MGP Ingredients, Inc. (NASDAQ:MGPI) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analyst consensus is “Hold”: Of six analysts covering MGP Ingredients, three rate it a buy, two recommend holding, and one rates it a sell. The average 12-month price target is $27.25 versus a recent share price of $17.72.
• Quarterly results were mixed: Adjusted earnings of $0.72 per share exceeded estimates of $0.49, while revenue of $124.36 million fell short of expectations and declined 14.5% year over year. The company guided to fiscal 2026 EPS of $1.50–$1.80.
• MGP Ingredients declared a dividend: The quarterly payout is $0.12 per share, or $0.48 annualized, representing a 2.7% yield; the dividend is payable August 28 to shareholders of record August 14.

Shares of MGP Ingredients, Inc. (NASDAQ:MGPI - Get Free Report) have been given an average recommendation of "Hold" by the six ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $27.25.

MGPI has been the subject of several research reports. TD Cowen upped their price target on shares of 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 boosted their price objective on shares of MGP Ingredients from $21.00 to $22.00 and gave the stock an "overweight" 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, Zacks Research upgraded MGP Ingredients from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 28th.

MGP Ingredients Stock Performance

Shares of MGP Ingredients stock opened at $17.72 on Friday. The company has a current ratio of 6.99, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61. The stock's fifty day moving average price is $17.22 and its 200-day moving average price is $19.17. The firm has a market cap of $379.39 million, a P/E ratio of -1.57 and a beta of 0.47. MGP Ingredients has a 12 month low of $15.72 and a 12 month high of $30.60.

MGP Ingredients (NASDAQ:MGPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.23. The company had revenue of $124.36 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.97 earnings per share. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts expect that MGP Ingredients 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. Stockholders of record on Friday, August 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 14th. MGP Ingredients's payout ratio is presently -4.26%.

Insider Buying and Selling at MGP Ingredients

In related news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the firm's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $17.82, for a total transaction of $534,600.00. Following the sale, the insider owned 500,958 shares of the company's stock, valued at $8,927,071.56. This trade represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 31.70% of the stock is owned by company insiders.

Institutional Trading of MGP Ingredients

A number of institutional investors have recently modified their holdings of MGPI. Legal & General Group Plc purchased a new stake in MGP Ingredients during the second quarter valued at approximately $28,000. Osaic Holdings Inc. grew its holdings in MGP Ingredients by 130.3% in the second quarter. Osaic Holdings Inc. now owns 935 shares of the company's stock worth $28,000 after purchasing an additional 529 shares during the last quarter. Global Retirement Partners LLC purchased a new position in MGP Ingredients in the fourth quarter worth $32,000. Quadrant Capital Group LLC increased its position 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. Finally, Tower Research Capital LLC TRC increased its position 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. 77.11% of the stock is currently owned by institutional investors.

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.

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