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: Food Processing
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MGPI
  • CUSIP: N/A
  • Web: www.mgpingredients.com
Capitalization:
  • Market Cap: $1.05 billion
  • Outstanding Shares: 16,710,000
Average Prices:
  • 50 Day Moving Avg: $60.19
  • 200 Day Moving Avg: $55.51
  • 52 Week Range: $31.93 - $64.30
P/E:
  • Trailing P/E Ratio: 33.46
  • Foreward P/E Ratio: 32.28
  • P/E Growth: 2.47
Sales & Book Value:
  • Annual Revenue: $333.96 million
  • Price / Sales: 3.15
  • Book Value: $9.60 per share
  • Price / Book: 6.56
Dividend:
  • Annual Dividend: $0.16
  • Dividend Yield: 0.3%
Profitability:
  • EBITDA: $51.47 million
  • Net Margins: 9.33%
  • Return on Equity: 21.30%
  • Return on Assets: 13.83%
Debt:
  • Debt-to-Equity Ratio: 0.25%
  • Current Ratio: 4.24%
  • Quick Ratio: 1.54%
Misc:
  • Average Volume: 113,654 shs.
  • Beta: 1.01
  • Short Ratio: 22.13
 

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 announced a special dividend on Thursday, August 3rd. Shareholders of record on Friday, August 18th will be given a dividend of $0.85 per share on Friday, September 8th. This represents a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, August 16th. View MGP Ingredients' Dividend History.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) announced its quarterly earnings results on Thursday, August, 3rd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.03. The business earned $85.80 million during the quarter, compared to analysts' expectations of $84.39 million. MGP Ingredients had a net margin of 9.33% and a return on equity of 21.30%. The company's revenue was up 6.7% on a year-over-year basis. View MGP Ingredients' Earnings History.

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

2 brokers have issued 12 month price objectives for MGP Ingredients' stock. Their forecasts range from $62.00 to $70.00. On average, they expect MGP Ingredients' stock price to reach $66.00 in the next twelve months. View Analyst Ratings for MGP Ingredients.

Who are some of MGP Ingredients' key competitors?

Who are MGP Ingredients' key executives?

MGP Ingredients' management team includes the folowing people:

  • Augustus C. Griffin, President, Chief Executive Officer, Director
  • Thomas K. Pigott, Chief Financial Officer, Vice President - Finance
  • David E. Rindom, Senior Vice President, Chief Administrative Officer
  • Michael Rodger Buttshaw, Vice President - Ingredients Sales and Marketing
  • David E. Dykstra, Vice President - Alcohol Sales and Marketing
  • Stephen J. Glaser, Vice President - Production and Engineering
  • Andrew P. Mansinne, Vice President - Brands
  • James Lloyd Bareuther, Independent Director
  • David J. Colo, Independent Director
  • Terrence P. Dunn, Independent Director

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.

What is MGP Ingredients' stock price today?

One share of MGP Ingredients stock can currently be purchased for approximately $62.94.


MarketBeat Community Rating for MGP Ingredients (NASDAQ MGPI)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  70 (Vote Outperform)
Underperform Votes:  57 (Vote Underperform)
Total Votes:  127
MarketBeat's community ratings are surveys of what our community members think about MGP Ingredients and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for MGP Ingredients (NASDAQ:MGPI) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $66.00 (4.86% upside)
Consensus Price Target History for MGP Ingredients (NASDAQ:MGPI)
Price Target History for MGP Ingredients (NASDAQ:MGPI)
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 10/20/2015 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
8/3/2017Q2 2017$0.40$0.37$84.39 million$85.80 millionViewListenView Earnings Details
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: $1.67
2018 EPS Consensus Estimate: $1.93
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$0.37$0.34
Q4 20172$0.46$0.48$0.47
Q1 20182$0.47$0.52$0.50
Q2 20182$0.42$0.49$0.46
Q3 20182$0.32$0.46$0.39
Q4 20181$0.59$0.59$0.59
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for MGP Ingredients (NASDAQ:MGPI)
Most Recent Dividend:9/8/2017
Annual Dividend:$0.16
Dividend Yield:0.25%
Payout Ratio:8.42% (Trailing 12 Months of Earnings)
9.47% (Based on This Year's Estimates)
8.21% (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
8/3/2017special$0.850.27%8/16/20178/18/20179/8/2017
8/3/2017quarterly$0.040.27%8/16/20178/18/20179/11/2017
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: 23.50%
Institutional Ownership Percentage: 98.38%
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
8/30/2017Karen SeabergDirectorSell934$57.30$53,518.20View SEC Filing  
8/17/2017Karen SeabergDirectorSell6,598$60.06$396,275.88View SEC Filing  
6/19/2017Karen SeabergDirectorSell6,288$51.42$323,328.96View SEC Filing  
6/14/2017Stephen J. GlaserVPBuy300$50.11$15,033.00View SEC Filing  
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
americanbankingnews.com logoZacks: MGP Ingredients, Inc. (MGPI) Given $69.00 Consensus Target Price by Brokerages
www.americanbankingnews.com - October 16 at 8:50 PM
americanbankingnews.com logo$83.58 Million in Sales Expected for MGP Ingredients, Inc. (MGPI) This Quarter
www.americanbankingnews.com - October 16 at 4:50 AM
americanbankingnews.com logoZacks: Brokerages Anticipate MGP Ingredients, Inc. (MGPI) to Announce $0.35 Earnings Per Share
www.americanbankingnews.com - October 14 at 10:32 AM
americanbankingnews.com logoContrasting MGP Ingredients (MGPI) & Its Peers
www.americanbankingnews.com - October 13 at 2:24 AM
americanbankingnews.com logoComparing Central Garden & Pet (CENT) and MGP Ingredients (MGPI)
www.americanbankingnews.com - October 11 at 8:10 PM
americanbankingnews.com logoReviewing Ingredion (INGR) and MGP Ingredients (MGPI)
www.americanbankingnews.com - October 11 at 12:08 AM
americanbankingnews.com logoZacks: MGP Ingredients, Inc. (MGPI) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - October 9 at 10:24 PM
finance.yahoo.com logoETFs with exposure to MGP Ingredients, Inc. : October 9, 2017
finance.yahoo.com - October 9 at 4:07 PM
finance.yahoo.com logoShould You Sell MGP Ingredients Inc (MGPI) At $60.63?
finance.yahoo.com - October 2 at 5:24 PM
finance.yahoo.com logoETFs with exposure to MGP Ingredients, Inc. : September 28, 2017
finance.yahoo.com - October 2 at 11:54 AM
finance.yahoo.com logo2 Stocks You'll Brag About Owning Someday
finance.yahoo.com - October 2 at 11:54 AM
finance.yahoo.com logoMGP Ingredients, Inc. :MGPI-US: Earnings Analysis: Q2, 2017 By the Numbers : September 27, 2017
finance.yahoo.com - September 27 at 9:38 AM
finance.yahoo.com logoMGP Ingredients, Inc. – Value Analysis (NASDAQ:MGPI) : September 26, 2017
finance.yahoo.com - September 26 at 6:08 PM
americanbankingnews.com logoHead to Head Comparison: MGP Ingredients (MGPI) vs. McCormick & Company, (MKC)
www.americanbankingnews.com - September 25 at 2:18 PM
finance.yahoo.com logoMGP Ingredients, Inc. breached its 50 day moving average in a Bullish Manner : MGPI-US : September 25, 2017
finance.yahoo.com - September 25 at 8:23 AM
americanbankingnews.com logoContrasting MGP Ingredients (MGPI) & The Competition
www.americanbankingnews.com - September 17 at 2:48 PM
americanbankingnews.com logo Brokerages Set $69.00 Target Price for MGP Ingredients, Inc. (MGPI)
www.americanbankingnews.com - September 8 at 12:28 PM
americanbankingnews.com logoMGP Ingredients, Inc. (MGPI) Expected to Post Earnings of $0.35 Per Share
www.americanbankingnews.com - September 7 at 2:26 AM
americanbankingnews.com logoMGP Ingredients, Inc. (MGPI) Director Karen Seaberg Sells 934 Shares
www.americanbankingnews.com - August 31 at 7:58 PM
finance.yahoo.com logoMGP Announces New Term Loan and Revolving Credit Facility Agreements
finance.yahoo.com - August 24 at 9:16 AM
americanbankingnews.com logoMGP Ingredients, Inc. (MGPI) Director Karen Seaberg Sells 6,598 Shares
www.americanbankingnews.com - August 21 at 7:46 PM
americanbankingnews.com logo$0.35 EPS Expected for MGP Ingredients, Inc. (MGPI) This Quarter
www.americanbankingnews.com - August 19 at 12:30 PM
finance.yahoo.com logoAccomplished Attorney Thomas Lynn Appointed General Counsel and Corporate Secretary at MGP
finance.yahoo.com - August 10 at 5:17 AM
americanbankingnews.com logoAnalyzing MGP Ingredients (NASDAQ:MGPI) and B&G Foods (BGS)
www.americanbankingnews.com - August 10 at 12:32 AM
americanbankingnews.com logoContrasting The Kraft Heinz (KHC) and MGP Ingredients (NASDAQ:MGPI)
www.americanbankingnews.com - August 8 at 7:44 AM
americanbankingnews.com logoMGP Ingredients, Inc. (NASDAQ:MGPI) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
www.americanbankingnews.com - August 6 at 12:52 AM
seekingalpha.com logoMGP Ingredients' (MGPI) CEO Gus Griffin on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 6 at 12:34 AM
reuters.com logoBRIEF-MGP Ingredients reports Q2 earnings per share $0.37
www.reuters.com - August 4 at 1:46 AM
finance.yahoo.com logoMGP Ingredients Reports Second Quarter 2017 Results
finance.yahoo.com - August 4 at 1:46 AM
finance.yahoo.com logoMGP posts 2Q profit
finance.yahoo.com - August 4 at 1:46 AM
finance.yahoo.com logoEdited Transcript of MGPI earnings conference call or presentation 3-Aug-17 2:00pm GMT
finance.yahoo.com - August 4 at 1:46 AM
finance.yahoo.com logoETFs with exposure to MGP Ingredients, Inc. : August 4, 2017
finance.yahoo.com - August 4 at 1:46 AM
americanbankingnews.com logoAnalysts Expect MGP Ingredients, Inc. (NASDAQ:MGPI) to Post $0.40 Earnings Per Share
www.americanbankingnews.com - August 3 at 8:48 PM
americanbankingnews.com logoMGP Ingredients, Inc. (NASDAQ:MGPI) to Issue $0.85 Special Dividend
www.americanbankingnews.com - August 3 at 7:38 PM
americanbankingnews.com logoMGP Ingredients, Inc. (MGPI) Declares $0.04 Quarterly Dividend
www.americanbankingnews.com - August 3 at 6:21 PM
americanbankingnews.com logoMGP Ingredients, Inc. (NASDAQ:MGPI) Expected to Announce Quarterly Sales of $84.53 Million
www.americanbankingnews.com - August 3 at 7:52 AM
americanbankingnews.com logo Analysts Expect MGP Ingredients, Inc. (NASDAQ:MGPI) to Post $0.40 Earnings Per Share
www.americanbankingnews.com - August 1 at 8:46 AM
finance.yahoo.com logoETFs with exposure to MGP Ingredients, Inc. : July 24, 2017
finance.yahoo.com - July 24 at 6:50 PM
finance.yahoo.com logoMGP Ingredients, Inc. – Value Analysis (NASDAQ:MGPI) : July 21, 2017
finance.yahoo.com - July 22 at 6:28 AM
finance.yahoo.com logoMGP Ingredients Schedules Second Quarter 2017 Conference Call/Webcast for Thursday, August 3
finance.yahoo.com - July 21 at 2:19 AM
prnewswire.com logoLatin America, Middle East & Africa Meat Substitute Market (2017 - 2023)
www.prnewswire.com - July 19 at 4:25 AM
finance.yahoo.com logoMGP Ingredients, Inc. breached its 50 day moving average in a Bullish Manner : MGPI-US : July 13, 2017
finance.yahoo.com - July 14 at 6:29 AM
finance.yahoo.com logoETFs with exposure to MGP Ingredients, Inc. : July 13, 2017
finance.yahoo.com - July 14 at 6:29 AM
americanbankingnews.com logo MGP Ingredients, Inc. (NASDAQ:MGPI) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - July 13 at 8:13 AM
americanbankingnews.com logo Analysts Anticipate MGP Ingredients, Inc. (MGPI) Will Announce Earnings of $0.40 Per Share
www.americanbankingnews.com - July 10 at 9:55 AM
americanbankingnews.com logoFY2017 Earnings Estimate for MGP Ingredients, Inc. Issued By SunTrust Banks (MGPI)
www.americanbankingnews.com - July 3 at 8:00 AM
streetinsider.com logoMGP Ingredients (MGPI) to Sell Stake in ICP JV
www.streetinsider.com - June 27 at 6:40 PM
marketbeat.com logoMGP posts 1Q profit
marketbeat.com - May 4 at 9:49 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

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Chart

MGP Ingredients (MGPI) Chart for Friday, October, 20, 2017

This page was last updated on 10/20/2017 by MarketBeat.com Staff

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