NASDAQ:MGPI - MGP Ingredients Stock Price, Forecast & News

MGP Ingredients trades on the NASDAQ under the ticker symbol "MGPI."

MGP Ingredients announced a quarterly dividend on Tuesday, October 29th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.10 per share on Tuesday, November 26th. This represents a $0.40 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, November 13th. View MGP Ingredients' Dividend History.

MGP Ingredients Inc (NASDAQ:MGPI) released its quarterly earnings data on Thursday, October, 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.16. The business had revenue of $90.68 million for the quarter, compared to analyst estimates of $99.49 million. MGP Ingredients had a net margin of 9.94% and a return on equity of 17.78%. MGP Ingredients's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. View MGP Ingredients' Earnings History.

MGP Ingredients is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for MGP Ingredients.

MGP Ingredients updated its FY 2019 Pre-Market earnings guidance on Friday, January, 17th. The company provided EPS guidance of 2.20-2.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.57. The company issued revenue guidance of $362-362 million, compared to the consensus revenue estimate of $391.17 million.

2 brokerages have issued twelve-month target prices for MGP Ingredients' shares. Their forecasts range from $40.00 to $55.00. On average, they expect MGP Ingredients' stock price to reach $47.50 in the next year. This suggests a possible upside of 34.6% from the stock's current price. View Analyst Price Targets for MGP Ingredients.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MGP Ingredients.

Media stories about MGPI stock have trended somewhat negative on Monday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MGP Ingredients earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for MGP Ingredients.

Some companies that are related to MGP Ingredients include Avon Products (AVP), Simply Good Foods (SMPL), Industrias Bachoco (IBA), Freshpet (FRPT), Tootsie Roll Industries (TR), Inter Parfums (IPAR), Embotelladora Andina SA ADR Series A (AKO.A), National Beverage (FIZZ), Nu Skin Enterprises (NUS), Cott (COT), Vector Group (VGR), Hillenbrand (HI), Hostess Brands (TWNK), Fresh Del Monte Produce (FDP) and Edgewell Personal Care (EPC).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGP Ingredients investors own include Alibaba Group (BABA), Baozun (BZUN), NVIDIA (NVDA), Netflix (NFLX), Canopy Growth (CGC), Constellation Brands (STZ), Adobe (ADBE), Baidu (BIDU), DexCom (DXCM) and Intel (INTC).

MGP Ingredients' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Conestoga Capital Advisors LLC (7.07%), AMI Asset Management Corp (1.20%), Tealwood Asset Management Inc. (0.21%), California Public Employees Retirement System (0.16%), New York State Teachers Retirement System (0.07%) and Arizona State Retirement System (0.05%). Company insiders that own MGP Ingredients stock include Anthony P Foglio, Augustus C Griffin, Brandon Gall, Daryl Schaller, David E Dykstra, David E Rindom, George W Page Jr, K Pigott Thomas, Karen Seaberg, Michael Rodger Buttshaw and Stephen J Glaser. View Institutional Ownership Trends for MGP Ingredients.

MGPI stock was sold by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, AMI Asset Management Corp, Arizona State Retirement System, Tealwood Asset Management Inc. and Louisiana State Employees Retirement System. Company insiders that have sold MGP Ingredients company stock in the last year include David E Dykstra and Karen Seaberg. View Insider Buying and Selling for MGP Ingredients.

MGPI stock was acquired by a variety of institutional investors in the last quarter, including Virginia Retirement Systems ET AL, New York State Teachers Retirement System, AdvisorShares Investments LLC, Diversified Trust Co, FNY Investment Advisers LLC, California Public Employees Retirement System and Nisa Investment Advisors LLC. Company insiders that have bought MGP Ingredients stock in the last two years include Anthony P Foglio, Augustus C Griffin, Brandon Gall, George W Page Jr, K Pigott Thomas, Michael Rodger Buttshaw and Stephen J Glaser. View Insider Buying and Selling for MGP Ingredients.

Shares of MGPI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MGPI stock can currently be purchased for approximately $35.29.

MGP Ingredients has a market capitalization of $600.88 million and generates $376.09 million in revenue each year. The company earns $37.28 million in net income (profit) each year or $2.17 on an earnings per share basis. MGP Ingredients employs 332 workers across the globe.View Additional Information About MGP Ingredients.

The official website for MGP Ingredients is http://www.mgpingredients.com/.

MGP Ingredients' mailing address is 100 Commercial Street, ATCHISON KS, 66002. The company can be reached via phone at 913-367-1480 or via email at [email protected]