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
Price-To-Earnings
Sales & Book Value
Annual Sales$376.09 million
Profitability
Miscellaneous
Employees332
Next Earnings Date8/1/2019 (Estimated)
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, May 1st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.10 per share on Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Tuesday, May 14th. View MGP Ingredients' Dividend History.
How were MGP Ingredients' earnings last quarter?
MGP Ingredients Inc (NASDAQ:MGPI) announced its earnings results on Wednesday, May, 1st. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $89.10 million for the quarter, compared to analyst estimates of $91.25 million. MGP Ingredients had a return on equity of 19.31% and a net margin of 9.97%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. View MGP Ingredients' Earnings History.
When is MGP Ingredients' next earnings date?
What guidance has MGP Ingredients issued on next quarter's earnings?
MGP Ingredients issued an update on its FY 2019 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of $2.55-2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.61. MGP Ingredients also updated its FY19 guidance to $2.55-$2.65 EPS.
What price target have analysts set for MGPI?
1 analysts have issued twelve-month price objectives for MGP Ingredients' shares. Their forecasts range from $90.00 to $90.00. On average, they expect MGP Ingredients' share price to reach $90.00 in the next twelve months. This suggests a possible upside of 40.8% from the stock's current price. View Analyst Price Targets for MGP Ingredients.
What is the consensus analysts' recommendation for MGP Ingredients?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGP Ingredients.
Has MGP Ingredients been receiving favorable news coverage?
Media coverage about MGPI stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. MGP Ingredients earned a news impact score of 1.9 on InfoTrie's scale. They also gave headlines about the company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are some of MGP Ingredients' key competitors?
Some companies that are related to MGP Ingredients include Nomad Foods (NOMD), Lancaster Colony (LANC), Square Enix (SQNXF), Boston Beer (SAM), Helen of Troy (HELE), Sanderson Farms (SAFM), Darling Ingredients (DAR), BRITVIC PLC/S (BTVCY), Energizer (ENR), TreeHouse Foods (THS), Embotelladora Andina SA ADR Series B (AKO.B), J & J Snack Foods (JJSF), Coca-Cola Consolidated (COKE), Embotelladora Andina SA ADR Series A (AKO.A) and Nu Skin Enterprises (NUS).
What other stocks do shareholders of MGP Ingredients own?
Who are MGP Ingredients' key executives?
MGP Ingredients' management team includes the folowing 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)
Who are MGP Ingredients' major shareholders?
MGP Ingredients' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Raymond James Financial Services Advisors Inc. (25.78%), BlackRock Inc. (11.04%), Conestoga Capital Advisors LLC (7.10%), Neuberger Berman Group LLC (5.66%), Champlain Investment Partners LLC (5.44%) and Dimensional Fund Advisors LP (4.26%). 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 institutional investors are selling MGP Ingredients stock?
MGPI stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, TimesSquare Capital Management LLC, Morgan Stanley, Renaissance Technologies LLC, Neuberger Berman Group LLC, Wellington Management Group LLP, SG Americas Securities LLC and Loomis Sayles & Co. L P. Company insiders that have sold MGP Ingredients company stock in the last year include David E Dykstra, David E Rindom, Karen Seaberg and Stephen J Glaser. View Insider Buying and Selling for MGP Ingredients.
Which institutional investors are buying MGP Ingredients stock?
MGPI stock was purchased by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Rice Hall James & Associates LLC, Goldman Sachs Group Inc., Champlain Investment Partners LLC, Penn Capital Management Co. Inc., Stephens Investment Management Group LLC, Penn Capital Management Co. Inc. and New York State Common Retirement Fund. 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, 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 $63.93.
How big of a company is MGP Ingredients?
MGP Ingredients has a market capitalization of $1.09 billion 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.
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.
