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

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$55.5950 -0.86 (-1.52 %)
(As of 12/14/2018 12:07 PM ET)
Previous Close$56.45
Today's Range$53.66 - $56.7550
52-Week Range$55.57 - $99.73
Volume193,118 shs
Average Volume134,242 shs
Market Capitalization$1.01 billion
P/E Ratio29.73
Dividend Yield0.53%
Beta1.16
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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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.23
Current Ratio5.07
Quick Ratio1.69

Price-To-Earnings

Trailing P/E Ratio29.73
Forward P/E Ratio26.60
P/E GrowthN/A

Sales & Book Value

Annual Sales$347.45 million
Price / Sales2.70
Cash Flow$2.3577 per share
Price / Cash Flow23.58
Book Value$10.09 per share
Price / Book5.51

Profitability

EPS (Most Recent Fiscal Year)$1.87
Net Income$41.82 million
Net Margins10.48%
Return on Equity19.23%
Return on Assets13.52%

Miscellaneous

Employees317
Outstanding Shares16,860,000
Market Cap$1.01 billion
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 declared a quarterly dividend on Wednesday, October 31st. Shareholders of record on Thursday, November 15th will be given 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 0.57%. The ex-dividend date of this dividend is Wednesday, November 14th. View MGP Ingredients' Dividend History.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients Inc (NASDAQ:MGPI) announced its earnings results on Thursday, November, 1st. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.51 by $0.01. The firm earned $95 million during the quarter, compared to analyst estimates of $93.08 million. MGP Ingredients had a net margin of 10.48% and a return on equity of 19.23%. The business's revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. View MGP Ingredients' Earnings History.

When is MGP Ingredients' next earnings date?

MGP Ingredients is scheduled to release their next quarterly earnings announcement on Thursday, March 7th 2019. View Earnings Estimates for MGP Ingredients.

What price target have analysts set for MGPI?

4 analysts have issued twelve-month price objectives for MGP Ingredients' stock. Their forecasts range from $73.00 to $105.00. On average, they anticipate MGP Ingredients' stock price to reach $89.3333 in the next year. This suggests a possible upside of 59.4% 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?

News stories about MGPI stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. MGP Ingredients earned a daily sentiment score of 1.8 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the near future.

Who are some of MGP Ingredients' key competitors?

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 number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.89%), Conestoga Capital Advisors LLC (6.63%), Neuberger Berman Group LLC (6.25%), Vanguard Group Inc. (4.85%), Vanguard Group Inc (4.85%) and Dimensional Fund Advisors LP (4.33%). 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 Thrivent Financial for Lutherans, Allianz Asset Management GmbH, Credit Suisse AG, Manatuck Hill Partners LLC, Neuberger Berman Group LLC, AQR Capital Management LLC, Uniplan Investment Counsel Inc. and AMI Asset Management Corp. 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.

Which major investors are buying MGP Ingredients stock?

MGPI stock was acquired by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, Walthausen & Co. LLC, Pembroke Management LTD, Putnam Investments LLC, Jennison Associates LLC, BlackRock Inc., American Century Companies Inc. and Kornitzer Capital Management Inc. KS. Company insiders that have bought MGP Ingredients stock in the last two years include Anthony P Foglio, Augustus C Griffin, George W Page Jr, K Pigott Thomas 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 $56.06.

How big of a company is MGP Ingredients?

MGP Ingredients has a market capitalization of $1.01 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?

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, 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:  167 (Vote Outperform)
Underperform Votes:  176 (Vote Underperform)
Total Votes:  343
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 12/14/2018 by MarketBeat.com Staff

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