PDT Partners LLC Takes Position in MGP Ingredients, Inc. $MGPI

Key Points

• PDT Partners LLC acquired 90,281 shares of MGP Ingredients in the second quarter, worth approximately $1.58 million, while institutional investors and hedge funds collectively owned 77.11% of the company.
• MGP Ingredients beat quarterly earnings expectations with $0.72 in EPS versus the $0.49 consensus estimate, although revenue fell 14.5% year over year to $124.36 million and management guided to fiscal 2026 EPS of $1.50–$1.80.
• The stock traded near $17.44, close to its 52-week low, and analysts held a consensus “Hold” rating. The company also declared a quarterly dividend of $0.12 per share, representing a 2.8% annualized yield.

PDT Partners LLC bought a new position in MGP Ingredients, Inc. (NASDAQ:MGPI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 90,281 shares of the company's stock, valued at approximately $1,582,000. PDT Partners LLC owned 0.42% of MGP Ingredients at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MGPI. Legal & General Group Plc acquired a new stake in shares of MGP Ingredients during the second quarter valued at about $28,000. Quantbot Technologies LP bought a new position in shares of MGP Ingredients in the 2nd quarter worth about $272,000. Tieton Capital Management LLC bought a new position in MGP Ingredients in the second quarter worth about $11,252,000. BlackRock Inc. bought a new stake in shares of MGP Ingredients in the 2nd quarter worth approximately $22,258,000. Finally, Deutsche Bank AG acquired a new position in shares of MGP Ingredients during the second quarter valued at $423,000. 77.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MGP Ingredients

In other MGP Ingredients news, insider Paul S. Lux sold 33,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $17.76, for a total transaction of $586,080.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.70% of the stock is currently owned by company insiders.

MGP Ingredients Stock Performance

NASDAQ MGPI opened at $17.44 on Thursday. The stock has a market cap of $373.46 million, a P/E ratio of -1.55 and a beta of 0.47. The company has a quick ratio of 1.65, a current ratio of 6.99 and a debt-to-equity ratio of 0.61. MGP Ingredients, Inc. has a twelve month low of $15.72 and a twelve month high of $29.92. The company's 50-day simple moving average is $17.46 and its 200 day simple moving average is $18.71.

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

MGP Ingredients Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 14th. This represents a $0.48 annualized dividend and a yield of 2.8%. MGP Ingredients's dividend payout ratio is -4.26%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on MGP Ingredients from $21.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of MGP Ingredients in a research note on Friday, July 31st. Finally, TD Cowen boosted their target price on MGP Ingredients from $18.00 to $20.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $27.25.

About MGP Ingredients

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.

Want to see what other hedge funds are holding MGPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MGP Ingredients, Inc. (NASDAQ:MGPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source