NASDAQ:MGPIMGP Ingredients Stock Price, Forecast & News

$38.32

+1.53 (+4.16 %)

(As of 06/4/2020 04:00 PM ET)

Add

Compare

Today's Range

$36.88

Now: $38.32▼

$39.22

50-Day Range

$34.16

MA: $36.59▼

$40.99

52-Week Range

$21.64

Now: $38.32▼

$69.90

Volume111,400 shs

Average Volume247,059 shs

Market Capitalization$647.45 million

P/E Ratio16.88

Dividend Yield1.25%

Beta1.68

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.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
MGP Ingredients has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.33, MGP Ingredients has a potential upside of 10.5% from its current price of $38.32.
Amount of Analyst Coverage
MGP Ingredients has only been the subject of 2 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
MGP Ingredients has received 243 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
MGP Ingredients has received 270 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
MGP Ingredients has received 52.63% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
MGP Ingredients is a leading dividend payer. It pays a dividend yield of 1.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
MGP Ingredients has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of MGP Ingredients is 21.15 %. 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 17.52 % next year. This indicates that MGP Ingredients will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MGP Ingredients insiders have sold 199.74% more of their company's stock than they have bought. Specifically, they have bought $297,394.00 in company stock and sold $891,407.00 in company stock.
Percentage Held by Insiders
Only 24.06% of the stock of MGP Ingredients is held by insiders.
Percentage Held by Institutions
95.60% 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 12.76% in the coming year, from $2.43 to $2.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MGP Ingredients is 16.88, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of MGP Ingredients is 16.88, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 37.79.
Price to Book Value per Share Ratio
MGP Ingredients has a P/B Ratio of 2.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.06 out of 5 stars

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

CIK835011

Webwww.mgpingredients.com

Phone913-367-1480

Debt

Debt-to-Equity Ratio0.42

Current Ratio5.86

Quick Ratio2.41

Price-To-Earnings

Trailing P/E Ratio16.88

Forward P/E Ratio15.77

P/E GrowthN/A

Sales & Book Value

Annual Sales$362.74 million

Price / Sales1.78

Cash Flow$3.07 per share

Price / Cash Flow12.50

Book Value$13.57 per share

Price / Book2.82

Profitability

EPS (Most Recent Fiscal Year)$2.27

Net Income$38.79 million

Net Margins10.37%

Return on Equity17.47%

Return on Assets11.97%

Miscellaneous

Employees332

Outstanding Shares16,896,000

Market Cap$647.45 million

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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.

MGP Ingredients (NASDAQ:MGPI) Frequently Asked Questions

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

MGP Ingredients' stock was trading at $27.97 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGPI shares have increased by 37.0% and is now trading at $38.32. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MGP Ingredients?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 1 hold rating and 2 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 Wednesday, July 29th 2020. View our earnings forecast for MGP Ingredients.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients Inc (NASDAQ:MGPI) posted its earnings results on Thursday, April, 30th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.26. The firm had revenue of $99.10 million for the quarter, compared to the consensus estimate of $87.77 million. MGP Ingredients had a net margin of 10.37% and a return on equity of 17.47%. The company's revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. View MGP Ingredients' earnings history.

How often does MGP Ingredients pay dividends? What is the dividend yield for MGP Ingredients?

MGP Ingredients announced a quarterly dividend on Friday, May 1st. Stockholders of record on Friday, May 22nd will be given a dividend of $0.12 per share on Friday, June 5th. This represents a $0.48 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 21st. View MGP Ingredients' dividend history.

What price target have analysts set for MGPI?

3 equities research analysts have issued 12 month target prices for MGP Ingredients' stock. Their forecasts range from $32.00 to $50.00. On average, they anticipate MGP Ingredients' share price to reach $42.33 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price. View analysts' price targets for MGP Ingredients.

Has MGP Ingredients been receiving favorable news coverage?

Media headlines about MGPI stock have trended negative recently, InfoTrie reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of 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 -2.6 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutMGP Ingredients.

Who are some of MGP Ingredients' key competitors?

Some companies that are related to MGP Ingredients include J & J Snack Foods (JJSF), Tootsie Roll Industries (TR), Coca-Cola Consolidated (COKE), Embotelladora Andina SA ADR Series B (AKO.B), JOHN WILEY & SONS -CL A (JW.A), Health and Happiness (H&H) International (BTSDF), John Wiley & Sons (JW.B), Primo Water (PRMW), Hillenbrand (HI), Nu Skin Enterprises (NUS), Embotelladora Andina SA ADR Series A (AKO.A), Industrias Bachoco (IBA), Vector Group (VGR), Edgewell Personal Care (EPC) and Simply Good Foods (SMPL). View all 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), Exxon Mobil (XOM), Walt Disney (DIS), Netflix (NFLX), NVIDIA (NVDA), Verizon Communications (VZ), Advanced Micro Devices (AMD), Intel (INTC), JD.Com (JD) and Occidental Petroleum (OXY).

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 retail and institutional investors. Top institutional shareholders include Raymond James Financial Services Advisors Inc. (24.93%), BlackRock Inc. (11.49%), Champlain Investment Partners LLC (8.19%), Conestoga Capital Advisors LLC (3.13%), Copeland Capital Management LLC (2.78%) and Morgan Stanley (2.72%). Company insiders that own MGP Ingredients stock include Anthony P Foglio, Augustus C Griffin, Brandon Gall, David Colo, David E Dykstra, David E Rindom, George W Page Jr, 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 Conestoga Capital Advisors LLC, Raymond James Financial Services Advisors Inc., Kornitzer Capital Management Inc. KS, Wells Fargo & Company MN, BlackRock Inc., WINTON GROUP Ltd, Champlain Investment Partners LLC, and Comerica Bank. View insider buying and selling activity 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 Copeland Capital Management LLC, Morgan Stanley, Morgan Stanley, Federated Hermes Inc., Thompson Investment Management Inc., Matarin Capital Management LLC, Guggenheim Capital LLC, and State Street Corp. Company insiders that have bought MGP Ingredients stock in the last two years include Anthony P Foglio, Augustus C Griffin, Brandon Gall, David Colo, George W Page Jr, 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 $38.32.

How big of a company is MGP Ingredients?

MGP Ingredients has a market capitalization of $647.45 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 6/4/2020 by MarketBeat.com Staff