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PYPL   64.51 (+0.86%)
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MSFT   335.94 (+0.16%)
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PFE   38.65 (+0.76%)
PYPL   64.51 (+0.86%)
NFLX   403.54 (+0.77%)
QQQ   354.90 (+0.07%)
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MSFT   335.94 (+0.16%)
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BABA   84.39 (+0.14%)
AMD   117.93 (+0.06%)
T   15.39 (+1.18%)
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MU   67.77 (-2.02%)
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NASDAQ:MGPI

MGP Ingredients (MGPI) Stock Forecast, Price & News

$98.06
-2.67 (-2.65%)
(As of 06/5/2023 ET)
Compare
Today's Range
$96.44
$99.63
50-Day Range
$94.52
$107.18
52-Week Range
$89.01
$125.74
Volume
102,969 shs
Average Volume
127,254 shs
Market Capitalization
$2.15 billion
P/E Ratio
21.27
Dividend Yield
0.49%
Price Target
$124.50

MGP Ingredients MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
27.0% Upside
$124.50 Price Target
Short Interest
Bearish
15.92% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.21
Upright™ Environmental Score
News Sentiment
0.23mentions of MGP Ingredients in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$2.40 M Sold Last Quarter
Proj. Earnings Growth
6.73%
From $5.20 to $5.55 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Consumer Staples Sector

40th out of 138 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

1st out of 1 stocks


MGPI stock logo

About MGP Ingredients (NASDAQ:MGPI) Stock

MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein and starch food ingredients. It operates through the following segments: Distillery Products, Branded Spirits and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. It also includes warehouse services, including barrel put away, barrel storage and barrel retrieval services. The Branded Spirits segment focuses on producing, importing, bottling and rectifying of distilled spirits through distilleries and bottling facilities. The Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company was founded by Cloud L. Cray in 1941 and is headquartered in Atchison, KS.

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MGPI Stock News Headlines

Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
MGP Ingredients: Niche Positioning Could Be Nice
MGP Ingredients acquires Penelope Bourbon
MGP Ingredients to Acquire Penelope Bourbon
MGP Ingredients (MGPI) Receives a Buy from Lake Street
Q1 2023 MGP Ingredients Inc Earnings Call
MGP Ingredients earnings: here's what Wall Street expects
See More Headlines

MGPI Price History

MGPI Company Calendar

Ex-Dividend for 3/24 Dividend
3/09/2023
Dividend Payable
3/24/2023
Last Earnings
5/04/2023
Ex-Dividend for 6/2 Dividend
5/18/2023
Dividend Payable
6/02/2023
Today
6/05/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Beer, wine, & distilled alcoholic beverages
Sub-Industry
N/A
Current Symbol
NASDAQ:MGPI
Employees
672
Year Founded
1941

Price Target and Rating

Average Stock Price Forecast
$124.50
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$115.00
Forecasted Upside/Downside
+26.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$109.46 million
Pretax Margin
16.79%

Debt

Sales & Book Value

Annual Sales
$782.36 million
Cash Flow
$5.76 per share
Book Value
$33.90 per share

Miscellaneous

Free Float
15,651,000
Market Cap
$2.15 billion
Optionable
Optionable
Beta
0.90

Social Links


Key Executives

  • David J. Colo
    President, Chief Executive Officer & Director
  • David Bratcher
    Chief Operating Officer & President-Branded Spirit
  • Brandon M. Gall
    Chief Financial Officer & Vice President-Finance
  • Amel Pasagic
    CIO & Vice President-Information Technology
  • Matt Krusemark
    VP-Distilling Solutions Segment Sales













MGPI Stock - Frequently Asked Questions

Should I buy or sell MGP Ingredients stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGPI shares.
View MGPI analyst ratings
or view top-rated stocks.

What is MGP Ingredients' stock price forecast for 2023?

3 brokerages have issued 12-month price objectives for MGP Ingredients' stock. Their MGPI share price forecasts range from $115.00 to $140.00. On average, they anticipate the company's stock price to reach $124.50 in the next year. This suggests a possible upside of 26.9% from the stock's current price.
View analysts price targets for MGPI
or view top-rated stocks among Wall Street analysts.

How have MGPI shares performed in 2023?

MGP Ingredients' stock was trading at $106.38 at the beginning of the year. Since then, MGPI shares have decreased by 7.8% and is now trading at $98.13.
View the best growth stocks for 2023 here
.

When is MGP Ingredients' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our MGPI earnings forecast
.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) issued its quarterly earnings data on Thursday, May, 4th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.29. The company had revenue of $201.01 million for the quarter, compared to analysts' expectations of $194.43 million. MGP Ingredients had a trailing twelve-month return on equity of 13.86% and a net margin of 12.97%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 earnings per share.

How often does MGP Ingredients pay dividends? What is the dividend yield for MGP Ingredients?

MGP Ingredients announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Friday, May 19th will be given a dividend of $0.12 per share on Friday, June 2nd. This represents a $0.48 annualized dividend and a yield of 0.49%. The ex-dividend date is Thursday, May 18th.
Read our dividend analysis for MGPI
.

Is MGP Ingredients a good dividend stock?

MGP Ingredients (NASDAQ:MGPI) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.48%. The dividend payout ratio is 10.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 8.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGPI.

What guidance has MGP Ingredients issued on next quarter's earnings?

MGP Ingredients updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $5.05-$5.20 for the period, compared to the consensus earnings per share estimate of $5.14. The company issued revenue guidance of $815.00 million-$835.00 million, compared to the consensus revenue estimate of $829.73 million.

What is Gus Griffin's approval rating as MGP Ingredients' CEO?

1 employees have rated MGP Ingredients Chief Executive Officer Gus Griffin on Glassdoor.com. Gus Griffin has an approval rating of 100% among the company's employees. This puts Gus Griffin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MGP Ingredients own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MGP Ingredients investors own include Alibaba Group (BABA), Walt Disney (DIS), JD.com (JD), Intel (INTC), NVIDIA (NVDA), Tencent (TCEHY), Exxon Mobil (XOM), Aimmune Therapeutics (AIMT), Apple Hospitality REIT (APLE) and Boeing (BA).

What is MGP Ingredients' stock symbol?

MGP Ingredients trades on the NASDAQ under the ticker symbol "MGPI."

Who are MGP Ingredients' major shareholders?

MGP Ingredients' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.47%), Champlain Investment Partners LLC (4.39%), Stephens Investment Management Group LLC (3.51%), Dimensional Fund Advisors LP (3.11%), State Street Corp (2.29%) and Southernsun Asset Management LLC (1.70%). Insiders that own company stock include Brandon Gall, David E Dykstra, Donn S Lux, James L Bareuther, Karen Seaberg, Lori LS Mingus, Luxco 2017 Irrevocable Trust D, Michael Rodger Buttshaw, Michele Lux, Stephen J Glaser, Stephen J Glaser and Terrence P Dunn.
View institutional ownership trends
.

How do I buy shares of MGP Ingredients?

Shares of MGPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGP Ingredients' stock price today?

One share of MGPI stock can currently be purchased for approximately $98.13.

How much money does MGP Ingredients make?

MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.15 billion and generates $782.36 million in revenue each year. The company earns $109.46 million in net income (profit) each year or $4.61 on an earnings per share basis.

How many employees does MGP Ingredients have?

The company employs 672 workers across the globe.

Does MGP Ingredients have any subsidiaries?
The following companies are subsidiares of MGP Ingredients: MGP Distilling LLC, MGPI Processing Inc., MGPI of Indiana LLC, and New Columbia Distillers.
Read More
How can I contact MGP Ingredients?

MGP Ingredients' mailing address is 100 Commercial Street, ATCHISON KS, 66002. The official website for the company is www.mgpingredients.com. The company can be reached via phone at (913) 367-1480, via email at investor.relations@mgpingredients.com, or via fax at 913-367-0192.

This page (NASDAQ:MGPI) was last updated on 6/5/2023 by MarketBeat.com Staff

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