NASDAQ:MGPI MGP Ingredients (MGPI) Stock Forecast, Price & News $98.06 -2.67 (-2.65%) (As of 06/5/2023 ET) Add Compare Share Share Today's Range$96.44▼$99.6350-Day Range$94.52▼$107.1852-Week Range$89.01▼$125.74Volume102,969 shsAverage Volume127,254 shsMarket Capitalization$2.15 billionP/E Ratio21.27Dividend Yield0.49%Price Target$124.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability MGP Ingredients MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside27.0% Upside$124.50 Price TargetShort InterestBearish15.92% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-1.21Upright™ Environmental ScoreNews Sentiment0.23Based on 11 Articles This WeekInsider TradingSelling Shares$2.40 M Sold Last QuarterProj. Earnings Growth6.73%From $5.20 to $5.55 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.2.46 out of 5 starsConsumer Staples Sector40th out of 138 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 $124.50, MGP Ingredients has a forecasted upside of 27.0% from its current price of $98.06.Amount of Analyst CoverageMGP Ingredients has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted15.92% 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 17.8, which indicates bearish sentiment.Change versus previous monthShort interest in MGP Ingredients has recently decreased by 8.47%, indicating that investor sentiment is improving significantly. 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 10.41%. 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 8.65% 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 2.4 News and Social Media Coverage News SentimentMGP Ingredients has a news sentiment score of 0.23. 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 lower news sentiment than the 0.60 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 11 news articles for MGP Ingredients this week, compared to 3 articles on an average week.Search Interest5 people have searched for MGPI on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added MGP Ingredients to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $2,402,631.00 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 Institutions78.64% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for MGP Ingredients are expected to grow by 6.73% in the coming year, from $5.20 to $5.55 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGP Ingredients is 21.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.35.Price to Earnings Ratio vs. SectorThe P/E ratio of MGP Ingredients is 21.27, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 17.00.Price to Earnings Growth RatioMGP Ingredients has a PEG Ratio of 2.15. 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 2.89. 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. engages in the manufacture and trade of food, beverage, specialty wheat protein and starch food ingredients. It operates through the following segments: Distillery Products, Branded Spirits and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. It also includes warehouse services, including barrel put away, barrel storage and barrel retrieval services. The Branded Spirits segment focuses on producing, importing, bottling and rectifying of distilled spirits through distilleries and bottling facilities. The Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company was founded by Cloud L. Cray in 1941 and is headquartered in Atchison, KS.Read More 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 Stock News HeadlinesJune 1, 2023 | benzinga.comMGP Ingredients Director Sold $350K In Company StockJune 1, 2023 | benzinga.comMGP Ingredients Insider Trades Send a SignalJune 5, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...June 1, 2023 | finance.yahoo.comMGP Ingredients Completes Acquisition of Penelope BourbonJune 1, 2023 | americanbankingnews.comMGP Ingredients, Inc. (NASDAQ:MGPI) Director Karen Seaberg Sells 3,692 SharesJune 1, 2023 | americanbankingnews.comKaren Seaberg Sells 608 Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) StockMay 19, 2023 | msn.comWedbush Reiterates MGP Ingredients (MGPI) Outperform RecommendationMay 18, 2023 | markets.businessinsider.comAnalysts Offer Insights on Materials Companies: MGP Ingredients (MGPI) and Carpenter Technology (CRS)June 5, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 18, 2023 | americanbankingnews.comStockNews.com Begins Coverage on MGP Ingredients (NASDAQ:MGPI)May 16, 2023 | americanbankingnews.comMGP Ingredients, Inc. (MGPI) to Issue Quarterly Dividend of $0.12 on June 2ndMay 15, 2023 | finance.yahoo.comLux Row Distillers reaches new heights with introduction of Ezra Brooks 99 Rye and reimagination of Ezra Brooks Bourbon CreamMay 9, 2023 | seekingalpha.comMGP Ingredients: Niche Positioning Could Be NiceMay 8, 2023 | bizjournals.comMGP Ingredients' St. Louis-based Luxco subsidiary to acquire Penelope BourbonMay 8, 2023 | bizjournals.comMGP Ingredients acquires Penelope BourbonMay 8, 2023 | finance.yahoo.comMGP Ingredients to Acquire Penelope BourbonMay 8, 2023 | msn.comMGP Ingredients Buys This Family And Founder-Owned American Whiskey Company Penelope BourbonMay 8, 2023 | bizjournals.comMGP Ingredients will acquire Kentucky-based Penelope BourbonMay 6, 2023 | benzinga.comMGP Ingredients Stock (NASDAQ:MGPI), DividendsMay 6, 2023 | msn.comMGP Ingredients (MGPI) Declares $0.12 DividendMay 5, 2023 | markets.businessinsider.comMGP Ingredients (MGPI) Receives a Buy from Lake StreetMay 5, 2023 | finance.yahoo.comQ1 2023 MGP Ingredients Inc Earnings CallMay 4, 2023 | msn.comMGP (MGPI) Q1 Earnings and Revenues Surpass EstimatesMay 4, 2023 | finance.yahoo.comMGP Ingredients Reports Strong First Quarter 2023 ResultsMay 3, 2023 | markets.businessinsider.comMGP Ingredients earnings: here's what Wall Street expectsMay 3, 2023 | americanbankingnews.comMGP Ingredients (MGPI) Set to Announce Earnings on ThursdayMay 2, 2023 | finance.yahoo.comEl Mayor Tequila celebrates 25 years with its limited-edition Extra Añejo Bourbon Barrel Aged offeringSee More Headlines MGPI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGPI Company Calendar Ex-Dividend for 3/24 Dividend3/09/2023Dividend Payable3/24/2023Last Earnings5/04/2023Ex-Dividend for 6/2 Dividend5/18/2023Dividend Payable6/02/2023Today6/05/2023Next Earnings (Estimated)8/03/2023Fiscal 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) 367-1480Fax913-367-0192Employees672Year Founded1941Price Target and Rating Average Stock Price Forecast$124.50 High Stock Price Forecast$140.00 Low Stock Price Forecast$115.00 Forecasted Upside/Downside+26.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.61 Trailing P/E Ratio21.29 Forward P/E Ratio18.87 P/E Growth2.15Net Income$109.46 million Net Margins12.97% Pretax Margin16.79% Return on Equity13.86% Return on Assets8.92% Debt Debt-to-Equity Ratio0.29 Current Ratio4.65 Quick Ratio1.63 Sales & Book Value Annual Sales$782.36 million Price / Sales2.75 Cash Flow$5.76 per share Price / Cash Flow17.04 Book Value$33.90 per share Price / Book2.89Miscellaneous Outstanding Shares21,950,000Free Float15,651,000Market Cap$2.15 billion OptionableOptionable Beta0.90 Social Links Key ExecutivesDavid J. ColoPresident, Chief Executive Officer & DirectorDavid BratcherChief Operating Officer & President-Branded SpiritBrandon M. GallChief Financial Officer & Vice President-FinanceAmel PasagicCIO & Vice President-Information TechnologyMatt KrusemarkVP-Distilling Solutions Segment SalesKey CompetitorsOlaplexNASDAQ:OLPXEdgewell Personal CareNYSE:EPCJohn Wiley & SonsNYSE:WLYJohn Wiley & SonsNYSE:WLYBUtz BrandsNYSE:UTZView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 458 shares on 6/1/2023Ownership: 1.124%Karen SeabergSold 3,692 sharesTotal: $350,444.64 ($94.92/share)ProShare Advisors LLCSold 183 shares on 5/26/2023Ownership: 0.009%Karen SeabergSold 608 sharesTotal: $60,623.68 ($99.71/share)Legato Capital Management LLCSold 1,413 shares on 5/25/2023Ownership: 0.027%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 equities 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 equities 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 brokerages have issued 12-month price objectives for MGP Ingredients' stock. Their MGPI share price forecasts range from $115.00 to $140.00. On average, they anticipate the company's stock price to reach $124.50 in the next year. This suggests a possible upside of 26.9% 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 beginning of the year. Since then, MGPI shares have decreased by 7.8% and is now trading at $98.13. 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, August 3rd 2023. View our MGPI earnings forecast. How were MGP Ingredients' earnings last quarter? MGP Ingredients, Inc. (NASDAQ:MGPI) issued its quarterly earnings data on Thursday, May, 4th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.29. The company had revenue of $201.01 million for the quarter, compared to analysts' expectations of $194.43 million. MGP Ingredients had a trailing twelve-month return on equity of 13.86% and a net margin of 12.97%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 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, May 4th. Stockholders of record on Friday, May 19th will be given a dividend of $0.12 per share on Friday, June 2nd. This represents a $0.48 annualized dividend and a yield of 0.49%. The ex-dividend date is Thursday, May 18th. 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 AdvisorShares Vice ETF (VICE), Invesco S&P SmallCap Consumer Staples ETF (PSCC), VegTech Plant-based Innovation & Climate ETF (EATV), Invesco Dynamic Food & Beverage ETF (PBJ), B.A.D. Etf (BAD), Nuveen Small Cap Select ETF (NSCS), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG). 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 10.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 8.65% 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, May, 4th. The company provided earnings per share (EPS) guidance of $5.05-$5.20 for the period, compared to the consensus earnings per share estimate of $5.14. The company issued revenue guidance of $815.00 million-$835.00 million, compared to the consensus revenue estimate of $829.73 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 shareholders include BlackRock Inc. (11.47%), Champlain Investment Partners LLC (4.39%), Stephens Investment Management Group LLC (3.51%), Dimensional Fund Advisors LP (3.11%), State Street Corp (2.29%) and Southernsun Asset Management LLC (1.70%). Insiders that own company stock include Brandon Gall, David E Dykstra, Donn S Lux, James L Bareuther, Karen Seaberg, Lori LS Mingus, Luxco 2017 Irrevocable Trust D, Michael Rodger Buttshaw, Michele Lux, 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 $98.13. How much money does MGP Ingredients make? MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.15 billion and generates $782.36 million in revenue each year. The company earns $109.46 million in net income (profit) each year or $4.61 on an earnings per share basis. How many employees does MGP Ingredients have? The company employs 672 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 6/5/2023 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. 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