Tieton Capital Management LLC Invests $11.25 Million in MGP Ingredients, Inc. $MGPI

Key Points

• Tieton Capital Management purchased 642,260 shares of MGP Ingredients worth approximately $11.25 million, making up 3.2% of its portfolio and representing a 3% ownership stake. Institutional investors collectively own 77.11% of the company.
• MGP Ingredients reported quarterly EPS of $0.72, beating estimates of $0.49, while revenue fell 14.5% year over year to $124.36 million. The company guided to fiscal 2026 EPS of $1.50–$1.80 and declared a quarterly dividend of $0.12 per share, yielding about 2.7%.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $27.25 price target. Shares opened at $18.07 after trading between $15.72 and $30.60 over the past year.

Tieton Capital Management LLC bought a new position in MGP Ingredients, Inc. (NASDAQ:MGPI - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 642,260 shares of the company's stock, valued at approximately $11,252,000. MGP Ingredients makes up 3.2% of Tieton Capital Management LLC's holdings, making the stock its 15th largest position. Tieton Capital Management LLC owned 3.00% of MGP Ingredients at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MGPI. BlackRock Inc. bought a new position in MGP Ingredients during the second quarter valued at $22,258,000. Deutsche Bank AG purchased a new stake in shares of MGP Ingredients during the 2nd quarter valued at about $423,000. Global Retirement Partners LLC bought a new position in shares of MGP Ingredients in the 2nd quarter valued at about $55,000. Bank of New York Mellon Corp bought a new position in shares of MGP Ingredients in the 2nd quarter valued at about $785,000. Finally, Palouse Capital Management Inc. grew its position in MGP Ingredients by 187.2% in the second quarter. Palouse Capital Management Inc. now owns 8,805 shares of the company's stock worth $154,000 after acquiring an additional 5,739 shares in the last quarter. 77.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MGP Ingredients news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.82, for a total value of $534,600.00. Following the completion of the sale, the insider directly owned 500,958 shares in the company, valued at approximately $8,927,071.56. This represents a 5.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MGPI has been the subject of a number of analyst reports. TD Cowen raised their price target on MGP Ingredients from $18.00 to $20.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price on shares of MGP Ingredients from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Weiss Ratings restated a "sell (d-)" rating on shares of MGP Ingredients in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of MGP Ingredients from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, MGP Ingredients currently has a consensus rating of "Hold" and a consensus price target of $27.25.

MGP Ingredients Trading Up 3.3%

Shares of MGPI opened at $18.07 on Thursday. MGP Ingredients, Inc. has a 1-year low of $15.72 and a 1-year high of $30.60. The company has a 50-day moving average of $17.30 and a 200 day moving average of $18.98. The firm has a market capitalization of $386.88 million, a price-to-earnings ratio of -1.60 and a beta of 0.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 6.99 and a quick ratio of 1.65.

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, topping analysts' consensus estimates of $0.49 by $0.23. The business 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 company's revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, research analysts expect that MGP Ingredients, Inc. will post 1.65 EPS for the current year.

MGP Ingredients Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 14th. MGP Ingredients's dividend payout ratio (DPR) is presently -4.26%.

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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