NASDAQ:MGPI MGP Ingredients (MGPI) Stock Forecast, Price & News $100.67 -0.57 (-0.56%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$100.64▼$102.8950-Day Range$100.67▼$123.6252-Week Range$90.68▼$125.74Volume97,467 shsAverage Volume87,255 shsMarket Capitalization$2.21 billionP/E Ratio20.54Dividend Yield0.48%Price Target$130.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability MGP Ingredients MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside29.9% Upside$130.75 Price TargetShort InterestBearish15.23% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-1.21Upright™ Environmental ScoreNews Sentiment1.25Based on 4 Articles This WeekInsider TradingSelling Shares$6.67 M Sold Last QuarterProj. Earnings Growth11.42%From $5.43 to $6.05 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.50 out of 5 starsConsumer Staples Sector43rd out of 136 stocksBeer, Wine, & Distilled Alcoholic Beverages Industry1st out of 1 stocks 3.5 Analyst's Opinion Consensus RatingMGP Ingredients has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $130.75, MGP Ingredients has a forecasted upside of 29.9% from its current price of $100.67.Amount of Analyst CoverageMGP Ingredients has only been the subject of 1 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted15.23% of the float of MGP Ingredients has been sold short.Short Interest Ratio / Days to CoverMGP Ingredients has a short interest ratio ("days to cover") of 21.4, which indicates bearish sentiment.Change versus previous month Previous Next 1.7 Dividend Strength Dividend YieldMGP Ingredients has a dividend yield of 0.48%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthMGP Ingredients does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of MGP Ingredients is 9.80%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MGP Ingredients will have a dividend payout ratio of 7.93% next year. This indicates that MGP Ingredients will be able to sustain or increase its dividend. Previous Next 1.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGP Ingredients has received a -28.98% net impact score from Upright. The largest negative impact of Mgp Ingredients in category "Physical diseases" seems to be driven mostly by its "Whiskey", "Gin", and "Vodka" products. See details.Environmental SustainabilityThe Environmental Impact score for MGP Ingredients is -1.21. Previous Next 3.5 News and Social Media Coverage News SentimentMGP Ingredients has a news sentiment score of 1.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 4 news articles for MGP Ingredients this week, compared to 3 articles on an average week.MarketBeat Follows4 people have added MGP Ingredients to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGP Ingredients insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,670,375.00 in company stock.Percentage Held by Insiders28.70% of the stock of MGP Ingredients is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions77.11% of the stock of MGP Ingredients is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for MGP Ingredients are expected to grow by 11.42% in the coming year, from $5.43 to $6.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGP Ingredients is 20.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.88.Price to Earnings Ratio vs. SectorThe P/E ratio of MGP Ingredients is 20.54, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 18.63.Price to Earnings Growth RatioMGP Ingredients has a PEG Ratio of 1.68. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGP Ingredients has a P/B Ratio of 2.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MGP Ingredients (NASDAQ:MGPI) StockMGP 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.Read More MGPI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGPI Stock News HeadlinesSeptember 21, 2023 | msn.comVital Farms (VITL) Unveils Ambitious Long-Term Financial GoalsSeptember 18, 2023 | msn.comKraft Heinz (KHC) Benefits From Pricing Actions Amid CostsSeptember 24, 2023 | MarketBeat Internal (Ad)MarketBeat's Top 5 Stock Picks - Just ReleasedMarketBeat has just released five new trading ideas to All Access subscribers, but Tesla, Apple, and Netflix didn't make the cut. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. Now, MarketBeat thinks these five stocks may be even better buys. September 17, 2023 | finance.yahoo.com15 Best Inexpensive Bourbons Under $30 that Don’t Taste CheapSeptember 13, 2023 | money.usnews.comMGP Ingredients, Inc.September 11, 2023 | finance.yahoo.com25 Best Bourbon Whiskeys Under $50September 4, 2023 | seekingalpha.comMGP Ingredients: Well Positioned To Benefit From Growth In U.S. SpiritsAugust 25, 2023 | finance.yahoo.comHain Celestial (HAIN) Q4 Earnings Meet Mark, Sales Dip Y/YSeptember 24, 2023 | MarketBeat Internal (Ad)MarketBeat's Top 5 Stock Picks - Just ReleasedMarketBeat has just released five new trading ideas to All Access subscribers, but Tesla, Apple, and Netflix didn't make the cut. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. Now, MarketBeat thinks these five stocks may be even better buys. August 24, 2023 | finance.yahoo.comRoss & Squibb Distillery Honors the Repeal of Prohibition with September Release of Remus Repeal Reserve Series VIIAugust 18, 2023 | finance.yahoo.comHormel Foods (HRL) Gains From Capacity Expansions Amid RisksAugust 11, 2023 | finance.yahoo.comJ & J Snack Foods (JJSF) Rewards Investors With 5% Dividend HikeAugust 8, 2023 | msn.comTruist Securities Maintains MGP Ingredients (MGPI) Buy RecommendationAugust 8, 2023 | markets.businessinsider.comMGP Ingredients Poised For Growth: Analyst Praises Whiskey Orders And Acquisition UpsideAugust 3, 2023 | msn.comMGP (MGPI) Q2 Earnings and Revenues Top EstimatesAugust 3, 2023 | finance.yahoo.comMGP Ingredients Reports Record Second Quarter 2023 ResultsAugust 2, 2023 | finance.yahoo.comWhat Makes MGP Ingredients (MGPI) an Attractive Investment Opportunity?August 1, 2023 | markets.businessinsider.comTruist Financial Reaffirms Their Buy Rating on MGP Ingredients (MGPI)July 31, 2023 | markets.businessinsider.comMGP Ingredients' Transformative Acquisitions Set To Enhance Future Valuation: AnalystJuly 21, 2023 | msn.comImplied Volatility Surging for MGP Ingredients (MGPI) Stock OptionsJuly 20, 2023 | finance.yahoo.comMGP Ingredients Schedules Second Quarter 2023 Conference Call/Webcast for Thursday, August 3July 17, 2023 | bizjournals.comMGP Ingredients will close large distilling plant in AtchisonJuly 16, 2023 | markets.businessinsider.comTruist Financial Sticks to Their Buy Rating for MGP Ingredients (MGPI)July 14, 2023 | msn.comTruist Securities Reiterates MGP Ingredients (MGPI) Buy RecommendationJuly 13, 2023 | marketwatch.comMGP Ingredients to Close Kansas DistilleryJuly 13, 2023 | seekingalpha.comMGP Ingredients announces closure of distillery in KansasJuly 13, 2023 | finance.yahoo.comMGP Ingredients Announces Planned Closure of Grain Neutral Spirits and Industrial Alcohol Distillery in Atchison, KansasSee More Headlines Receive MGPI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGP Ingredients and its competitors with MarketBeat's FREE daily newsletter. Email Address MGPI Company Calendar Last Earnings8/03/2023Ex-Dividend for 9/1 Dividend8/17/2023Dividend Payable9/01/2023Today9/24/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Beer, wine, & distilled alcoholic beverages Sub-IndustryN/A SectorConsumer Staples Current SymbolNASDAQ:MGPI CUSIPN/A CIK835011 Webwww.mgpingredients.com Phone(913) 367-1480Fax913-367-0192Employees690Year Founded1941Price Target and Rating Average Stock Price Forecast$130.75 High Stock Price Forecast$140.00 Low Stock Price Forecast$118.00 Forecasted Upside/Downside+29.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.90 Trailing P/E Ratio20.54 Forward P/E Ratio18.54 P/E Growth1.68Net Income$109.46 million Net Margins13.55% Pretax Margin17.75% Return on Equity14.39% Return on Assets9.02% Debt Debt-to-Equity Ratio0.39 Current Ratio4.39 Quick Ratio1.49 Sales & Book Value Annual Sales$782.36 million Price / Sales2.82 Cash Flow$5.91 per share Price / Cash Flow17.03 Book Value$33.90 per share Price / Book2.97Miscellaneous Outstanding Shares21,950,000Free Float15,651,000Market Cap$2.21 billion OptionableOptionable Beta0.94 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. David J. Colo (Age 60)Pres, CEO & Director Comp: $2.36MMr. Brandon M. Gall (Age 41)VP of Fin. & CFO Comp: $948.9kMr. David S. Bratcher (Age 54)Chief Operating Officer Comp: $1.1MMr. Amel PasagicVP of Information Technology & Chief Information OfficerMs. Erika L. LapishVP & Chief HR OfficerDr. Clodualdo Maningat (Age 68)Chief Science Officer and VP of Ingredients R&D Mr. Curtis LandherrVP, Chief Legal Officer & Corp. Sec.Mr. Greg ManisCorp. Director of CommunicationsMr. Fletcher R. BuchmanVP of MarketingMr. Mark DavidsonCorp. ControllerMore ExecutivesKey CompetitorsCompañía Cervecerías UnidasNYSE:CCUKrispy KremeNASDAQ:DNUTTootsie Roll IndustriesNYSE:TRBRFNYSE:BRFSJohn Wiley & SonsNYSE:WLYView All CompetitorsInsiders & InstitutionsCnl 2013 Irrevocable Trust DatSold 6,500 sharesTotal: $750,100.00 ($115.40/share)Lori L.S. MingusSold 591 sharesTotal: $71,109.12 ($120.32/share)Portside Wealth Group LLCBought 3,950 shares on 9/1/2023Ownership: 0.018%Paul S LuxSold 10,000 sharesTotal: $1.19 M ($119.06/share)Paul S LuxSold 10,000 sharesTotal: $1.19 M ($118.84/share)View All Insider TransactionsView All Institutional Transactions MGPI Stock - Frequently Asked Questions Should I buy or sell MGP Ingredients stock right now? 3 Wall Street research 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 research 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 price objectives for MGP Ingredients' stock. 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 year. This suggests a possible upside of 29.9% 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 2023? MGP Ingredients' stock was trading at $106.38 at the start of the year. Since then, MGPI stock has decreased by 5.4% and is now trading at $100.67. 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) announced its quarterly earnings results on Thursday, August, 3rd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.24. The firm had revenue of $209 million for the quarter, compared to the consensus estimate of $205.30 million. MGP Ingredients had a trailing twelve-month return on equity of 14.39% and a net margin of 13.55%. MGP Ingredients's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share. 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. Shareholders of record on Friday, August 18th will be given a dividend of $0.12 per share on Friday, September 1st. This represents a $0.48 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Thursday, August 17th. Read our dividend analysis for MGPI. What ETFs hold MGP Ingredients' stock? ETFs with the largest weight of MGP Ingredients (NASDAQ:MGPI) stock in their portfolio include VegTech Plant-based Innovation & Climate ETF (EATV), Invesco S&P SmallCap Consumer Staples ETF (PSCC), B.A.D. Etf (BAD), AdvisorShares Vice ETF (VICE), Nuveen Small Cap Select ETF (NSCS), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and Syntax Stratified SmallCap ETF (SSLY). 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 0.48%. 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 updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) 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." Who are MGP Ingredients' major shareholders? MGP Ingredients' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (13.06%), Champlain Investment Partners LLC (4.48%), Stephens Investment Management Group LLC (3.60%), Dimensional Fund Advisors LP (3.21%), State Street Corp (2.39%) and Southernsun Asset Management LLC (1.85%). Insiders that own company stock include Brandon Gall, Caroline L Kaplan Revocable T, Cnl 2013 Irrevocable Trust Dat, 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 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 $100.67. How much money does MGP Ingredients make? MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.21 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 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MGP Ingredients, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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