MGP Ingredients Company Profile (NASDAQ:MGPI)

About MGP Ingredients (NASDAQ:MGPI)

MGP Ingredients logoMGP Ingredients, Inc. is a producer and supplier of distilled spirits, and specialty wheat protein and starch food ingredients. The Company's distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Company's segments include distillery products and ingredient solutions. The distillery products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. The ingredient solutions segment consists of specialty starches and proteins, commodity starches and commodity proteins. The distillery products segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. It is also a producer of industrial alcohol for use in both food and non-food applications. The Company's distillery products are derived from corn and other grains (including rye, barley, wheat, barley malt and milo), and its ingredient products are derived from wheat flour.

Industry, Sector and Symbol:
  • Sector: Consumer Staples
  • Industry: Processed & Packaged Goods
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MGPI
  • CUSIP: N/A
  • Web: www.mgpingredients.com
Capitalization:
  • Market Cap: $871.71 million
  • Outstanding Shares: 16,709,000
Average Prices:
  • 50 Day Moving Avg: $53.36
  • 200 Day Moving Avg: $48.96
  • 52 Week Range: $31.00 - $58.00
P/E:
  • Trailing P/E Ratio: 27.31
  • Foreward P/E Ratio: 25.70
  • P/E Growth: 2.02
Sales & Book Value:
  • Annual Revenue: $328.6 million
  • Price / Sales: 2.65
  • Book Value: $9.22 per share
  • Price / Book: 5.66
Dividend:
  • Annual Dividend: $0.08
  • Dividend Yield: 0.3%
Profitability:
  • EBIDTA: $49.94 million
  • Net Margins: 9.02%
  • Return on Equity: 22.96%
  • Return on Assets: 14.06%
Debt:
  • Debt-to-Equity Ratio: 0.30%
  • Current Ratio: 3.48%
  • Quick Ratio: 1.17%
Misc:
  • Average Volume: 171,173 shs.
  • Beta: 1.31
  • Short Ratio: 11.2
 

Frequently Asked Questions for MGP Ingredients (NASDAQ:MGPI)

What is MGP Ingredients' stock symbol?

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

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

MGP Ingredients declared a quarterly dividend on Thursday, May 4th. Stockholders of record on Monday, May 15th will be given a dividend of $0.04 per share on Friday, June 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Thursday, May 11th. View MGP Ingredients' Dividend History.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients Inc (NASDAQ:MGPI) released its quarterly earnings results on Thursday, May, 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.04. The business earned $87.20 million during the quarter, compared to analysts' expectations of $78.36 million. MGP Ingredients had a return on equity of 22.96% and a net margin of 9.02%. The firm's revenue for the quarter was up 13.5% compared to the same quarter last year. View MGP Ingredients' Earnings History.

Where is MGP Ingredients' stock going? Where will MGP Ingredients' stock price be in 2017?

3 analysts have issued 1-year price objectives for MGP Ingredients' shares. Their predictions range from $50.00 to $70.00. On average, they anticipate MGP Ingredients' stock price to reach $60.67 in the next twelve months. View Analyst Ratings for MGP Ingredients.

Who are some of MGP Ingredients' key competitors?

Who owns MGP Ingredients stock?

MGP Ingredients' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Raymond James Financial Services Advisors Inc. (26.26%), Neuberger Berman Group LLC (6.64%), TimesSquare Capital Management LLC (5.83%), Dimensional Fund Advisors LP (4.93%), Stephens Investment Management Group LLC (4.58%) and Conestoga Capital Advisors LLC (4.12%). Company insiders that own MGP Ingredients stock include Augustus C Griffin, Daryl Schaller, David E Dykstra, David E Rindom, George W Page Jr, John P Bridendall, K Pigott Thomas, Karen Seaberg, M Jeannine Strandjord and Stephen J Glaser. View Institutional Ownership Trends for MGP Ingredients.

Who sold MGP Ingredients stock? Who is selling MGP Ingredients stock?

MGP Ingredients' stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Raymond James Financial Services Advisors Inc., Wellington Management Group LLP, Beaconlight Capital LLC, Russell Investments Group Ltd., EAM Investors LLC, Morgan Stanley and Walthausen & Co. LLC. Company insiders that have sold MGP Ingredients stock in the last year include Daryl Schaller, David E Dykstra, David E Rindom, Karen Seaberg and Stephen J Glaser. View Insider Buying and Selling for MGP Ingredients.

Who bought MGP Ingredients stock? Who is buying MGP Ingredients stock?

MGP Ingredients' stock was acquired by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Thrivent Financial For Lutherans, TimesSquare Capital Management LLC, Goldman Sachs Group Inc., Kornitzer Capital Management Inc. KS, Stephens Investment Management Group LLC, Vanguard Group Inc. and Renaissance Technologies LLC. Company insiders that have bought MGP Ingredients stock in the last two years include Augustus C Griffin, George W Page Jr, John P Bridendall, K Pigott Thomas, M Jeannine Strandjord and Stephen J Glaser. View Insider Buying and Selling for MGP Ingredients.

How do I buy MGP Ingredients stock?

Shares of MGP Ingredients can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of MGP Ingredients stock cost?

One share of MGP Ingredients stock can currently be purchased for approximately $52.17.

Analyst Ratings

Consensus Ratings for MGP Ingredients (NASDAQ:MGPI) (?)
Ratings Breakdown: 1 Hold Rating, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $60.67 (16.29% upside)

Analysts' Ratings History for MGP Ingredients (NASDAQ:MGPI)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/15/2017SidotiDowngradeBuy -> NeutralN/AView Rating Details
5/6/2017Craig HallumSet Price TargetBuy$70.00LowView Rating Details
6/23/2016SunTrust Banks, Inc.Initiated CoverageBuy$50.00N/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for MGP Ingredients (NASDAQ:MGPI)
Earnings by Quarter for MGP Ingredients (NASDAQ:MGPI)
Earnings History by Quarter for MGP Ingredients (NASDAQ:MGPI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/20173/31/2017$0.46$0.50$78.36 million$87.20 millionViewListenView Earnings Details
3/8/2017Q4 2016$0.39$0.48$81.01 million$85.00 millionViewListenView Earnings Details
11/2/2016Q216$0.31$0.55$84.48 million$79.90 millionViewN/AView Earnings Details
8/3/2016Q2$0.40$0.37$92.07 million$82.17 millionViewN/AView Earnings Details
3/10/2016Q415$0.38$83.90 million$85.07 millionViewN/AView Earnings Details
8/6/2015Q215$0.44$85.90 million$92.07 millionViewN/AView Earnings Details
5/7/2015Q115$0.28$80.41 millionViewN/AView Earnings Details
3/12/2014Q413($0.02)$86.35 million$80.94 millionViewN/AView Earnings Details
11/11/2013Q3($0.37)ViewN/AView Earnings Details
8/5/2013Q213$0.02$87.26 million$83.71 millionViewN/AView Earnings Details
5/6/2013Q1 2014$0.08$86.34 million$86.40 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MGP Ingredients (NASDAQ:MGPI)
2017 EPS Consensus Estimate: $1.69
2018 EPS Consensus Estimate: $1.99
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.43$0.46$0.45
Q2 20172$0.39$0.44$0.42
Q3 20172$0.30$0.39$0.35
Q4 20172$0.46$0.50$0.48
Q1 20182$0.47$0.55$0.51
Q2 20182$0.42$0.52$0.47
Q3 20182$0.32$0.48$0.40
Q4 20181$0.61$0.61$0.61
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for MGP Ingredients (NASDAQ:MGPI)
Next Dividend:6/9/2017
Annual Dividend:$0.08
Dividend Yield:0.15%
Payout Ratio:4.68% (Trailing 12 Months of Earnings)
4.52% (Based on This Year's Estimates)
3.94% (Based on Next Year's Estimates)
Dividend Payments by Quarter for MGP Ingredients (NASDAQ:MGPI)

Dividend History by Quarter for MGP Ingredients (NASDAQ:MGPI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/4/2017quarterly$0.040.28%5/11/20175/15/20176/9/2017
2/17/2017quarterly$0.040.36%2/10/20173/1/20173/24/2017
11/2/2016quarterly$0.020.2%11/9/201611/14/201612/8/2016
8/3/2016quarterly$0.020.23%8/11/20168/15/20169/8/2016
3/10/2016annual$0.080.36%3/17/20163/21/20164/14/2016
3/13/2015annual$0.060.39%3/24/20153/26/20154/21/2015
3/5/2014quarterly$0.050.84%3/13/20143/17/20144/9/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for MGP Ingredients (NASDAQ:MGPI)
Insider Ownership Percentage: 29.50%
Institutional Ownership Percentage: 88.93%
Insider Trades by Quarter for MGP Ingredients (NASDAQ:MGPI)
Institutional Ownership by Quarter for MGP Ingredients (NASDAQ:MGPI)
Insider Trades by Quarter for MGP Ingredients (NASDAQ:MGPI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/4/2017Karen SeabergDirectorSell5,235$56.73$296,981.55View SEC Filing  
4/26/2017Karen SeabergDirectorSell4,629$54.00$249,966.00View SEC Filing  
4/6/2017Karen SeabergDirectorSell7,067$53.80$380,204.60View SEC Filing  
3/17/2017David E DykstraVPSell5,353$55.34$296,235.02View SEC Filing  
3/14/2017David E RindomVPSell22,213$51.05$1,133,973.65View SEC Filing  
3/13/2017Stephen J GlaserVPBuy281$49.61$13,940.41View SEC Filing  
12/12/2016Karen SeabergDirectorSell19,100$49.92$953,472.00View SEC Filing  
11/16/2016Daryl SchallerDirectorSell35,000$44.03$1,541,050.00View SEC Filing  
11/4/2016Karen SeabergDirectorSell256$39.42$10,091.52View SEC Filing  
9/16/2016David E RindomVPSell7,323$40.04$293,212.92View SEC Filing  
9/14/2016David E RindomVPSell600$40.75$24,450.00View SEC Filing  
9/9/2016Augustus C GriffinInsiderBuy3,000$38.42$115,260.00View SEC Filing  
9/6/2016David E RindomVPSell14,435$40.62$586,349.70View SEC Filing  
9/2/2016David E RindomVPSell4,277$40.39$172,748.03View SEC Filing  
9/1/2016David E RindomVPSell5,000$40.25$201,250.00View SEC Filing  
8/30/2016Stephen J. GlaserVPSell5,187$40.08$207,894.96View SEC Filing  
3/14/2016John P BridendallDirectorBuy5,000$21.95$109,750.00View SEC Filing  
12/17/2015Augustus C GriffinCEOBuy3,000$24.14$72,420.00View SEC Filing  
12/7/2015Stephen J GlaserVPSell44$22.48$989.12View SEC Filing  
11/23/2015K. Pigott ThomasCFOBuy2,500$18.60$46,500.00View SEC Filing  
8/25/2015M Jeannine StrandjordDirectorBuy5,000$14.93$74,650.00View SEC Filing  
6/25/2015George W Page JrDirectorBuy2,000$16.50$33,000.00View SEC Filing  
6/5/2015Augustus C GriffinCEOBuy5,000$17.17$85,850.00View SEC Filing  
12/16/2014Augustus C GriffinCEOBuy9,000$15.95$143,550.00View SEC Filing  
11/18/2014M Jeannine StrandjordDirectorBuy5,000$12.37$61,850.00View SEC Filing  
11/17/2014Augustus C GriffinCEOBuy2,000$12.33$24,660.00View SEC Filing  
11/17/2014John P BridendallDirectorBuy20,000$12.48$249,600.00View SEC Filing  
9/15/2014George W Page JrDirectorBuy4,000$10.59$42,360.00View SEC Filing  
9/12/2014Augustus C GriffinCEOBuy2,400$12.26$29,424.00View SEC Filing  
8/19/2014George W Page JrDirectorBuy1,500$11.34$17,010.00View SEC Filing  
8/14/2014George W Page JrDirectorBuy1,000$9.35$9,350.00View SEC Filing  
8/13/2014Anthony P FoglioDirectorBuy5,000$9.71$48,550.00View SEC Filing  
8/12/2014George W Page JrDirectorBuy2,500$9.11$22,775.00View SEC Filing  
5/27/2014Terrence P DunnDirectorBuy25,000$6.70$167,500.00View SEC Filing  
5/13/2014John P BridendallDirectorBuy22,100$5.75$127,075.00View SEC Filing  
3/17/2014M Jeannine StrandjordDirectorBuy5,000$6.14$30,700.00View SEC Filing  
12/6/2013Michael BraudeDirectorSell60,121$5.29$318,040.09View SEC Filing  
12/12/2012Karen SeabergDirectorSell3,910$3.41$13,333.10View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for MGP Ingredients (NASDAQ:MGPI)
Latest Headlines for MGP Ingredients (NASDAQ:MGPI)
Source:
DateHeadline
finance.yahoo.com logoMGP Ingredients to Webcast Annual Meeting on June 1, 2017
finance.yahoo.com - May 26 at 4:04 AM
americanbankingnews.com logo$84.53 Million in Sales Expected for MGP Ingredients Inc (MGPI) This Quarter
www.americanbankingnews.com - May 19 at 11:50 PM
americanbankingnews.com logo$0.41 EPS Expected for MGP Ingredients Inc (MGPI) This Quarter
www.americanbankingnews.com - May 17 at 8:18 AM
americanbankingnews.com logoMGP Ingredients Inc (MGPI) Lifted to "Buy" at Zacks Investment Research
www.americanbankingnews.com - May 14 at 11:30 PM
finance.yahoo.com logoMGP Ingredients, Inc. : MGPI-US: Dividend Analysis : May 15th, 2017 (record date) : By the numbers : May 11, 2017
finance.yahoo.com - May 11 at 7:00 PM
americanbankingnews.com logoInsider Selling: MGP Ingredients Inc (MGPI) Director Sells 5,235 Shares of Stock
www.americanbankingnews.com - May 8 at 7:57 PM
americanbankingnews.com logoQ3 2017 EPS Estimates for MGP Ingredients Inc (MGPI) Cut by Analyst
www.americanbankingnews.com - May 8 at 8:52 AM
americanbankingnews.com logoSidoti Downgrades MGP Ingredients Inc (MGPI) to Neutral
www.americanbankingnews.com - May 5 at 12:34 PM
finance.yahoo.com logoEdited Transcript of MGPI earnings conference call or presentation 4-May-17 2:00pm GMT
finance.yahoo.com - May 4 at 11:40 PM
americanbankingnews.com logoMGP Ingredients Inc (MGPI) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS
www.americanbankingnews.com - May 4 at 10:26 PM
americanbankingnews.com logoMGP Ingredients Inc (MGPI) Plans $0.04 Quarterly Dividend
www.americanbankingnews.com - May 4 at 8:42 PM
finance.yahoo.com logoMGP Ingredients Reports First Quarter 2017 Results
finance.yahoo.com - May 4 at 11:39 AM
finance.yahoo.com logoInvestor Network: MGP Ingredients, Inc. to Host Earnings Call
finance.yahoo.com - May 4 at 11:39 AM
marketbeat.com logoMGP posts 1Q profit
marketbeat.com - May 4 at 9:49 AM
americanbankingnews.com logoMGP Ingredients (MGPI) Given Daily Coverage Optimism Score of 0.56
www.americanbankingnews.com - May 2 at 4:16 PM
americanbankingnews.com logoMGP Ingredients (MGPI) Earns Daily Media Sentiment Score of 0.05
www.americanbankingnews.com - April 29 at 1:17 PM
americanbankingnews.com logoInsider Selling: MGP Ingredients Inc (MGPI) Director Sells 4,629 Shares of Stock
www.americanbankingnews.com - April 29 at 1:10 AM
americanbankingnews.com logoMGP Ingredients (MGPI) Receiving Favorable Media Coverage, Study Finds
www.americanbankingnews.com - April 27 at 1:10 AM
americanbankingnews.com logoZacks: Brokerages Expect MGP Ingredients Inc (MGPI) Will Announce Earnings of $0.46 Per Share
www.americanbankingnews.com - April 26 at 1:33 PM
americanbankingnews.com logoMGP Ingredients Inc (MGPI) Short Interest Down 4.3% in March
www.americanbankingnews.com - April 26 at 12:40 AM
americanbankingnews.com logoZacks: MGP Ingredients Inc (MGPI) Given $60.00 Consensus Price Target by Analysts
www.americanbankingnews.com - April 20 at 3:19 PM
finance.yahoo.com logoMGP Ingredients Schedules First Quarter 2017 Conference Call/Webcast for Thursday, May 4
finance.yahoo.com - April 19 at 10:35 AM
americanbankingnews.com logoMGP Ingredients (MGPI) Given Daily Coverage Optimism Rating of 0.06
www.americanbankingnews.com - April 14 at 7:33 PM
americanbankingnews.com logoMGP Ingredients Inc (MGPI) Given a $60.00 Price Target by Craig Hallum Analysts
www.americanbankingnews.com - April 13 at 6:14 PM
americanbankingnews.com logoMGP Ingredients Inc (MGPI) Director Karen Seaberg Sells 7,067 Shares
www.americanbankingnews.com - April 10 at 7:51 PM
americanbankingnews.com logoInsider Selling: MGP Ingredients Inc (MGPI) VP Sells 5,353 Shares of Stock
www.americanbankingnews.com - March 21 at 7:37 PM
finance.yahoo.com logoMGP Ingredients to Webcast Analyst Day
finance.yahoo.com - March 16 at 7:15 PM
americanbankingnews.com logoStephen J. Glaser Purchases 281 Shares of MGP Ingredients Inc (MGPI) Stock
www.americanbankingnews.com - March 15 at 12:24 AM
americanbankingnews.com logoZacks: Analysts Set $55.00 Target Price for MGP Ingredients Inc (MGPI)
www.americanbankingnews.com - March 13 at 2:48 PM
americanbankingnews.com logoMGP Ingredients Inc to Post Q1 2017 Earnings of $0.46 Per Share, SunTrust Banks Forecasts (MGPI)
www.americanbankingnews.com - March 9 at 12:22 PM
finance.yahoo.com logoEdited Transcript of MGPI earnings conference call or presentation 8-Mar-17 3:00pm GMT
finance.yahoo.com - March 9 at 12:18 AM
marketwatch.com logoMGP Ingredients shares surge 8% after better-than-expected quarterly earnings
www.marketwatch.com - March 8 at 7:16 PM
biz.yahoo.com logoQ4 2016 MGP Ingredients Inc Earnings Release - Before Market Open
us.rd.yahoo.com - March 8 at 9:42 AM
us.rd.yahoo.com logoMGP Ingredients Reports Strong Fourth Quarter and 2016 Results
us.rd.yahoo.com - March 8 at 9:42 AM
biz.yahoo.com logoMGP INGREDIENTS INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Fina
us.rd.yahoo.com - March 8 at 9:42 AM
us.rd.yahoo.com logo7:33 am MGP Ingredients beats by $0.09, beats on revs; reaffirms FY17 guidance metrics
us.rd.yahoo.com - March 8 at 9:42 AM
biz.yahoo.com logoMGP INGREDIENTS INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial St
biz.yahoo.com - March 1 at 10:56 AM
finance.yahoo.com logoMGP Ingredients Schedules Fourth Quarter and Full Year 2016 Conference Call/Webcast for Wednesday, March 8
finance.yahoo.com - February 21 at 6:22 PM
finance.yahoo.com logoMGP Ingredients Declares $0.04 Quarterly Dividend
finance.yahoo.com - February 17 at 3:15 PM
biz.yahoo.com logoMGP INGREDIENTS INC Files SEC form 8-K, Other Events
biz.yahoo.com - February 17 at 3:15 PM
finance.yahoo.com logoTill American Wheat Vodka Receives New Award at New York International Spirits Competition
finance.yahoo.com - February 16 at 6:07 PM
bizjournals.com logo6 area companies had a really good January, one other not so much
www.bizjournals.com - February 3 at 7:16 PM
finance.yahoo.com logoCoverage initiated on MGP Ingredients by Sidoti
finance.yahoo.com - February 1 at 7:24 PM
streetinsider.com logoForm 4 MGP INGREDIENTS INC For: Jan 13 Filed by: Page George W Jr
www.streetinsider.com - January 25 at 7:58 PM
seekingalpha.com logoIntoxicated By The Illusion Of Upside In MGP Ingredients' Whiskey Story, Investors Are Ignoring Accounting Issues And 60-70% Downside Potential
seekingalpha.com - January 13 at 5:06 AM
finance.yahoo.com logoAccomplished Beverage Industry Executive Andrew Mansinne Joins MGP as Vice President of Brands
finance.yahoo.com - November 16 at 9:50 AM
bizjournals.com logoMGP acquires whiskey named after 'King of the Bootleggers'
www.bizjournals.com - November 8 at 5:44 PM
finance.yahoo.com logo3:07 pm MGP Ingredients acquired George Remus whiskey brand from Queen City Whiskey; Terms of the cash transaction were not disclosed
finance.yahoo.com - November 7 at 6:43 PM
finance.yahoo.com logoMGP Announces Acquisition of George Remus Whiskey Brand
finance.yahoo.com - November 7 at 6:43 PM
finance.yahoo.com logoMGP INGREDIENTS INC Financials
finance.yahoo.com - November 5 at 6:07 PM

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Chart

MGP Ingredients (MGPI) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff