NASDAQ:MGPI

MGP Ingredients - MGPI Stock Forecast, Price & News

$123.89

-1.17 (-0.94%)

(As of 12/1/2022 12:00 AM ET)

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Today's Range: $123.49
▼
$125.73
50-Day Range: $95.97
▼
$125.50
52-Week Range: $73.02
▼
$125.74

Volume: 117,356 shs
Average Volume: 136,899 shs
Market Capitalization: $2.72 billion

P/E Ratio: 23.38
Dividend Yield: 0.38%
Price Target: $121.40

MGP Ingredients MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 2.0% Downside
$121.40 Price Target
Short Interest: Bearish
17.67% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.21
Upright™ Environmental Score
News Sentiment: 0.59
Based on 5 Articles This Week
Insider Trading: Selling Shares
$723,794 Sold Last Quarter
Proj. Earnings Growth: 6.29%
From $4.77 to $5.07 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Consumer Staples Sector

100th out of 143 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

1st out of 1 stocks

1.5

Analyst's Opinion

Consensus Rating
MGP Ingredients has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $121.40, MGP Ingredients has a forecasted downside of 2.0% from its current price of $123.89.
Amount of Analyst Coverage
MGP Ingredients has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
17.67% of the float of MGP Ingredients has been sold short.
Short Interest Ratio / Days to Cover
MGP Ingredients has a short interest ratio ("days to cover") of 13.9, which indicates bearish sentiment.
Change versus previous month
Short interest in MGP Ingredients has recently decreased by 5.20%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
MGP Ingredients has a dividend yield of 0.38%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
MGP Ingredients does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of MGP Ingredients is 9.06%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, MGP Ingredients will have a dividend payout ratio of 9.47% next year. This indicates that MGP Ingredients will be able to sustain or increase its dividend.

1.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
MGP 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 Sustainability
The Environmental Impact score for MGP Ingredients is -1.21.

2.5

News and Social Media Coverage

News Sentiment
MGP Ingredients has a news sentiment score of 0.59. 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 news sentiment score is similar to the average news sentiment of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for MGP Ingredients this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for MGPI on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added MGP Ingredients to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In 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 $723,794.00 in company stock.
Percentage Held by Insiders
36.70% 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 Institutions
79.27% of the stock of MGP Ingredients is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for MGP Ingredients are expected to grow by 6.29% in the coming year, from $4.77 to $5.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MGP Ingredients is 23.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of MGP Ingredients is 23.38, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.33.
Price to Book Value per Share Ratio
MGP Ingredients has a P/B Ratio of 3.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MGP Ingredients (NASDAQ:MGPI) Stock

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; 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 fuel-grade alcohol for blending with gasoline; distillers feed and related co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Branded Spirits segment provides ultra-premium, premium, mid, and value branded distilled spirits. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.

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MGPI Stock News Headlines

November 29, 2022 | finance.yahoo.com

Are Consumer Staples Stocks Lagging MGP Ingredients (MGPI) This Year?

November 29, 2022 | finance.yahoo.com

At US$123, Is MGP Ingredients, Inc. (NASDAQ:MGPI) Worth Looking At Closely?

December 2, 2022 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

November 26, 2022 | americanbankingnews.com

Brokerages Set MGP Ingredients, Inc. (NASDAQ:MGPI) PT at $117.83

November 25, 2022 | finance.yahoo.com

The Zacks Analyst Blog Highlights Conagra Brands, General Mills, Lamb Weston Holdings The J. M. Smucker and MGP Ingredients

November 24, 2022 | finance.yahoo.com

MGP Ingredients, Inc. (MGPI) Hit a 52 Week High, Can the Run Continue?

November 21, 2022 | benzinga.com

Looking Into MGP Ingredients's Return On Capital Employed

November 15, 2022 | finance.yahoo.com

MGP Joins Industry Effort to Prevent Underage Access to Alcohol

December 2, 2022 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

November 13, 2022 | seekingalpha.com

MGP Ingredients: Can The Party Last?

November 10, 2022 | finance.yahoo.com

Is MGP Ingredients (MGPI) Stock Outpacing Its Consumer Staples Peers This Year?

November 8, 2022 | finance.yahoo.com

MGP Ingredients Third Quarter 2022 Earnings: Beats Expectations

November 5, 2022 | seekingalpha.com

MGP Ingredients, Inc. (MGPI) Q3 2022 Earnings Call Transcript

November 3, 2022 | msn.com

Recap: MGP Ingredients Q3 Earnings

November 3, 2022 | finance.yahoo.com

MGP Ingredients Reports Strong Third Quarter 2022 Results

November 3, 2022 | finance.yahoo.com

MGP (MGPI) Tops Q3 Earnings and Revenue Estimates

October 29, 2022 | finance.yahoo.com

MGP Ingredients (NASDAQ:MGPI) jumps 8.2% this week, though earnings growth is still tracking behind three-year shareholder returns

October 20, 2022 | finance.yahoo.com

MGP Ingredients Schedules Third Quarter 2022 Conference Call/Webcast for Thursday, November 3

October 19, 2022 | benzinga.com

ROSEN, A TOP RANKED FIRM, Encourages MGP Ingredients, Inc. Investors With Losses to Inquire About Securities Class Action Investigation – MGPI

October 18, 2022 | markets.businessinsider.com

ROSEN, RESPECTED INVESTOR COUNSEL, Encourages MGP Ingredients, Inc. Investors to Inquire About Securities Class Action Investigation - MGPI

October 14, 2022 | finance.yahoo.com

MGP (MGPI) Soars 7.1%: Is Further Upside Left in the Stock?

October 12, 2022 | investing.com

Spruce Point Sees Potential 55% Downside for MGP Ingredients Shares

October 12, 2022 | msn.com

MGPI merger with Luxco branded ‘abysmal failure’ by short seller

October 4, 2022 | nasdaq.com

These 4 Measures Indicate That MGP Ingredients (NASDAQ:MGPI) Is Using Debt Reasonably Well

October 3, 2022 | finance.yahoo.com

MGP Names New Distilling Solutions Vice President to Take the Helm in 2023

September 27, 2022 | finance.yahoo.com

MGP Hires Terri Roberts to Lead New Foodservice Channel Sales

September 26, 2022 | finance.yahoo.com

MGP Offers New Proterra® Plant-Based Crumbles for Foodservice Industry

See More Headlines

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MGPI Company Calendar

Last Earnings: 11/03/2021
Ex-Dividend for 12/2 Dividend: 11/17/2022
Today: 12/02/2022
Dividend Payable: 12/02/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/23/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Beer, wine, & distilled alcoholic beverages
Sub-Industry: N/A
Sector: Consumer Staples
Current Symbol: NASDAQ:MGPI
CUSIP: N/A
CIK: 835011
Web: www.mgpingredients.com
Phone: (913) 367-1480
Fax: 913-367-0192
Employees: 672
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $121.40
High Stock Price Forecast: $140.00
Low Stock Price Forecast: $99.00
Forecasted Upside/Downside: -2.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.30
Trailing P/E Ratio: 23.38
Forward P/E Ratio: 25.97
P/E Growth: N/A
Net Income: $91.31 million
Net Margins: 15.57%
Pretax Margin: 20.53%
Return on Equity: 15.39%
Return on Assets: 9.71%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 4.37
Quick Ratio: 1.64

Sales & Book Value

Annual Sales: $626.72 million
Price / Sales: 4.35
Cash Flow: $5.00 per share
Price / Cash Flow: 24.80
Book Value: $32.91 per share
Price / Book: 3.76

Miscellaneous

Outstanding Shares: 21,994,000
Free Float: 13,922,000
Market Cap: $2.72 billion
Optionable: Optionable
Beta: 0.93

Key Executives

Mr. David J. Colo (Age 59)
Pres, CEO & Director
Comp: $2.09M

Mr. Brandon M. Gall (Age 40)
VP of Fin. & CFO
Comp: $851.55k

Mr. David S. Bratcher (Age 54)
COO & Pres of Branded Spirits
Comp: $932.62k

Dr. Clodualdo Maningat (Age 67)
Chief Science Officer and VP of Ingredients R&D

Mr. Amel Pasagic
VP of Information Technology & Chief Information Officer

Mr. Curtis Landherr
Chief Legal Officer

Mr. Greg Manis
Corp. Director of Communications

Mr. Fletcher R. Buchman
VP of Marketing

Erika L. Lapish
VP of HR

Mr. Mark Davidson
Corp. Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MGPI Stock - Frequently Asked Questions

Should I buy or sell MGP Ingredients stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research 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?: 5 brokers have issued twelve-month target prices for MGP Ingredients' shares. Their MGPI share price forecasts range from $99.00 to $140.00. On average, they predict the company's stock price to reach $121.40 in the next twelve months. This suggests that the stock has a possible downside of 2.0%.
View analysts price targets for MGPI or view top-rated stocks among Wall Street analysts.
How have MGPI shares performed in 2022?: MGP Ingredients' stock was trading at $84.99 at the beginning of the year. Since then, MGPI stock has increased by 45.8% and is now trading at $123.89.
View the best growth stocks for 2022 here.
When is MGP Ingredients' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our MGPI earnings forecast.
How were MGP Ingredients' earnings last quarter?: MGP Ingredients, Inc. (NASDAQ:MGPI) posted its earnings results on Wednesday, November, 3rd. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.69. The business had revenue of $176.61 million for the quarter, compared to the consensus estimate of $148.10 million. MGP Ingredients had a trailing twelve-month return on equity of 15.39% and a net margin of 15.57%. During the same period in the prior year, the firm posted $0.61 EPS.
How often does MGP Ingredients pay dividends? What is the dividend yield for MGP Ingredients?: MGP Ingredients declared a quarterly dividend on Thursday, November 3rd. Shareholders of record on Friday, November 18th will be given a dividend of $0.12 per share on Friday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Thursday, November 17th.
Read our dividend analysis for MGPI.
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 0.38%. The dividend payout ratio is 9.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 9.47% 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 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $4.62-$4.80 for the period, compared to the consensus EPS estimate of $4.67. The company issued revenue guidance of $765.00 million-$780.00 million, compared to the consensus revenue estimate of $760.72 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."
Who are MGP Ingredients' major shareholders?: MGP Ingredients' stock is owned by many different retail and institutional investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (16.82%), BlackRock Inc. (10.89%), Vanguard Group Inc. (4.97%), Stephens Investment Management Group LLC (3.76%), Dimensional Fund Advisors LP (2.95%) and State Street Corp (2.24%). Insiders that own company stock include Augustus C Griffin, Brandon Gall, David Colo, David E Dykstra, Donn S Lux, James L Bareuther, Karen Seaberg, Lori LS Mingus, Luxco 2017 Irrevocable Trust D, Michael Rodger Buttshaw, Michele Lux, Stephen J Glaser, Stephen J Glaser and Terrence P Dunn.
View institutional ownership trends.
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 $123.89.
How much money does MGP Ingredients make?: MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.72 billion and generates $626.72 million in revenue each year. The company earns $91.31 million in net income (profit) each year or $5.30 on an earnings per share basis.
How many employees does MGP Ingredients have?: The company employs 672 workers across the globe.
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 12/2/2022 by MarketBeat.com Staff

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MGP Ingredients - MGPI Stock Forecast, Price & News

MGP Ingredients MarketRank™ Forecast

Overall MarketRank™