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NASDAQ:MGPIMGP Ingredients Stock Price, Forecast & News

$36.50
+0.26 (+0.72 %)
(As of 08/11/2020 04:00 PM ET)
Add
Compare
Today's Range
$35.92
Now: $36.50
$37.01
50-Day Range
$33.30
MA: $36.24
$38.84
52-Week Range
$21.64
Now: $36.50
$55.65
Volume62,938 shs
Average Volume201,378 shs
Market Capitalization$617.32 million
P/E Ratio15.80
Dividend Yield1.32%
Beta1.64
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.
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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
Sub-IndustryN/A
Current SymbolNASDAQ:MGPI
CUSIPN/A
Phone913-367-1480

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$362.74 million
Cash Flow$3.03 per share
Book Value$13.57 per share

Profitability

Net Income$38.79 million

Miscellaneous

Employees332
Market Cap$617.32 million
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$36.50
+0.26 (+0.72 %)
(As of 08/11/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MGPI stock has increased by 30.5% and is now trading at $36.50.
View which stocks have been most impacted by Coronavirus
.

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) posted its quarterly earnings data on Thursday, July, 30th. The company reported $0.54 EPS for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.06. The firm earned $92.60 million during the quarter, compared to analysts' expectations of $93.42 million. MGP Ingredients had a net margin of 10.47% and a return on equity of 17.44%. MGP Ingredients's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share.
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 Thursday, July 30th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.12 per share on Friday, September 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, August 20th.
View MGP Ingredients' dividend history
.

What price target have analysts set for MGPI?

4 analysts have issued 12 month price objectives for MGP Ingredients' shares. Their forecasts range from $32.00 to $50.00. On average, they anticipate MGP Ingredients' stock price to reach $43.00 in the next year. This suggests a possible upside of 17.8% from the stock's current price.
View analysts' price targets for MGP Ingredients
.

Has MGP Ingredients been receiving favorable news coverage?

Press coverage about MGPI stock has trended neutral recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. MGP Ingredients earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about MGP Ingredients
.

Are investors shorting MGP Ingredients?

MGP Ingredients saw a drop in short interest in the month of January. As of January 31st, there was short interest totaling 3,090,000 shares, a drop of 14.2% from the January 15th total of 3,600,000 shares. Based on an average trading volume of 195,000 shares, the days-to-cover ratio is presently 15.8 days. Approximately 23.3% of the company's stock are sold short.
View MGP Ingredients' Short Interest
.

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), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Intel (INTC), JD.Com (JD), Exxon Mobil (XOM), Boeing (BA), Netflix (NFLX) and NVIDIA (NVDA).

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. (25.12%), Copeland Capital Management LLC (2.77%), Russell Investments Group Ltd. (1.58%), Kornitzer Capital Management Inc. KS (1.04%), Thompson Investment Management Inc. (0.79%) and Frontier Capital Management Co. LLC (0.75%). Company insiders that own MGP Ingredients stock include Augustus C Griffin, Brandon Gall, David Colo, David E Dykstra, 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 institutional investors are selling MGP Ingredients stock?

MGPI stock was sold by a variety of institutional investors in the last quarter, including Thompson Investment Management Inc., Comerica Bank, WINTON GROUP Ltd, Raymond James Financial Services Advisors Inc., Copeland Capital Management LLC, UBS Group AG, Principal Financial Group Inc., and Texas Permanent School Fund.
View insider buying and selling activity for MGP Ingredients
.

Which institutional investors are buying MGP Ingredients stock?

MGPI stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Frontier Capital Management Co. LLC, Kornitzer Capital Management Inc. KS, Duality Advisers LP, Aigen Investment Management LP, Brasada Capital Management LP, Exchange Traded Concepts LLC, and AdvisorShares Investments LLC. Company insiders that have bought MGP Ingredients stock in the last two years include 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 $36.50.

How big of a company is MGP Ingredients?

MGP Ingredients has a market capitalization of $617.32 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 8/11/2020 by MarketBeat.com Staff

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