MGP Ingredients (NASDAQ:MGPI) Insider Paul Lux Sells 33,000 Shares of Stock

Key Points

• Insider sale: MGP Ingredients insider Paul Lux sold 33,000 shares at an average price of $17.76, worth $586,080, reducing his ownership by 5.66% to 550,458 shares.
• Quarterly performance: The company reported quarterly EPS of $0.72, exceeding estimates of $0.49, while revenue fell 14.5% year over year to $124.36 million. MGP Ingredients issued full-year 2026 EPS guidance of $1.50–$1.80.
• Stock and outlook: Shares recently traded at $18.15, and the company declared a quarterly dividend of $0.12 per share, or a 2.6% annualized yield. Analysts’ average rating remains Hold, with an average price target of $27.25.

MGP Ingredients, Inc. (NASDAQ:MGPI - Get Free Report) insider Paul Lux sold 33,000 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $17.76, for a total value of $586,080.00. Following the sale, the insider directly owned 550,458 shares of the company's stock, valued at approximately $9,776,134.08. This represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

MGP Ingredients Trading Up 0.5%

Shares of MGP Ingredients stock traded up $0.09 on Monday, reaching $18.15. 43,604 shares of the company were exchanged, compared to its average volume of 238,528. MGP Ingredients, Inc. has a fifty-two week low of $15.72 and a fifty-two week high of $30.01. The firm has a market capitalization of $388.60 million, a price-to-earnings ratio of -1.61 and a beta of 0.47. 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 has a fifty day moving average price of $17.36 and a 200-day moving average price of $18.88.

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

MGP Ingredients Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. MGP Ingredients's payout ratio is currently -4.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its position in MGP Ingredients by 130.3% in the 2nd 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 purchased a new position in shares of MGP Ingredients during the 4th quarter valued at $32,000. Legal & General Group Plc acquired a new position in shares of MGP Ingredients in the second quarter worth $28,000. Quadrant Capital Group LLC increased its stake in shares of MGP Ingredients by 237.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company's stock worth $44,000 after acquiring an additional 1,287 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised 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 acquiring an additional 1,386 shares in the last quarter. 77.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MGPI. TD Cowen raised their price objective on shares of MGP Ingredients from $18.00 to $20.00 and gave the stock a "hold" rating in a research note on Thursday, July 30th. Zacks Research raised shares of MGP Ingredients from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Wells Fargo & Company raised their target price on MGP Ingredients from $21.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of MGP Ingredients in a report on Friday, July 31st. Three 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 company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.25.

MGP Ingredients Company 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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