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

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

MGP Ingredients declared a quarterly dividend on Tuesday, October 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Wednesday, November 13th. View MGP Ingredients' Dividend History.

MGP Ingredients Inc (NASDAQ:MGPI) announced its 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 company earned $90.68 million during the quarter, compared to the consensus estimate of $99.49 million. MGP Ingredients had a net margin of 9.94% and a return on equity of 17.78%. The firm's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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 issued an update on its FY20 earnings guidance on Wednesday, February, 26th. The company provided earnings per share guidance of $2.03-2.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.27. The company issued revenue guidance of low to mid-single-digit percentage growth, compared to the consensus revenue estimate of $375.26 million.

2 brokers have issued twelve-month price objectives for MGP Ingredients' shares. Their forecasts range from $40.00 to $45.00. On average, they expect MGP Ingredients' stock price to reach $42.50 in the next year. This suggests a possible upside of 38.4% 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 coverage about MGPI stock has been trending somewhat positive on Wednesday, InfoTrie reports. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. MGP Ingredients earned a daily sentiment score of 1.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the stock's share price in the near term. View News Stories for MGP Ingredients.

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

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), Advanced Micro Devices (AMD), Baidu (BIDU), DexCom (DXCM), Intel (INTC) and JD.Com (JD).

MGP Ingredients' stock is owned by many different of retail and institutional investors. Top institutional shareholders 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 purchased 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 $30.70.

MGP Ingredients has a market capitalization of $522.82 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]