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S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
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DOW   33,433.35
QQQ   361.26
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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
0.45mentions of MGP Ingredients in the last 14 days
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


MGPI stock logo

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

MGPI Stock News Headlines

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MGP Ingredients, Inc.
25 Best Bourbon Whiskeys Under $50
Truist Financial Reaffirms Their Buy Rating on MGP Ingredients (MGPI)
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

Industry, Sector and Symbol

Industry
Beer, wine, & distilled alcoholic beverages
Sub-Industry
N/A
Current Symbol
NASDAQ:MGPI
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

Net Income
$109.46 million
Pretax Margin
17.75%

Debt

Sales & Book Value

Annual Sales
$782.36 million
Cash Flow
$5.81 per share
Book Value
$33.90 per share

Miscellaneous

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













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
.

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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