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. Investors 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 1.21%. 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 results 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 firm earned $90.68 million during the quarter, compared to analysts' expectations of $99.49 million. MGP Ingredients had a return on equity of 17.78% and a net margin of 9.94%. The firm's revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the company earned $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 will be holding an earnings conference call on Wednesday, February 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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 brokers have issued 12 month price objectives for MGP Ingredients' shares. Their forecasts range from $40.00 to $45.00. On average, they expect MGP Ingredients' share price to reach $42.50 in the next year. This suggests a possible upside of 28.2% 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.

News headlines about MGPI stock have been trending negative recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of media 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 coverage optimism score of -2.0 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for MGP Ingredients.

Some companies that are related to MGP Ingredients include Industrias Bachoco (IBA), Inter Parfums (IPAR), Cott (COT), National Beverage (FIZZ), Embotelladora Andina SA ADR Series A (AKO.A), Hillenbrand (HI), Vector Group (VGR), Edgewell Personal Care (EPC), Hostess Brands (TWNK), Nu Skin Enterprises (NUS), Greencore Group (GNCGY), Fresh Del Monte Produce (FDP), DAIRY CREST GRP/ADR (DRCSY), Meredith (MDP) and Calavo Growers (CVGW).

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), Adobe (ADBE), Advanced Micro Devices (AMD), Baidu (BIDU), DexCom (DXCM) and Intel (INTC).

MGP Ingredients' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (25.67%), Champlain Investment Partners LLC (8.26%), Conestoga Capital Advisors LLC (7.07%), Standard Life Aberdeen plc (3.94%), Jennison Associates LLC (2.57%) and Bank of America Corp DE (2.49%). 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 Public Employees Retirement Association of Colorado, Marshall Wace North America L.P., Conestoga Capital Advisors LLC, AMI Asset Management Corp, Kornitzer Capital Management Inc. KS, Marshall Wace LLP, Arizona State Retirement System and Raymond James Financial Services Advisors Inc.. 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 bought by a variety of institutional investors in the last quarter, including Royce & Associates LP, Champlain Investment Partners LLC, Copeland Capital Management LLC, Jennison Associates LLC, Thompson Investment Management Inc., Standard Life Aberdeen plc, Bank of America Corp DE and Russell Investments Group Ltd.. 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 $33.15.

MGP Ingredients has a market capitalization of $564.54 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]