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PFE   27.55 (-0.43%)
PYPL   58.35 (+1.51%)
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BABA   76.12 (+0.70%)
T   16.59 (-2.41%)
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GE   151.67 (+1.74%)
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NASDAQ:MGPI

MGP Ingredients (MGPI) Stock Price, News & Analysis

$78.18
-13.65 (-14.86%)
(As of 02/22/2024 ET)
Today's Range
$75.78
$90.55
50-Day Range
$78.18
$101.30
52-Week Range
$75.78
$124.96
Volume
1.17 million shs
Average Volume
214,844 shs
Market Capitalization
$1.72 billion
P/E Ratio
17.69
Dividend Yield
0.61%
Price Target
$137.50

MGP Ingredients MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
75.9% Upside
$137.50 Price Target
Short Interest
Bearish
22.54% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.21
Upright™ Environmental Score
News Sentiment
0.56mentions of MGP Ingredients in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$263,756 Sold Last Quarter
Proj. Earnings Growth
10.14%
From $5.62 to $6.19 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.60 out of 5 stars

Consumer Staples Sector

18th out of 135 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

1st out of 1 stocks


MGPI stock logo

About MGP Ingredients Stock (NASDAQ:MGPI)

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 Stock Price History

MGPI Stock News Headlines

MGP Ingredients Stock Falls 15% on Soft Whiskey Demand
Why MGP Ingredients (MGPI) Shares Are Trading Lower Today
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE!
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets…FOR FREE!
MGP Ingredients Declares $0.12 Quarterly Dividend
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE!
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets…FOR FREE!
MGP Ingredients Declares $0.12 Quarterly Dividend
MGP Ingredients earnings preview: what Wall Street is expecting
MGP Ingredients Q4 2023 Earnings Preview
MGP Ingredients (MGPI) Scheduled to Post Earnings on Thursday
MGP Ingredients' (MGPI) Outperform Rating Reaffirmed at Wedbush
MGPI Mar 2024 80.000 put
MGPI Feb 2024 105.000 call
15 Top Rated Bourbon Whiskeys Under $100
See More Headlines
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Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 12/1 Dividend
11/16/2023
Dividend Payable
12/01/2023
Today
2/22/2024
Next Earnings (Confirmed)
2/22/2024
Fiscal Year End
12/31/2024

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 Target
$137.50
High Stock Price Target
$140.00
Low Stock Price Target
$135.00
Potential Upside/Downside
+81.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$109.46 million
Pretax Margin
15.84%

Debt

Sales & Book Value

Annual Sales
$812.63 million
Cash Flow
$4.88 per share
Book Value
$33.90 per share

Miscellaneous

Free Float
15,651,000
Market Cap
$1.66 billion
Optionable
Optionable
Beta
0.78

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Key Executives

  • Mr. David S. Bratcher (Age 55)
    COO,CEO,President & Director
    Comp: $1.1M
  • Mr. Brandon M. Gall (Age 42)
    VP of Finance & CFO
    Comp: $948.9k
  • Ms. Erika L. Lapish
    VP & Chief Human Resources Officer
  • Mr. David J. Colo (Age 61)
    Advisor
    Comp: $2.36M
  • Mr. Amel Pasagic
    VP & Chief Commercial Officer
  • Dr. Clodualdo Maningat (Age 69)
    Chief Science Officer and VP of Ingredients Research & Development
  • Mr. Curtis Landherr
    VP, Chief Legal Officer & Corporate Secretary
  • Mr. Greg Manis
    Corporate Director of Communications
  • Mr. Fletcher R. Buchman
    Vice President of Marketing
  • Mr. Mark Davidson
    Corporate Controller














MGPI Stock Analysis - Frequently Asked Questions

Should I buy or sell MGP Ingredients stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 2 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 target for 2024?

2 brokers have issued 12 month target prices for MGP Ingredients' stock. Their MGPI share price targets range from $135.00 to $140.00. On average, they anticipate the company's share price to reach $137.50 in the next twelve months. This suggests a possible upside of 75.9% 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 2024?

MGP Ingredients' stock was trading at $98.52 at the start of the year. Since then, MGPI shares have decreased by 20.6% and is now trading at $78.18.
View the best growth stocks for 2024 here
.

Are investors shorting MGP Ingredients?

MGP Ingredients saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 3,120,000 shares, an increase of 6.1% from the January 15th total of 2,940,000 shares. Based on an average trading volume of 172,400 shares, the days-to-cover ratio is presently 18.1 days. Approximately 22.5% of the company's shares are sold short.
View MGP Ingredients' Short Interest
.

When is MGP Ingredients' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.24. The firm earned $209 million during the quarter, compared to analysts' expectations of $205.30 million. MGP Ingredients had a trailing twelve-month return on equity of 14.79% and a net margin of 12.07%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 earnings per share.

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

MGP Ingredients declared a quarterly dividend on Thursday, November 2nd. Stockholders of record on Friday, November 17th will be paid a dividend of $0.12 per share on Friday, December 1st. This represents a $0.48 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Thursday, November 16th.
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 0.53%. The dividend payout ratio is 10.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 7.75% 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 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of 6.120-6.230 for the period, compared to the consensus EPS estimate of 6.120. The company issued revenue guidance of $742.0 million-$756.0 million, compared to the consensus revenue estimate of $787.8 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).

Who are MGP Ingredients' major shareholders?

MGP Ingredients' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.13%), Stephens Investment Management Group LLC (4.05%), Dimensional Fund Advisors LP (3.18%), Southernsun Asset Management LLC (2.14%), Raymond James Financial Services Advisors Inc. (1.09%) and Victory Capital Management Inc. (1.00%). Insiders that own company stock include Brandon Gall, Caroline L Kaplan Revocable T, Cnl 2013 Irrevocable Trust Dat, David Colo, David E Dykstra, Donn S Lux, James L Bareuther, Karen Seaberg, Lori LS Mingus, Luxco 2017 Irrevocable Trust D, Michael Rodger Buttshaw, Michele Lux, Paul S Lux, S Lux 2005 Irrevocable Tr Ann, Stephen J Glaser, Stephen J Glaser and Terrence P Dunn.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:MGPI) was last updated on 2/22/2024 by MarketBeat.com Staff