NASDAQ:MGPI MGP Ingredients - MGPI Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MGP Ingredients, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $96.72 +2.16 (+2.28%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$94.65▼$97.0250-Day Range$91.50▼$106.2552-Week Range$84.36▼$125.74Volume245,031 shsAverage Volume121,487 shsMarket Capitalization$2.13 billionP/E Ratio19.70Dividend Yield0.50%Price Target$124.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability MGP Ingredients MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside28.7% Upside$124.50 Price TargetShort InterestBearish15.78% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-1.21Upright™ Environmental ScoreNews SentimentN/AInsider TradingSelling Shares$3.28 M Sold Last QuarterProj. Earnings Growth8.19%From $5.13 to $5.55 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.51 out of 5 starsConsumer Staples Sector29th out of 138 stocksBeer, Wine, & Distilled Alcoholic Beverages Industry1st out of 1 stocks 3.5 Analyst's Opinion Consensus RatingMGP Ingredients has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $124.50, MGP Ingredients has a forecasted upside of 28.7% from its current price of $96.72.Amount of Analyst CoverageMGP Ingredients has only been the subject of 1 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted15.78% of the float of MGP Ingredients has been sold short.Short Interest Ratio / Days to CoverMGP Ingredients has a short interest ratio ("days to cover") of 17, which indicates bearish sentiment.Change versus previous month Previous Next 1.7 Dividend Strength Dividend YieldMGP Ingredients has a dividend yield of 0.51%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthMGP Ingredients does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of MGP Ingredients is 9.78%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MGP Ingredients will have a dividend payout ratio of 8.65% next year. This indicates that MGP Ingredients will be able to sustain or increase its dividend. Previous Next 1.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGP Ingredients has received a -28.98% net impact score from Upright. The largest negative impact of Mgp Ingredients in category "Physical diseases" seems to be driven mostly by its "Whiskey", "Gin", and "Vodka" products. See details.Environmental SustainabilityThe Environmental Impact score for MGP Ingredients is -1.21. Previous Next 2.4 News and Social Media Coverage News SentimentMGP Ingredients has a news sentiment score of 1.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.38 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 1 news article for MGP Ingredients this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for MGPI on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added MGP Ingredients to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGP Ingredients insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,281,705.00 in company stock.Percentage Held by Insiders36.70% of the stock of MGP Ingredients is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions78.64% of the stock of MGP Ingredients is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for MGP Ingredients are expected to grow by 8.19% in the coming year, from $5.13 to $5.55 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGP Ingredients is 19.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.45.Price to Earnings Ratio vs. SectorThe P/E ratio of MGP Ingredients is 19.70, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 20.99.Price to Book Value per Share RatioMGP Ingredients has a P/B Ratio of 2.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MGP Ingredients (NASDAQ:MGPI) StockMGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein and starch food ingredients. It operates through the following segments: Distillery Products, Branded Spirits and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. It also includes warehouse services, including barrel put away, barrel storage and barrel retrieval services. The Branded Spirits segment focuses on producing, importing, bottling and rectifying of distilled spirits through distilleries and bottling facilities. The Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company was founded by Cloud L. Cray in 1941 and is headquartered in Atchison, KS.Read More Receive MGPI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGP Ingredients and its competitors with MarketBeat's FREE daily newsletter. Email Address MGPI Stock News HeadlinesMarch 23, 2023 | americanbankingnews.comKaren Seaberg Sells 5,415 Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) StockMarch 16, 2023 | finance.yahoo.comLux Row Distillers introduces Rebel 100 RyeApril 2, 2023 | Weiss Ratings (Ad)Fed's Shocking New Plan to Control Your MoneyThe Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. February 28, 2023 | finance.yahoo.comDo MGP Ingredients' (NASDAQ:MGPI) Earnings Warrant Your Attention?February 27, 2023 | msn.comMGP Ingredients's Return On Capital Employed OverviewFebruary 25, 2023 | seekingalpha.comMGP Ingredients, Inc. (MGPI) Q4 2022 Earnings Call TranscriptFebruary 24, 2023 | finance.yahoo.comQ4 2022 MGP Ingredients Inc Earnings CallFebruary 23, 2023 | markets.businessinsider.comLake Street Reaffirms Their Buy Rating on MGP Ingredients (MGPI)April 2, 2023 | Weiss Ratings (Ad)Fed's Shocking New Plan to Control Your MoneyThe Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. February 23, 2023 | msn.comMGP (MGPI) Tops Q4 Earnings and Revenue EstimatesFebruary 23, 2023 | finance.yahoo.comMGP Ingredients Reports Strong Fourth Quarter and Full Year 2022 ResultsFebruary 23, 2023 | finance.yahoo.comMGP Ingredients Reports Strong Fourth Quarter and Full Year 2022 ResultsFebruary 18, 2023 | finance.yahoo.comMGPI Feb 2023 105.000 callFebruary 14, 2023 | msn.comFood inflation is still running in the double digits - watch these stocks for pricing powerFebruary 13, 2023 | finance.yahoo.comA MGP Ingredients, Inc. (NASDAQ:MGPI) insider increased their holdings by 0.3% last yearFebruary 6, 2023 | finance.yahoo.comMGP Ingredients Schedules Fourth Quarter and Full Year 2022 Conference Call/Webcast for Thursday, February 23January 11, 2023 | finance.yahoo.comDaviess County Bourbon and Ducks Unlimited announce three-year partnershipDecember 13, 2022 | finance.yahoo.comTop 5 Consumer Staples Picks YTD With Room to Grow in DecemberNovember 29, 2022 | finance.yahoo.comAre Consumer Staples Stocks Lagging MGP Ingredients (MGPI) This Year?November 29, 2022 | finance.yahoo.comAt US$123, Is MGP Ingredients, Inc. (NASDAQ:MGPI) Worth Looking At Closely?November 25, 2022 | finance.yahoo.comThe Zacks Analyst Blog Highlights Conagra Brands, General Mills, Lamb Weston Holdings The J. M. Smucker and MGP IngredientsNovember 24, 2022 | finance.yahoo.comMGP Ingredients, Inc. (MGPI) Hit a 52 Week High, Can the Run Continue?November 21, 2022 | benzinga.comLooking Into MGP Ingredients's Return On Capital EmployedNovember 15, 2022 | finance.yahoo.comMGP Joins Industry Effort to Prevent Underage Access to AlcoholNovember 13, 2022 | seekingalpha.comMGP Ingredients: Can The Party Last?November 10, 2022 | finance.yahoo.comIs MGP Ingredients (MGPI) Stock Outpacing Its Consumer Staples Peers This Year?November 8, 2022 | finance.yahoo.comMGP Ingredients Third Quarter 2022 Earnings: Beats ExpectationsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MGPI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGP Ingredients and its competitors with MarketBeat's FREE daily newsletter. Email Address MGPI Company Calendar Last Earnings2/23/2023Ex-Dividend for 3/24 Dividend3/09/2023Dividend Payable3/24/2023Today4/01/2023Next Earnings (Estimated)5/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Beer, wine, & distilled alcoholic beverages Sub-IndustryN/A SectorConsumer Staples Current SymbolNASDAQ:MGPI CUSIPN/A CIK835011 Webwww.mgpingredients.com Phone(913) 367-1480Fax913-367-0192Employees672Year Founded1941Price Target and Rating Average Stock Price Forecast$124.50 High Stock Price Forecast$140.00 Low Stock Price Forecast$115.00 Forecasted Upside/Downside+28.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.91 Trailing P/E Ratio19.70 Forward P/E Ratio18.85 P/E GrowthN/ANet Income$109.46 million Net Margins13.92% Pretax Margin17.92% Return on Equity15.27% Return on Assets9.73% Debt Debt-to-Equity Ratio0.30 Current Ratio4.31 Quick Ratio1.56 Sales & Book Value Annual Sales$782.36 million Price / Sales2.72 Cash Flow$6.05 per share Price / Cash Flow15.99 Book Value$33.90 per share Price / Book2.85Miscellaneous Outstanding Shares22,000,000Free Float13,927,000Market Cap$2.13 billion OptionableOptionable Beta0.88 Social Links Key ExecutivesDavid J. ColoPresident, Chief Executive Officer & DirectorDavid BratcherChief Operating Officer & President-Branded SpiritBrandon M. GallChief Financial Officer & Vice President-FinanceAmel PasagicCIO & Vice President-Information TechnologyMatt KrusemarkVP-Distilling Solutions Segment SalesKey CompetitorsJohn Wiley & SonsNYSE:WLYBJohn Wiley & SonsNYSE:WLYEdgewell Personal CareNYSE:EPCHelen of TroyNASDAQ:HELENu Skin EnterprisesNYSE:NUSView All CompetitorsInsiders & InstitutionsKaren SeabergSold 5,415 sharesTotal: $499,966.95 ($92.33/share)Karen SeabergSold 5,431 sharesTotal: $499,597.69 ($91.99/share)Karen SeabergSold 5,289 sharesTotal: $497,800.68 ($94.12/share)Victory Capital Management Inc.Sold 27,985 shares on 3/10/2023Ownership: 1.069%Karen SeabergSold 5,126 sharesTotal: $494,197.66 ($96.41/share)View All Insider TransactionsView All Institutional Transactions MGPI Stock - Frequently Asked Questions Should I buy or sell MGP Ingredients stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MGPI shares. View MGPI analyst ratings or view top-rated stocks. What is MGP Ingredients' stock price forecast for 2023? 3 brokerages have issued 12-month price targets for MGP Ingredients' shares. Their MGPI share price forecasts range from $115.00 to $140.00. On average, they expect the company's share price to reach $124.50 in the next year. This suggests a possible upside of 28.7% from the stock's current price. View analysts price targets for MGPI or view top-rated stocks among Wall Street analysts. How have MGPI shares performed in 2023? MGP Ingredients' stock was trading at $106.38 at the start of the year. Since then, MGPI shares have decreased by 9.1% and is now trading at $96.72. View the best growth stocks for 2023 here. When is MGP Ingredients' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. View our MGPI earnings forecast. How were MGP Ingredients' earnings last quarter? MGP Ingredients, Inc. (NASDAQ:MGPI) released its quarterly earnings data on Thursday, February, 23rd. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.14. The firm earned $191 million during the quarter, compared to analyst estimates of $183.86 million. MGP Ingredients had a net margin of 13.92% and a trailing twelve-month return on equity of 15.27%. The firm's revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 EPS. How often does MGP Ingredients pay dividends? What is the dividend yield for MGP Ingredients? MGP Ingredients announced a quarterly dividend on Thursday, February 23rd. Investors of record on Friday, March 10th will be paid a dividend of $0.12 per share on Friday, March 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, March 9th. Read our dividend analysis for MGPI. What ETFs hold MGP Ingredients' stock? ETFs with the largest weight of MGP Ingredients (NASDAQ:MGPI) stock in their portfolio include AdvisorShares Vice ETF (VICE), VegTech Plant-based Innovation & Climate ETF (EATV), Invesco S&P SmallCap Consumer Staples ETF (PSCC), Invesco Dynamic Food & Beverage ETF (PBJ), B.A.D. Etf (BAD), Invesco DWA Consumer Staples Momentum ETF (PSL), Nuveen Small Cap Select ETF (NSCS) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC). Is MGP Ingredients a good dividend stock? MGP Ingredients (NASDAQ:MGPI) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.51%. The dividend payout ratio is 9.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 8.65% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MGPI. What guidance has MGP Ingredients issued on next quarter's earnings? MGP Ingredients updated its FY 2023 earnings guidance on Thursday, February, 23rd. The company provided EPS guidance of $5.05-$5.20 for the period, compared to the consensus estimate of $5.05. The company issued revenue guidance of $815.00 million-$835.00 million, compared to the consensus revenue estimate of $821.92 million. What is Gus Griffin's approval rating as MGP Ingredients' CEO? 1 employees have rated MGP Ingredients Chief Executive Officer Gus Griffin on Glassdoor.com. Gus Griffin has an approval rating of 100% among the company's employees. This puts Gus Griffin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 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), Intel (INTC), NVIDIA (NVDA), Tencent (TCEHY), Exxon Mobil (XOM), Aimmune Therapeutics (AIMT), Apple Hospitality REIT (APLE) and Boeing (BA). 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 stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is MGP Ingredients' stock price today? One share of MGPI stock can currently be purchased for approximately $96.72. How much money does MGP Ingredients make? MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.13 billion and generates $782.36 million in revenue each year. The company earns $109.46 million in net income (profit) each year or $4.91 on an earnings per share basis. How many employees does MGP Ingredients have? The company employs 672 workers across the globe. Does MGP Ingredients have any subsidiaries? The following companies are subsidiares of MGP Ingredients: MGP Distilling LLC, MGPI Processing Inc., MGPI of Indiana LLC, and New Columbia Distillers.Read More How can I contact MGP Ingredients? MGP Ingredients' mailing address is 100 Commercial Street, ATCHISON KS, 66002. The official website for the company is www.mgpingredients.com. The company can be reached via phone at (913) 367-1480, via email at investor.relations@mgpingredients.com, or via fax at 913-367-0192. This page (NASDAQ:MGPI) was last updated on 4/2/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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