MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates in two segments, Distillery Products and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including 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 distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil; and warehouse services, including barrel put away, storage, and retrieval services. The Ingredient Solutions segment provides specialty wheat starches for food applications under the trademarks Fibersym Resistant Starch series, FiberRite RW Resistant Starch, Pregel Instant Starch series, and Midsol Cook-up Starch series; and specialty wheat proteins, commodity wheat starch, and commodity wheat proteins. The company sells its products directly or through distributors to the manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, Japan, Thailand, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.
Industry, Sector and Symbol
Industry Beer, wine, & distilled alcoholic beverages
Sub-IndustryN/A
SectorConsumer Staples
Phone913-367-1480
Debt
Current Ratio5.07
Quick Ratio1.69
Price-To-Earnings
Sales & Book Value
Annual Sales$347.45 million
Price / Sales3.13
Price / Cash Flow24.57
Price / Book6.38
Profitability
Net Income$41.82 million
Net Margins10.48%
Return on Assets13.52%
Miscellaneous
Employees317
OptionableOptionable
MGP Ingredients (NASDAQ:MGPI) Frequently Asked Questions
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 quarterly dividend on Wednesday, October 31st. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.08 per share on Friday, November 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Wednesday, November 14th. View MGP Ingredients' Dividend History.
How were MGP Ingredients' earnings last quarter?
MGP Ingredients Inc (NASDAQ:MGPI) issued its earnings results on Thursday, November, 1st. The company reported $0.52 EPS for the quarter, beating the Zacks' consensus estimate of $0.51 by $0.01. The firm had revenue of $95 million for the quarter, compared to analysts' expectations of $93.08 million. MGP Ingredients had a net margin of 10.48% and a return on equity of 19.23%. The company's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. View MGP Ingredients' Earnings History.
When is MGP Ingredients' next earnings date?
What price target have analysts set for MGPI?
4 analysts have issued 1-year target prices for MGP Ingredients' shares. Their predictions range from $73.00 to $105.00. On average, they expect MGP Ingredients' stock price to reach $89.3333 in the next twelve months. This suggests a possible upside of 38.7% from the stock's current price. View Analyst Price Targets for MGP Ingredients.
What is the consensus analysts' recommendation for MGP Ingredients?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGP Ingredients.
Has MGP Ingredients been receiving favorable news coverage?
Press coverage about MGPI stock has been trending positive recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGP Ingredients earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the near term.
Who are some of MGP Ingredients' key competitors?
Some companies that are related to MGP Ingredients include Tate & Lyle (TATYY), Flowers Foods (FLO), New York Times (NYT), 51job (JOBS), Square Enix (SQNXF), National Beverage (FIZZ), Embotelladora Andina SA ADR Series B (AKO.B), Nu Skin Enterprises (NUS), Darling Ingredients (DAR), TreeHouse Foods (THS), Embotelladora Andina SA ADR Series A (AKO.A), Nomad Foods (NOMD), John Wiley & Sons (JW.B), JOHN WILEY & SONS -CL A (JW.A) and Helen of Troy (HELE).
Who are MGP Ingredients' key executives?
MGP Ingredients' management team includes the folowing people:
- Mr. Augustus C. Griffin, CEO, Pres & Director (Age 58)
- Mr. Thomas K. Pigott, VP of Fin. & CFO (Age 53)
- Mr. David E. Rindom, VP & Chief Admin. Officer (Age 63)
- Mr. David E. Dykstra, VP of Alcohol Sales & Marketing (Age 55)
- Mr. Stephen J. Glaser, VP of Production & Engineering (Age 57)
Who are MGP Ingredients' major shareholders?
MGP Ingredients' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include 6 Meridian (0.05%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own MGP Ingredients stock include Anthony P Foglio, Augustus C Griffin, 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.
Which major investors are selling MGP Ingredients stock?
MGPI stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System and 6 Meridian. Company insiders that have sold MGP Ingredients company stock in the last year include Daryl Schaller, David E Dykstra, David E Rindom, Karen Seaberg, Michael Rodger Buttshaw and Stephen J Glaser. View Insider Buying and Selling for MGP Ingredients.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is MGP Ingredients' stock price today?
One share of MGPI stock can currently be purchased for approximately $64.41.
How big of a company is MGP Ingredients?
MGP Ingredients has a market capitalization of $1.05 billion and generates $347.45 million in revenue each year. The company earns $41.82 million in net income (profit) each year or $1.87 on an earnings per share basis. MGP Ingredients employs 317 workers across the globe.
What is MGP Ingredients' official website?
How can I contact MGP Ingredients?
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]
MarketBeat Community Rating for MGP Ingredients (NASDAQ MGPI)
MarketBeat's community ratings are surveys of what our community members think about MGP Ingredients and other stocks. Vote "Outperform" if you believe MGPI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGPI will underperform the S&P 500 over the long term. You may vote once every thirty days.
