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

$26.89
-0.16 (-0.59 %)
(As of 04/1/2020 04:58 AM ET)
Today's Range
$25.62
Now: $26.89
$27.15
50-Day Range
$22.70
MA: $29.35
$34.38
52-Week Range
$21.64
Now: $26.89
$88.99
Volume161,400 shs
Average Volume261,821 shs
Market Capitalization$458.53 million
P/E Ratio11.85
Dividend Yield1.77%
Beta1.74
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.
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MGP Ingredients logo

Industry, Sector and Symbol

Industry Beer, wine, & distilled alcoholic beverages
Sub-IndustryN/A
SectorConsumer Staples
Current SymbolNASDAQ:MGPI
CUSIPN/A
Phone913-367-1480

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$362.74 million
Cash Flow$2.96 per share
Book Value$13.57 per share

Profitability

Net Income$38.79 million

Miscellaneous

Employees332
Market Cap$458.53 million
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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MGP Ingredients (NASDAQ:MGPI) Frequently Asked Questions

How has MGP Ingredients' stock been impacted by COVID-19 (Coronavirus)?

MGP Ingredients' stock was trading at $27.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MGPI shares have decreased by 3.9% and is now trading at $26.89. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is MGP Ingredients' next earnings date?

MGP Ingredients is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for MGP Ingredients.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients Inc (NASDAQ:MGPI) announced its quarterly earnings results on Wednesday, February, 26th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.06. The firm earned $92.50 million during the quarter, compared to analyst estimates of $91.54 million. MGP Ingredients had a net margin of 10.63% and a return on equity of 17.76%. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. View MGP Ingredients' earnings history.

How often does MGP Ingredients pay dividends? What is the dividend yield for MGP Ingredients?

MGP Ingredients declared a quarterly dividend on Wednesday, February 26th. Stockholders of record on Friday, March 13th will be given a dividend of $0.12 per share on Friday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, March 12th. This is a boost from MGP Ingredients's previous quarterly dividend of $0.10. View MGP Ingredients' dividend history.

What guidance has MGP Ingredients issued on next quarter's earnings?

MGP Ingredients updated 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 earnings per share 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.

What price target have analysts set for MGPI?

2 analysts have issued twelve-month price targets for MGP Ingredients' shares. Their forecasts range from $32.00 to $45.00. On average, they expect MGP Ingredients' stock price to reach $38.50 in the next year. This suggests a possible upside of 43.2% from the stock's current price. View analysts' price targets for MGP Ingredients.

Has MGP Ingredients been receiving favorable news coverage?

Media headlines about MGPI stock have trended very negative on Wednesday, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. 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 news impact score of -3.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View the latest news aboutMGP Ingredients.

Are investors shorting MGP Ingredients?

MGP Ingredients saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,580,300 shares, a drop of 6.2% from the February 27th total of 2,750,000 shares. Based on an average daily trading volume, of 263,700 shares, the days-to-cover ratio is presently 9.8 days. Approximately 19.4% of the shares of the stock are sold short. View MGP Ingredients' Current Options Chain.

Who are some of MGP Ingredients' key competitors?

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), Baozun (BZUN), NVIDIA (NVDA), Netflix (NFLX), Canopy Growth (CGC), Advanced Micro Devices (AMD), Baidu (BIDU), DexCom (DXCM), Intel (INTC) and JD.Com (JD).

Who are MGP Ingredients' key executives?

MGP Ingredients' management team includes the following people:
  • Mr. Augustus C. Griffin, CEO, Pres & Director (Age 59)
  • Mr. Thomas K. Pigott, VP of Fin. & CFO (Age 54)
  • Mr. David E. Rindom, VP & Chief Admin. Officer (Age 64)
  • Mr. David E. Dykstra, VP of Alcohol Sales & Marketing (Age 56)
  • Dr. Clodualdo Maningat, Chief Science Officer and VP of Ingredients R&D (Age 64)

What is MGP Ingredients' stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is MGP Ingredients' stock price today?

One share of MGPI stock can currently be purchased for approximately $26.89.

How big of a company is MGP Ingredients?

MGP Ingredients has a market capitalization of $458.53 million and generates $362.74 million in revenue each year. The company earns $38.79 million in net income (profit) each year or $2.27 on an earnings per share basis. MGP Ingredients employs 332 workers across the globe. View additional information about MGP Ingredients.

What is MGP Ingredients' official website?

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

How can I contact MGP Ingredients?

MGP Ingredients' mailing address is 100 Commercial Street Box 130, 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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  239 (Vote Outperform)
Underperform Votes:  267 (Vote Underperform)
Total Votes:  506
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.
This page was last updated on 4/1/2020 by MarketBeat.com Staff

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