NASDAQ:MGPI

MGP Ingredients (MGPI) Stock Forecast, Price & News

$103.66

-1.82 (-1.73%)

(As of 10/2/2023 ET)

Compare

Today's Range: $102.93
▼
$105.71
50-Day Range: $100.67
▼
$123.62
52-Week Range: $90.68
▼
$125.74

Volume: 99,376 shs
Average Volume: 102,677 shs
Market Capitalization: $2.28 billion

P/E Ratio: 21.16
Dividend Yield: 0.46%
Price Target: $130.75

MGP Ingredients MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 26.1% Upside
$130.75 Price Target
Short Interest: Bearish
15.48% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.21
Upright™ Environmental Score
News Sentiment: 0.45
Based on 4 Articles This Week
Insider Trading: Selling Shares
$6.67 M Sold Last Quarter
Proj. Earnings Growth: 11.42%
From $5.43 to $6.05 Per Share

Overall MarketRank^™

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

2.34 out of 5 stars

Consumer Staples Sector

68th out of 136 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

1st out of 1 stocks

3.5

Analyst's Opinion

Consensus Rating
MGP Ingredients has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $130.75, MGP Ingredients has a forecasted upside of 26.1% from its current price of $103.66.
Amount of Analyst Coverage
MGP Ingredients has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
15.48% of the float of MGP Ingredients has been sold short.
Short Interest Ratio / Days to Cover
MGP Ingredients has a short interest ratio ("days to cover") of 24.3, which indicates bearish sentiment.
Change versus previous month
Short interest in MGP Ingredients has recently increased by 1.91%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
MGP Ingredients has a dividend yield of 0.46%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
MGP Ingredients does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of MGP Ingredients is 9.80%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, MGP Ingredients will have a dividend payout ratio of 7.93% next year. This indicates that MGP Ingredients will be able to sustain or increase its dividend.

1.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
MGP Ingredients has received a -28.98% net impact score from Upright. The largest negative impact of Mgp Ingredients in category "Physical diseases" seems to be driven mostly by its "Whiskey", "Gin", and "Vodka" products. See details.
Environmental Sustainability
The Environmental Impact score for MGP Ingredients is -1.21.

1.9

News and Social Media Coverage

News Sentiment
MGP Ingredients has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for MGP Ingredients this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 3 people have added MGP Ingredients to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MGP Ingredients insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,670,375.00 in company stock.
Percentage Held by Insiders
28.70% of the stock of MGP Ingredients is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
77.11% of the stock of MGP Ingredients is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for MGP Ingredients are expected to grow by 11.42% in the coming year, from $5.43 to $6.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MGP Ingredients is 21.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of MGP Ingredients is 21.16, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 17.31.
Price to Earnings Growth Ratio
MGP Ingredients has a PEG Ratio of 1.76. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
MGP Ingredients has a P/B Ratio of 3.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MGP Ingredients (NASDAQ:MGPI) Stock

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients in the United States and internationally. It operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions. The Distillery Solutions segment provides food grade alcohol for beverage applications that include bourbon and rye, whiskeys, as well as grain neutral spirits, include vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel-grade alcohol for blending with gasoline; distillers feed and related co-products, such as distillers feed and corn oil; and warehouse services, include barrel put away, storage, and retrieval, as well as blending services. The Branded Spirits segment provides ultra-premium, super premium, premium, mid, and value branded distilled spirits. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch series, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.

MGPI Price History

30 days | 90 days | 365 days | Advanced Chart

MGPI Stock News Headlines

September 29, 2023 | msn.com

Philip Morris (PM) Offers Growth Targets for 2024-2026 Period

September 29, 2023 | finance.yahoo.com

Post Holdings' (POST) Acquisition & Pricing Strategy Aids

October 3, 2023 | Edge On The Street (Ad)

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September 26, 2023 | msn.com

Campbell Soup (CPB) Benefits From Savings Plan Amid High Costs

September 25, 2023 | americanbankingnews.com

Diageo (OTCMKTS:DGEAF) versus MGP Ingredients (NASDAQ:MGPI) Critical Survey

September 25, 2023 | americanbankingnews.com

Diageo (OTCMKTS:DGEAF) and MGP Ingredients (NASDAQ:MGPI) Head-To-Head Review

September 21, 2023 | msn.com

Vital Farms (VITL) Unveils Ambitious Long-Term Financial Goals

September 18, 2023 | msn.com

Kraft Heinz (KHC) Benefits From Pricing Actions Amid Costs

October 3, 2023 | Edge On The Street (Ad)

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September 17, 2023 | finance.yahoo.com

15 Best Inexpensive Bourbons Under $30 that Don’t Taste Cheap

September 13, 2023 | money.usnews.com

MGP Ingredients, Inc.

September 11, 2023 | finance.yahoo.com

25 Best Bourbon Whiskeys Under $50

September 4, 2023 | seekingalpha.com

MGP Ingredients: Well Positioned To Benefit From Growth In U.S. Spirits

August 25, 2023 | finance.yahoo.com

Hain Celestial (HAIN) Q4 Earnings Meet Mark, Sales Dip Y/Y

August 24, 2023 | finance.yahoo.com

Ross & Squibb Distillery Honors the Repeal of Prohibition with September Release of Remus Repeal Reserve Series VII

August 18, 2023 | finance.yahoo.com

Hormel Foods (HRL) Gains From Capacity Expansions Amid Risks

August 11, 2023 | finance.yahoo.com

J & J Snack Foods (JJSF) Rewards Investors With 5% Dividend Hike

August 8, 2023 | msn.com

Truist Securities Maintains MGP Ingredients (MGPI) Buy Recommendation

August 8, 2023 | markets.businessinsider.com

MGP Ingredients Poised For Growth: Analyst Praises Whiskey Orders And Acquisition Upside

August 3, 2023 | msn.com

MGP (MGPI) Q2 Earnings and Revenues Top Estimates

August 3, 2023 | finance.yahoo.com

MGP Ingredients Reports Record Second Quarter 2023 Results

August 2, 2023 | finance.yahoo.com

What Makes MGP Ingredients (MGPI) an Attractive Investment Opportunity?

August 1, 2023 | markets.businessinsider.com

Truist Financial Reaffirms Their Buy Rating on MGP Ingredients (MGPI)

July 31, 2023 | markets.businessinsider.com

MGP Ingredients' Transformative Acquisitions Set To Enhance Future Valuation: Analyst

July 21, 2023 | msn.com

Implied Volatility Surging for MGP Ingredients (MGPI) Stock Options

July 20, 2023 | finance.yahoo.com

MGP Ingredients Schedules Second Quarter 2023 Conference Call/Webcast for Thursday, August 3

July 17, 2023 | bizjournals.com

MGP Ingredients will close large distilling plant in Atchison

See More Headlines

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MGPI Company Calendar

Last Earnings: 8/03/2023
Ex-Dividend for 9/1 Dividend: 8/17/2023
Dividend Payable: 9/01/2023
Today: 10/03/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Beer, wine, & distilled alcoholic beverages
Sub-Industry: N/A
Sector: Consumer Staples
Current Symbol: NASDAQ:MGPI
CUSIP: N/A
CIK: 835011
Web: www.mgpingredients.com
Phone: (913) 367-1480
Fax: 913-367-0192
Employees: 690
Year Founded: 1941

Price Target and Rating

Average Stock Price Forecast: $130.75
High Stock Price Forecast: $140.00
Low Stock Price Forecast: $118.00
Forecasted Upside/Downside: +26.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.90
Trailing P/E Ratio: 21.16
Forward P/E Ratio: 19.09
P/E Growth: 1.76
Net Income: $109.46 million
Net Margins: 13.55%
Pretax Margin: 17.75%
Return on Equity: 14.39%
Return on Assets: 9.02%

Debt

Debt-to-Equity Ratio: 0.39
Current Ratio: 4.39
Quick Ratio: 1.49

Sales & Book Value

Annual Sales: $782.36 million
Price / Sales: 2.91
Cash Flow: $5.81 per share
Price / Cash Flow: 17.84
Book Value: $33.90 per share
Price / Book: 3.06

Miscellaneous

Outstanding Shares: 21,950,000
Free Float: 15,651,000
Market Cap: $2.28 billion
Optionable: Optionable
Beta: 0.97

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Key Executives

Mr. David J. Colo (Age 60)
Pres, CEO & Director
Comp: $2.36M

Mr. Brandon M. Gall (Age 41)
VP of Fin. & CFO
Comp: $948.9k

Mr. David S. Bratcher (Age 54)
Chief Operating Officer
Comp: $1.1M

Mr. Amel Pasagic
VP of Information Technology & Chief Information Officer

Ms. Erika L. Lapish
VP & Chief HR Officer

Dr. Clodualdo Maningat (Age 68)
Chief Science Officer and VP of Ingredients R&D

Mr. Curtis Landherr
VP, Chief Legal Officer & Corp. Sec.

Mr. Greg Manis
Corp. Director of Communications

Mr. Fletcher R. Buchman
VP of Marketing

Mr. Mark Davidson
Corp. Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MGPI Stock - Frequently Asked Questions

Should I buy or sell MGP Ingredients stock right now?: 3 Wall Street 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 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 equities research analysts have issued twelve-month target prices for MGP Ingredients' shares. Their MGPI share price forecasts range from $118.00 to $140.00. On average, they predict the company's stock price to reach $130.75 in the next twelve months. This suggests a possible upside of 26.1% 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 on January 1st, 2023. Since then, MGPI shares have decreased by 2.6% and is now trading at $103.66.
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, November 2nd 2023.
View our MGPI earnings forecast.
How were MGP Ingredients' earnings last quarter?: MGP Ingredients, Inc. (NASDAQ:MGPI) released its quarterly earnings data on Thursday, August, 3rd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.24. The business earned $209 million during the quarter, compared to the consensus estimate of $205.30 million. MGP Ingredients had a net margin of 13.55% and a trailing twelve-month return on equity of 14.39%. The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS.
How often does MGP Ingredients pay dividends? What is the dividend yield for MGP Ingredients?: MGP Ingredients announced a quarterly dividend on Thursday, August 3rd. Investors of record on Friday, August 18th will be paid a dividend of $0.12 per share on Friday, September 1st. This represents a $0.48 annualized dividend and a yield of 0.46%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for MGPI.
What ETFs hold MGP Ingredients' stock?: ETFs with the largest weight of MGP Ingredients (NASDAQ:MGPI) stock in their portfolio include VegTech Plant-based Innovation & Climate ETF (EATV), Invesco S&P SmallCap Consumer Staples ETF (PSCC), B.A.D. Etf (BAD), AdvisorShares Vice ETF (VICE), Nuveen Small Cap Select ETF (NSCS), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and Syntax Stratified SmallCap ETF (SSLY).
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 0.46%. The dividend payout ratio is 9.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 7.93% 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 issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $5.35-$5.50 for the period, compared to the consensus earnings per share estimate of $5.20. The company issued revenue guidance of $815.00 million-$835.00 million, compared to the consensus revenue estimate of $830.75 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."
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 $103.66.
How much money does MGP Ingredients make?: MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.28 billion and generates $782.36 million in revenue each year. The company earns $109.46 million in net income (profit) each year or $4.90 on an earnings per share basis.
How many employees does MGP Ingredients have?: The company employs 690 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 10/3/2023 by MarketBeat.com Staff

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