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S&P 500   4,282.37
DOW   33,762.76
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MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
NASDAQ:MGPI

MGP Ingredients (MGPI) Stock Forecast, Price & News

$100.73
+3.93 (+4.06%)
(As of 06/2/2023 ET)
Compare
Today's Range
$96.87
$101.12
50-Day Range
$94.29
$107.18
52-Week Range
$89.01
$125.74
Volume
106,705 shs
Average Volume
99,935 shs
Market Capitalization
$2.21 billion
P/E Ratio
21.85
Dividend Yield
0.48%
Price Target
$124.50

MGP Ingredients MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.6% Upside
$124.50 Price Target
Short Interest
Bearish
15.92% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.21
Upright™ Environmental Score
News Sentiment
0.07mentions of MGP Ingredients in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.40 M Sold Last Quarter
Proj. Earnings Growth
6.73%
From $5.20 to $5.55 Per Share

Overall MarketRank

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

2.15 out of 5 stars

Consumer Staples Sector

78th out of 139 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

1st out of 1 stocks


MGPI stock logo

About MGP Ingredients (NASDAQ:MGPI) Stock

MGP 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.

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MGPI Stock News Headlines

Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
How A.I. Could Make Most 21st Century Diseases EXTINCT
On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...
MGP Ingredients: Niche Positioning Could Be Nice
MGP Ingredients acquires Penelope Bourbon
MGP Ingredients to Acquire Penelope Bourbon
MGP Ingredients (MGPI) Receives a Buy from Lake Street
Q1 2023 MGP Ingredients Inc Earnings Call
MGP Ingredients earnings: here's what Wall Street expects
See More Headlines

MGPI Price History

MGPI Company Calendar

Ex-Dividend for 3/24 Dividend
3/09/2023
Dividend Payable
3/24/2023
Last Earnings
5/04/2023
Ex-Dividend for 6/2 Dividend
5/18/2023
Dividend Payable
6/02/2023
Today
6/03/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Beer, wine, & distilled alcoholic beverages
Sub-Industry
N/A
Current Symbol
NASDAQ:MGPI
Employees
672
Year Founded
1941

Price Target and Rating

Average Stock Price Forecast
$124.50
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$115.00
Forecasted Upside/Downside
+23.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$109.46 million
Pretax Margin
16.79%

Debt

Sales & Book Value

Annual Sales
$788.13 million
Cash Flow
$6.15 per share
Book Value
$35.25 per share

Miscellaneous

Free Float
15,693,000
Market Cap
$2.21 billion
Optionable
Optionable
Beta
0.90

Social Links


Key Executives

  • David J. Colo
    President, Chief Executive Officer & Director
  • David Bratcher
    Chief Operating Officer & President-Branded Spirit
  • Brandon M. Gall
    Chief Financial Officer & Vice President-Finance
  • Amel Pasagic
    CIO & Vice President-Information Technology
  • Matt Krusemark
    VP-Distilling Solutions Segment Sales













MGPI Stock - Frequently Asked Questions

Should I buy or sell MGP Ingredients stock right now?

3 Wall Street equities research 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 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?

3 brokers have issued 1-year price targets for MGP Ingredients' stock. Their MGPI share price forecasts range from $115.00 to $140.00. On average, they predict the company's stock price to reach $124.50 in the next year. This suggests a possible upside of 23.6% 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 on January 1st, 2023. Since then, MGPI stock has decreased by 5.3% and is now trading at $100.73.
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, August 3rd 2023.
View our MGPI earnings forecast
.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) announced its quarterly earnings results on Thursday, May, 4th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.29. The business earned $201.01 million during the quarter, compared to analysts' expectations of $194.43 million. MGP Ingredients had a trailing twelve-month return on equity of 13.86% and a net margin of 12.97%. MGP Ingredients's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.69 earnings per share.

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

MGP Ingredients announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Friday, May 19th will be paid a dividend of $0.12 per share on Friday, June 2nd. This represents a $0.48 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Thursday, May 18th.
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 0.50%. The dividend payout ratio is 10.41%. 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 issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $5.05-$5.20 for the period, compared to the consensus earnings per share estimate of $5.14. The company issued revenue guidance of $815.00 million-$835.00 million, compared to the consensus revenue estimate of $829.73 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.47%), Champlain Investment Partners LLC (4.39%), Stephens Investment Management Group LLC (3.51%), Dimensional Fund Advisors LP (3.11%), State Street Corp (2.29%) and Southernsun Asset Management LLC (1.70%). Insiders that own company stock include Brandon Gall, 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 $100.73.

How much money does MGP Ingredients make?

MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.21 billion and generates $788.13 million in revenue each year. The company earns $109.46 million in net income (profit) each year or $4.61 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 6/4/2023 by MarketBeat.com Staff

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