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NASDAQ:MGPI

MGP Ingredients (MGPI) Stock Price, News & Analysis

$82.22
+1.23 (+1.52%)
(As of 07/26/2024 ET)
Today's Range
$80.75
$82.27
50-Day Range
$69.79
$81.50
52-Week Range
$68.86
$124.96
Volume
134,822 shs
Average Volume
197,004 shs
Market Capitalization
$1.81 billion
P/E Ratio
18.99
Dividend Yield
0.58%
Price Target
$117.33

MGP Ingredients MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.7% Upside
$117.33 Price Target
Short Interest
Bearish
26.35% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.21
Upright™ Environmental Score
News Sentiment
0.47mentions of MGP Ingredients in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$2.84 M Sold Last Quarter
Proj. Earnings Growth
10.34%
From $6.19 to $6.83 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.

4.68 out of 5 stars

Consumer Staples Sector

14th out of 136 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, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company 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, rye, whiskeys, as well as grain neutral spirits, include vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in food products, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also offers distillery co-products, such as dried distillers' grain, fuel-grade alcohol for blending with gasoline, and corn oil; and provides warehouse services, including barrel put away, barrel storage, and barrel retrieval services, as well as blending services. The Branded Spirits segment provides premium plus, ultra-premium, super premium, premium, mid, and value branded distilled spirits, as well as private label products. 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. It sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries. The company was founded in 1941 and is based in Atchison, Kansas.

MGPI Stock Price History

MGPI Stock News Headlines

5 Stocks that could triple in a week
Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942%, and 12,592% in 2020. Now their next one could be here.
Remus Bourbon introduces Remus Babe Ruth Reserve
MGP Hires Executive Vice President of Operations
Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
MGP Hires Vice President of Investor Relations
MGP Names New Distilling Solutions Vice President
Q1 2024 MGP Ingredients Inc Earnings Call
Why MGP Ingredients (MGPI) Stock Is Up Today
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Ex-Dividend for 5/31 Dividend
5/16/2024
Dividend Payable
5/31/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/01/2024
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
705
Year Founded
1941

Price Target and Rating

Average Stock Price Target
$117.33
High Stock Price Target
$140.00
Low Stock Price Target
$92.00
Potential Upside/Downside
+45.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$107.47 million
Pretax Margin
15.87%

Debt

Sales & Book Value

Annual Sales
$836.52 million
Cash Flow
$7.03 per share
Book Value
$38.68 per share

Miscellaneous

Free Float
14,046,000
Market Cap
$1.78 billion
Optionable
Optionable
Beta
0.59

Social Links

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Key Executives

  • Mr. David S. Bratcher (Age 55)
    CEO, President & Director
    Comp: $1.16M
  • Mr. Brandon M. Gall (Age 41)
    VP of Finance, CFO & Treasurer
    Comp: $1.05M
  • Mr. Curtis Landherr
    VP, Chief Legal Officer & Corporate Secretary
  • Mr. David J. Colo (Age 61)
    Senior Advisor
    Comp: $2.56M
  • Mr. Amel Pasagic
    Chief Commercial Officer
  • Dr. Clodualdo Maningat (Age 69)
    Chief Science Officer and VP of Ingredients Research & Development
  • Mr. Greg Manis
    Corporate Director of Communications
  • Mr. Fletcher R. Buchman
    Vice President of Marketing
  • Ms. Erika L. Lapish
    VP & Chief Human Resources Officer
  • Mr. Mark Davidson
    Corporate Controller

MGPI Stock Analysis - Frequently Asked Questions

How have MGPI shares performed this year?

MGP Ingredients' stock was trading at $98.52 on January 1st, 2024. Since then, MGPI stock has decreased by 16.5% and is now trading at $82.22.
View the best growth stocks for 2024 here
.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) announced its quarterly earnings results on Thursday, May, 2nd. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.07. MGP Ingredients's revenue for the quarter was down 15.1% compared to the same quarter last year.

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.

Does MGP Ingredients have any subsidiaries?

MGP Ingredients subsidiaries include these companies: New Columbia Distillers, MGP Distilling LLC, MGPI of Indiana LLC, and MGPI Processing Inc..

Who are MGP Ingredients' major shareholders?

MGP Ingredients' top institutional investors include ZWJ Investment Counsel Inc. (1.30%), Raymond James Financial Services Advisors Inc. (0.93%), Bank of New York Mellon Corp (0.70%) and Leeward Investments LLC MA (0.38%). Insiders that own company stock include Donn S Lux, Luxco 2017 Irrevocable Trust D, S Lux 2005 Irrevocable Tr Ann, Paul S Lux, David Colo, Karen Seaberg, Lori LS Mingus, Brandon Gall, Cnl 2013 Irrevocable Trust Dat, Caroline L Kaplan Revocable T, Stephen J Glaser, David E Dykstra, Erika Lapish, Michele Lux and Michael Rodger Buttshaw.
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.

What other stocks do shareholders of MGP Ingredients own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MGP Ingredients investors own include Alibaba Group (BABA), Walt Disney (DIS), JD.com (JD), Intel (INTC), NVIDIA (NVDA), Tencent (TCEHY) and Exxon Mobil (XOM).

This page (NASDAQ:MGPI) was last updated on 7/26/2024 by MarketBeat.com Staff

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