approximately $22.3 million and representing a 5.93% stake. Institutional investors collectively own 77.11% of the company.
• MGP Ingredients beat quarterly earnings expectations, reporting $0.72 in EPS versus the $0.49 consensus, though revenue fell 14.5% year over year to $124.36 million. The company issued fiscal 2026 EPS guidance of $1.50–$1.80.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a $27.25 consensus price target. The company also pays a quarterly dividend of $0.12 per share, equivalent to a 2.9% annualized yield.

BlackRock Inc. acquired a new position in MGP Ingredients, Inc. (NASDAQ:MGPI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,270,417 shares of the company's stock, valued at approximately $22,258,000. BlackRock Inc. owned approximately 5.93% of MGP Ingredients as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MGPI. Osaic Holdings Inc. grew its position in MGP Ingredients by 130.3% during the second quarter. Osaic Holdings Inc. now owns 935 shares of the company's stock worth $28,000 after buying an additional 529 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of MGP Ingredients during the 4th quarter valued at about $32,000. Quadrant Capital Group LLC grew its holdings in shares of MGP Ingredients by 237.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company's stock worth $44,000 after purchasing an additional 1,287 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of MGP Ingredients by 278.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company's stock worth $56,000 after purchasing an additional 1,386 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in shares of MGP Ingredients in the third quarter worth approximately $96,000. Institutional investors own 77.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MGPI shares. TD Cowen raised their target price on shares of MGP Ingredients from $18.00 to $20.00 and gave the company a "hold" rating in a research note on Thursday, July 30th. Weiss Ratings reissued a "sell (d-)" rating on shares of MGP Ingredients in a research note on Friday, July 31st. Finally, Wells Fargo & Company increased their price target on shares of MGP Ingredients from $21.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $27.25.

MGP Ingredients Price Performance

MGPI opened at $16.83 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 6.99 and a quick ratio of 1.65. The stock's 50 day simple moving average is $17.46 and its 200 day simple moving average is $18.38. The firm has a market cap of $360.33 million, a price-to-earnings ratio of -1.49 and a beta of 0.45. MGP Ingredients, Inc. has a 1 year low of $15.72 and a 1 year high of $29.75.

MGP Ingredients (NASDAQ:MGPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.23. MGP Ingredients had a positive return on equity of 7.41% and a negative net margin of 48.08%.The firm had revenue of $124.36 million during the quarter, compared to the consensus estimate of $125.16 million. During the same quarter in the previous year, the company posted $0.97 earnings per share. The business's revenue was down 14.5% on a year-over-year basis. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, analysts predict that MGP Ingredients, Inc. will post 1.65 earnings per share for the current year.

MGP Ingredients Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, August 14th. MGP Ingredients's dividend payout ratio is currently -4.26%.

Insiders Place Their Bets

In other MGP Ingredients news, insider Paul S. Lux sold 33,000 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $17.76, for a total transaction of $586,080.00. Following the completion of the sale, the insider owned 550,458 shares of the company's stock, valued at $9,776,134.08. This represents a 5.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 31.70% of the stock is owned by insiders.

MGP Ingredients Profile

MGP Ingredients, Inc NASDAQ: MGPI is a leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries. Headquartered in Atchison, Kansas, the company operates two main facilities—its historic Atchison plant, founded in 1941 as Midwest Grain Products, and a modern distillery in Lawrenceburg, Indiana. MGP Ingredients supplies an array of distillation products under its beverage and ingredient segments, serving brand owners, private-label producers and co-packers worldwide.

The beverage segment features a broad portfolio of premium spirits, including bourbon and rye whiskies, vodka, gin and neutral spirits.

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