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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NASDAQ:MGPI

MGP Ingredients Stock Forecast, Price & News

$95.36
+4.42 (+4.86%)
(As of 06/24/2022 06:55 PM ET)
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Today's Range
$91.96
$95.55
50-Day Range
$89.96
$102.31
52-Week Range
$58.40
$104.00
Volume
366,700 shs
Average Volume
120,412 shs
Market Capitalization
$2.10 billion
P/E Ratio
18.77
Dividend Yield
0.50%
Price Target
$99.67
30 days | 90 days | 365 days | Advanced Chart

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MGPI Stock Forecast (MarketRank)

Overall MarketRank

2.71 out of 5 stars

Consumer Staples Sector

33rd out of 188 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

1st out of 1 stocks

Analyst Opinion: 1.5Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 5.0Valuation: 1.3 5 -4 -3 -2 -1 -
MGP Ingredients logo

About MGP Ingredients (NASDAQ:MGPI)

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including 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, including barrel put away, storage, and retrieval services, as well as blending services. The Branded Spirits segment provides ultra-premium, premium, mid, and value branded distilled spirits. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch, 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 primarily in the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.

MGPI Stock News Headlines

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Industry, Sector and Symbol

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

Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 6/3 Dividend
5/19/2022
Dividend Payable
6/03/2022
Today
6/27/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$99.67
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
+4.5%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
3 Analysts

Profitability

Net Income
$91.31 million
Pretax Margin
20.96%

Debt

Sales & Book Value

Annual Sales
$626.72 million
Cash Flow
$4.89 per share
Book Value
$29.33 per share

Miscellaneous

Free Float
13,917,000
Market Cap
$2.10 billion
Optionable
Optionable
Beta
1.13














MGP Ingredients 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 twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGP Ingredients stock.
View analyst ratings for MGP Ingredients
or view top-rated stocks.

What is MGP Ingredients' stock price forecast for 2022?

3 Wall Street analysts have issued 1-year price targets for MGP Ingredients' shares. Their MGPI stock forecasts range from $99.00 to $100.00. On average, they predict MGP Ingredients' stock price to reach $99.67 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts' price targets for MGP Ingredients
or view top-rated stocks among Wall Street analysts.

How has MGP Ingredients' stock performed in 2022?

MGP Ingredients' stock was trading at $84.99 on January 1st, 2022. Since then, MGPI shares have increased by 12.2% and is now trading at $95.36.
View the best growth stocks for 2022 here
.

When is MGP Ingredients' next earnings date?

MGP Ingredients is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for MGP Ingredients
.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) announced its earnings results on Thursday, May, 5th. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.73. The business earned $195.24 million during the quarter, compared to analyst estimates of $173.60 million. MGP Ingredients had a trailing twelve-month return on equity of 17.20% and a net margin of 15.82%. The firm's revenue for the quarter was up 80.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS.
View MGP Ingredients' earnings history
.

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

MGP Ingredients declared a quarterly dividend on Thursday, May 5th. Stockholders of record on Friday, May 20th will be paid a dividend of $0.12 per share on Friday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Thursday, May 19th.
View MGP Ingredients' dividend history
.

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 0.50%. The dividend payout ratio of MGP Ingredients is 9.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGP Ingredients will have a dividend payout ratio of 10.30% next year. This indicates that MGP Ingredients will be able to sustain or increase its dividend.
View MGP Ingredients' dividend history.

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

MGP Ingredients updated its FY 2022 earnings guidance on Monday, May, 23rd. The company provided EPS guidance of $4.15-$4.35 for the period, compared to the consensus estimate of $4.00. The company issued revenue guidance of $690.00 million-$715.00 million, compared to the consensus revenue estimate of $706.80 million.

Who are MGP Ingredients' key executives?

MGP Ingredients' management team includes the following people:
  • Mr. David J. Colo, Pres, CEO & Director (Age 59, Pay $2.09M)
  • Mr. Brandon M. Gall, VP of Fin. & CFO (Age 40, Pay $851.55k)
  • Mr. David S. Bratcher, COO & Pres of Branded Spirits (Age 54, Pay $932.62k)
  • Dr. Clodualdo Maningat, Chief Science Officer and VP of Ingredients R&D (Age 67)
  • Mr. Amel Pasagic, VP of Information Technology & Chief Information Officer
  • Mr. Greg Manis, Corp. Director of Communications
  • Mr. Fletcher R. Buchman, VP of Marketing
  • Erika L. Lapish, VP of HR
  • Mr. Mark Davidson, Corp. Controller

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

1 employees have rated MGP Ingredients CEO Gus Griffin on Glassdoor.com. Gus Griffin has an approval rating of 100% among MGP Ingredients' 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 a variety of institutional and retail investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (17.01%), BlackRock Inc. (9.74%), Champlain Investment Partners LLC (6.37%), Stephens Investment Management Group LLC (5.51%), Vanguard Group Inc. (4.57%) and Dimensional Fund Advisors LP (2.88%). Company insiders that own MGP Ingredients stock include Augustus C Griffin, Brandon Gall, David Colo, David E Dykstra, Donn S Lux, James L Bareuther, Karen Seaberg, Lori LS Mingus, Michael Rodger Buttshaw, Michele Lux, Stephen J Glaser, Stephen J Glaser and Terrence P Dunn.
View institutional ownership trends for MGP Ingredients
.

Which major investors are selling MGP Ingredients stock?

MGPI stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Arrowstreet Capital Limited Partnership, Champlain Investment Partners LLC, Invesco Ltd., Meros Investment Management LP, Stephens Investment Management Group LLC, Southernsun Asset Management LLC, and Dimensional Fund Advisors LP. Company insiders that have sold MGP Ingredients company stock in the last two years include David E Dykstra, James L Bareuther, Karen Seaberg, Lori LS Mingus, Michael Rodger Buttshaw, Stephen J Glaser, and Terrence P Dunn.
View insider buying and selling activity for MGP Ingredients
or view top insider-selling stocks.

Which major investors are buying MGP Ingredients stock?

MGPI stock was bought by a variety of institutional investors in the last quarter, including Leeward Investments LLC MA, Lord Abbett & CO. LLC, Portolan Capital Management LLC, American Century Companies Inc., Confluence Investment Management LLC, Divisadero Street Capital Management LP, Victory Capital Management Inc., and Vanguard Group Inc.. Company insiders that have bought MGP Ingredients stock in the last two years include Brandon Gall, Donn S Lux, and Michele Lux.
View insider buying and selling activity for MGP Ingredients
or or view top insider-buying stocks.

How do I buy shares of MGP Ingredients?

Shares of MGPI 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 $95.36.

How much money does MGP Ingredients make?

MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.10 billion and generates $626.72 million in revenue each year. The company earns $91.31 million in net income (profit) each year or $5.079990 on an earnings per share basis.

How many employees does MGP Ingredients have?

MGP Ingredients employs 672 workers across the globe.

How can I contact MGP Ingredients?

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

This page (NASDAQ:MGPI) was last updated on 6/27/2022 by MarketBeat.com Staff

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