Log in

MGP Ingredients Stock Forecast, Price & News

-0.88 (-2.29 %)
(As of 09/28/2020 06:38 AM ET)
Today's Range
Now: $37.47
50-Day Range
MA: $37.63
52-Week Range
Now: $37.47
Volume120,500 shs
Average Volume185,770 shs
Market Capitalization$633.73 million
P/E Ratio16.22
Dividend Yield1.28%
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.
Read More
MGP Ingredients logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.84 out of 5 stars

Industry, Sector and Symbol

Industry Beer, wine, & distilled alcoholic beverages
Current SymbolNASDAQ:MGPI



Sales & Book Value

Annual Sales$362.74 million
Cash Flow$2.84 per share
Book Value$13.57 per share


Net Income$38.79 million


Market Cap$633.73 million
Next Earnings Date10/29/2020 (Estimated)
-0.88 (-2.29 %)
(As of 09/28/2020 06:38 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive MGPI News and Ratings via Email

Sign-up to receive the latest news and ratings for MGPI and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles

MGP Ingredients (NASDAQ:MGPI) Frequently Asked Questions

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

MGP Ingredients' stock was trading at $27.97 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MGPI stock has increased by 34.0% and is now trading at $37.47.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of 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

When is MGP Ingredients' next earnings date?

MGP Ingredients is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for MGP Ingredients

How were MGP Ingredients' earnings last quarter?

MGP Ingredients Inc (NASDAQ:MGPI) released its quarterly earnings results on Thursday, July, 30th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. The firm had revenue of $92.60 million for the quarter, compared to analysts' expectations of $93.42 million. MGP Ingredients had a return on equity of 17.44% and a net margin of 10.47%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS.
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 Thursday, July 30th. Shareholders of record on Friday, August 21st will be given a dividend of $0.12 per share on Friday, September 4th. This represents a $0.48 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, August 20th.
View MGP Ingredients' dividend history

What price target have analysts set for MGPI?

4 brokerages have issued 1-year target prices for MGP Ingredients' shares. Their forecasts range from $32.00 to $50.00. On average, they expect MGP Ingredients' share price to reach $43.00 in the next year. This suggests a possible upside of 14.8% from the stock's current price.
View analysts' price targets for MGP Ingredients

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), Walt Disney (DIS), JD.Com (JD), Aimmune Therapeutics (AIMT), Intel (INTC), NVIDIA (NVDA), TENCENT HOLDING/ADR (TCEHY), Exxon Mobil (XOM), Apple Hospitality REIT (APLE) and Boeing (BA).

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."

Who are MGP Ingredients' major shareholders?

MGP Ingredients' stock is owned by many different institutional and retail investors. Top institutional shareholders include Raymond James Financial Services Advisors Inc. (25.12%), Vanguard Group Inc. (5.57%), Copeland Capital Management LLC (2.77%), Bank of America Corp DE (2.23%), Nordea Investment Management AB (1.79%) and Stephens Investment Management Group LLC (1.73%). Company insiders that own MGP Ingredients stock include Augustus C Griffin, Brandon Gall, David Colo, David E Dykstra, K Pigott Thomas, Karen Seaberg, Michael Rodger Buttshaw, Stephen J Glaser and Terrence P Dunn.
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 Goldman Sachs Group Inc., Thompson Investment Management Inc., Comerica Bank, WINTON GROUP Ltd, Gabelli Funds LLC, Vanguard Group Inc., Advisor Group Holdings Inc., and Raymond James Financial Services Advisors Inc..
View insider buying and selling activity for MGP Ingredients

Which major investors are buying MGP Ingredients stock?

MGPI stock was purchased by a variety of institutional investors in the last quarter, including Stephens Investment Management Group LLC, Russell Investments Group Ltd., Nordea Investment Management AB, Frontier Capital Management Co. LLC, Kornitzer Capital Management Inc. KS, Marshall Wace North America L.P., FIL Ltd, and Gilder Gagnon Howe & Co. LLC. Company insiders that have bought MGP Ingredients stock in the last two years include Augustus C Griffin, Brandon Gall, David Colo, K Pigott Thomas, Michael Rodger Buttshaw, Stephen J Glaser, and Terrence P Dunn.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is MGP Ingredients' stock price today?

One share of MGPI stock can currently be purchased for approximately $37.47.

How big of a company is MGP Ingredients?

MGP Ingredients has a market capitalization of $633.73 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.

What is MGP Ingredients' official website?

The official website for MGP Ingredients is 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]

This page was last updated on 9/28/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.