MGP Ingredients Company Profile (NASDAQ:MGPI)

About MGP Ingredients

MGP Ingredients logoMGP Ingredients, Inc. is a holding company. The Company's principal operating subsidiaries are MGPI Processing, Inc. and MGPI of Indiana, LLC (MGPI-I). The Company produces and supplies distilled spirits, and wheat proteins and starches. The Company's distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Company also produces industrial alcohol for use in both food and non-food applications. Its distillery products are derived from corn and other grains, including rye, barley, wheat, barley malt and milo. The Company operates through two segments: distillery products and ingredient solutions. Its distillery products segment consists of food grade alcohol and co-products of its distillery operations, including distillers feed, fuel grade alcohol and corn oil. Its ingredient solutions segment consists of specialty wheat starches, specialty wheat proteins, commodity wheat starch and commodity wheat protein or vital wheat gluten.

Industry, Sector and Symbol:
  • Sector: Consumer Staples
  • Industry: Processed & Packaged Goods
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: MGPI
  • CUSIP:
Key Metrics:
  • Previous Close: $43.95
  • 50 Day Moving Average: $44.16
  • 200 Day Moving Average: $42.76
  • 52-Week Range: $16,658,000.00 - $21.44
  • Trailing P/E Ratio: 25.69
  • Foreward P/E Ratio: 26.48
  • P/E Growth: 1.76
  • Market Cap: $732.12M
  • Outstanding Shares: 16,658,000
  • Beta: 1.31
Profitability:
  • 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%
Additional Links:
Companies Related to MGP Ingredients:

Analyst Ratings

Consensus Ratings for MGP Ingredients (NASDAQ:MGPI) (?)
Ratings Breakdown: 3 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $53.33 (21.35% upside)

Analysts' Ratings History for MGP Ingredients (NASDAQ:MGPI)
Show:
DateFirmActionRatingPrice TargetDetails
2/1/2017SidotiInitiated CoverageBuy$60.00View Rating Details
1/15/2017Craig HallumSet Price TargetBuy$50.00View Rating Details
6/23/2016SunTrust Banks, Inc.Initiated CoverageBuy$50.00View Rating Details
(Data available from 2/26/2015 forward)

Earnings

Earnings History for MGP Ingredients (NASDAQ:MGPI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/8/2017        
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$0.28ViewN/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)
Current Year EPS Consensus Estimate: $1.67 EPS
Next Year EPS Consensus Estimate: $1.66 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20161$0.41$0.41$0.41
Q3 20161$0.35$0.35$0.35
Q4 20162$0.34$0.43$0.39
Q1 20172$0.43$0.43$0.43
Q2 20172$0.39$0.39$0.39
Q3 20172$0.30$0.43$0.37
Q4 20172$0.46$0.48$0.47
Q1 20181$0.47$0.47$0.47
Q2 20181$0.42$0.42$0.42
Q3 20181$0.32$0.32$0.32
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for MGP Ingredients (NASDAQ:MGPI)
Annual Dividend:$0.08
Dividend Yield:0.18%
Payout Ratio:4.68% (Based on Trailing 12 Months of Earnings)
4.79% (Based on Current Year Consensus EPS Estimate)
4.82% (Based on Next Year Consensus EPS Estimate)

Dividend History for MGP Ingredients (NASDAQ:MGPI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for MGP Ingredients (NASDAQ:MGPI)
Insider Ownership Percentage: 29.50%
Institutional Ownership Percentage: 88.93%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for MGP Ingredients (NASDAQ:MGPI)
DateHeadline
News IconHigh West’s Taxidermy Whiskey Bourbon-Rye Mash-Up Is Back Again (NASDAQ:MGPI)
www.mensjournal.com - February 23 at 7:46 AM
finance.yahoo.com logoMGP Ingredients Schedules Fourth Quarter and Full Year 2016 Conference Call/Webcast for Wednesday, March 8 (NASDAQ:MGPI)
finance.yahoo.com - February 21 at 6:22 PM
finance.yahoo.com logoMGP Ingredients Declares $0.04 Quarterly Dividend (NASDAQ:MGPI)
finance.yahoo.com - February 17 at 3:15 PM
biz.yahoo.com logoMGP INGREDIENTS INC Files SEC form 8-K, Other Events (NASDAQ:MGPI)
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 (NASDAQ:MGPI)
finance.yahoo.com - February 16 at 6:07 PM
News IconSeaberg left impact on Atchison, Kansas (NASDAQ:MGPI)
www.newspressnow.com - February 4 at 11:31 PM
bizjournals.com logo6 area companies had a really good January, one other not so much (NASDAQ:MGPI)
www.bizjournals.com - February 3 at 7:16 PM
News IconTieton Capital Management LLC Lowered Mgp Ingredients (MGPI) Holding by $3.52 Million (NASDAQ:MGPI)
randolphguide.com - February 3 at 7:16 PM
News IconMGP Mourns Passing of Former Board Chair and CEO Ladd Seaberg (NASDAQ:MGPI)
www.pressreleasepoint.com - February 2 at 12:26 AM
finance.yahoo.com logoCoverage initiated on MGP Ingredients by Sidoti (NASDAQ:MGPI)
finance.yahoo.com - February 1 at 7:24 PM
4-traders.com logoMGP Ingredients : Inquiries continue into MGP plume (NASDAQ:MGPI)
www.4-traders.com - January 28 at 12:05 AM
streetinsider.com logoForm 4 MGP INGREDIENTS INC For: Jan 13 Filed by: Page George W Jr (NASDAQ:MGPI)
www.streetinsider.com - January 25 at 7:58 PM
News IconSeitan Market Research Study including Growth Factors, Types and Application by Regional Geography 2017 (NASDAQ:MGPI)
www.emailwire.com - January 13 at 5:06 AM
seekingalpha.com logoIntoxicated By The Illusion Of Upside In MGP Ingredients' Whiskey Story, Investors Are Ignoring Accounting Issues And 60-70% Downside Potential (NASDAQ:MGPI)
seekingalpha.com - January 13 at 5:06 AM
capitalcube.com logoMGP Ingredients, Inc. : MGPI-US: Dividend Analysis : November 14th, 2016 (record date) : By the numbers : January 10, 2017 (NASDAQ:MGPI)
www.capitalcube.com - January 10 at 7:24 PM
capitalcube.com logoETFs with exposure to MGP Ingredients, Inc. : December 30, 2016 (NASDAQ:MGPI)
www.capitalcube.com - December 30 at 6:53 PM
4-traders.com logoMGP Ingredients : Board Chair Adopts 10b5-1 Share Trading Plan (NASDAQ:MGPI)
www.4-traders.com - December 22 at 11:51 PM
News IconNew study: Seitan market growth overview and projections to 2021 in a new report (NASDAQ:MGPI)
www.whatech.com - December 21 at 9:04 AM
publicnow.com logoMGP Board Chair Adopts 10b5-1 Share Trading Plan (NASDAQ:MGPI)
www.publicnow.com - December 21 at 9:04 AM
capitalcube.com logoETFs with exposure to MGP Ingredients, Inc. : December 19, 2016 (NASDAQ:MGPI)
www.capitalcube.com - December 20 at 12:27 PM
insidermonkey.com logoShould You Buy MGP Ingredients Inc (MGPI)? (NASDAQ:MGPI)
www.insidermonkey.com - December 14 at 7:14 PM
News IconResearch details developments in the meat substitute market that is expected to reach $5.2 billion, globally by 2020 (NASDAQ:MGPI)
www.whatech.com - December 12 at 10:21 AM
capitalcube.com logoETFs with exposure to MGP Ingredients, Inc. : December 8, 2016 (NASDAQ:MGPI)
www.capitalcube.com - December 8 at 7:06 PM
capitalcube.com logoETFs with exposure to MGP Ingredients, Inc. : November 23, 2016 (NASDAQ:MGPI)
www.capitalcube.com - November 23 at 6:13 PM
News IconMGP Ingredients Inc. - Chart Of The Day (NASDAQ:MGPI)
www.talkmarkets.com - November 22 at 10:19 AM
capitalcube.com logoMGP Ingredients, Inc. :MGPI-US: Earnings Analysis: Q3, 2016 By the Numbers : November 18, 2016 (NASDAQ:MGPI)
www.capitalcube.com - November 18 at 5:47 PM
finance.yahoo.com logoAccomplished Beverage Industry Executive Andrew Mansinne Joins MGP as Vice President of Brands (NASDAQ:MGPI)
finance.yahoo.com - November 16 at 9:50 AM
News IconNew owner for Cincinnati's George Remus whiskey (NASDAQ:MGPI)
www.cincinnati.com - November 9 at 5:58 PM
bizjournals.com logoMGP acquires whiskey named after 'King of the Bootleggers' (NASDAQ:MGPI)
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 (NASDAQ:MGPI)
finance.yahoo.com - November 7 at 6:43 PM
finance.yahoo.com logoMGP Announces Acquisition of George Remus Whiskey Brand (NASDAQ:MGPI)
finance.yahoo.com - November 7 at 6:43 PM
finance.yahoo.com logoMGP INGREDIENTS INC Financials (NASDAQ:MGPI)
finance.yahoo.com - November 5 at 6:07 PM
nasdaq.com logoNotable Friday Option Activity: MGPI, DEPO, ACN (NASDAQ:MGPI)
www.nasdaq.com - November 5 at 8:26 AM
capitalcube.com logoMGP Ingredients, Inc. breached its 50 day moving average in a Bearish Manner : MGPI-US : November 4, 2016 (NASDAQ:MGPI)
www.capitalcube.com - November 4 at 9:23 AM
capitalcube.com logoMGP Ingredients, Inc.: Fading performance but may be making a comeback? (NASDAQ:MGPI)
www.capitalcube.com - November 3 at 6:11 PM
News IconMGPI profit climbs on gains in Ingredient Solutions unit (NASDAQ:MGPI)
www.bakingbusiness.com - November 3 at 9:59 AM
einnews.com logoMGP Ingredients Declares $0.02 Quarterly Dividend (NASDAQ:MGPI)
ethanol.einnews.com - November 3 at 9:59 AM
reuters.com logoBRIEF-MGP Ingredients Q3 EPS $0.55 (NASDAQ:MGPI)
www.reuters.com - November 3 at 9:59 AM
globenewswire.com logoMGP Ingredients Reports Third Quarter Results (NASDAQ:MGPI)
globenewswire.com - November 3 at 9:59 AM
finance.yahoo.com logoEdited Transcript of MGPI earnings conference call or presentation 2-Nov-16 2:00pm GMT (NASDAQ:MGPI)
finance.yahoo.com - November 3 at 9:59 AM
sg.finance.yahoo.com logoMGP posts 3Q profit (NASDAQ:MGPI)
sg.finance.yahoo.com - November 2 at 9:41 AM
sbwire.com logoMGP Ingredients Inc (NASDAQ:MGPI) Shareholder Alert: Investigation over Possible Violations of Securities Laws (NASDAQ:MGPI)
www.sbwire.com - November 1 at 6:26 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of MGP Ingredients Inc. (MGPI) (NASDAQ:MGPI)
finance.yahoo.com - October 28 at 5:55 PM
4-traders.com logoPomerantz Law Firm Investigates Claims On Behalf of Investors of MGP Ingredients Inc. - MGPI (NASDAQ:MGPI)
www.4-traders.com - October 28 at 9:47 AM
prnewswire.com logoSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MGP Ingredients Inc. - MGPI (NASDAQ:MGPI)
www.prnewswire.com - October 28 at 9:47 AM
publicnow.com logoMGP Issues Further Updates Regarding Chemical Incident (NASDAQ:MGPI)
www.publicnow.com - October 27 at 6:13 PM
investopedia.com logoMGP Ingredients Falls After Chemical Spill (MGPI) (NASDAQ:MGPI)
www.investopedia.com - October 24 at 5:54 PM
bizjournals.com logoMGP Ingredients seeks answers, braces for fallout after noxious gas release (NASDAQ:MGPI)
www.bizjournals.com - October 24 at 5:54 PM
capitalcube.com logoMGP Ingredients, Inc. breached its 50 day moving average in a Bearish Manner : MGPI-US : October 24, 2016 (NASDAQ:MGPI)
www.capitalcube.com - October 24 at 11:34 AM
News IconA look at MGP’s history with OSHA and the EPA (NASDAQ:MGPI)
www.kctv5.com - October 23 at 10:26 AM

Social

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 announced a quarterly dividend on Friday, February 17th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.04 per share on Friday, March 24th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Friday, February 10th. This is an increase from MGP Ingredients's previous quarterly dividend of $0.02.

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

3 brokers have issued 1 year target prices for MGP Ingredients' shares. Their forecasts range from $50.00 to $60.00. On average, they anticipate MGP Ingredients' share price to reach $53.33 in the next twelve months.

When will MGP Ingredients announce their earnings?

MGP Ingredients is scheduled to release their next quarterly earnings announcement on Wednesday, March, 8th 2017.

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 $43.95.

MGP Ingredients (NASDAQ:MGPI) Chart for Sunday, February, 26, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for MGP Ingredients (NASDAQ:MGPI)

Earnings History Chart

Earnings by Quarter for MGP Ingredients (NASDAQ:MGPI)

Dividend History Chart

Dividend Payments by Quarter for MGP Ingredients (NASDAQ:MGPI)

Last Updated on 2/26/2017 by MarketBeat.com Staff