S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
India launches 5G services, Modi calls it step in new era
Market Wizard Reveals: The One Ticker Retirement Plan (Ad)
UK train strikes and energy hikes add to a week of turmoil
NIH to fund unproven ALS drugs under patient-backed law
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
India launches 5G services, Modi calls it step in new era
Market Wizard Reveals: The One Ticker Retirement Plan (Ad)
UK train strikes and energy hikes add to a week of turmoil
NIH to fund unproven ALS drugs under patient-backed law
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
India launches 5G services, Modi calls it step in new era
Market Wizard Reveals: The One Ticker Retirement Plan (Ad)
UK train strikes and energy hikes add to a week of turmoil
NIH to fund unproven ALS drugs under patient-backed law
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
India launches 5G services, Modi calls it step in new era
Market Wizard Reveals: The One Ticker Retirement Plan (Ad)
UK train strikes and energy hikes add to a week of turmoil
NIH to fund unproven ALS drugs under patient-backed law
NASDAQ:MGPI

MGP Ingredients - MGPI Stock Forecast, Price & News

$106.16
+2.17 (+2.09%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$103.80
$107.70
50-Day Range
$100.85
$115.92
52-Week Range
$62.60
$117.01
Volume
183,290 shs
Average Volume
183,692 shs
Market Capitalization
$2.33 billion
P/E Ratio
19.95
Dividend Yield
0.46%
Price Target
$108.00

MGP Ingredients MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
1.7% Upside
$108.00 Price Target
Short Interest
Bearish
14.48% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.21
Upright™ Environmental Score
News Sentiment
1.05mentions of MGP Ingredients in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$713,555 Sold Last Quarter
Proj. Earnings Growth
7.26%
From $4.68 to $5.02 Per Share

Overall MarketRank

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

2.13 out of 5 stars

Consumer Staples Sector

73rd out of 146 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

1st out of 1 stocks

MGPI stock logo

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.

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.

MGPI Stock News Headlines

MGP Names Curtis Landherr Chief Legal Officer
MGP Ingredients (NASDAQ: MGPI)
12 Best Liquor Stocks to Buy Now
Shares of MGPI Up 32.1% Since Uptrend Call on Shares
MGP (MGPI) Q2 Earnings and Revenues Beat Estimates
Top Funds Buy Into Stock Distilling New Breakout
See More Headlines
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.

MGPI Company Calendar

Last Earnings
8/04/2022
Ex-Dividend for 9/2 Dividend
8/18/2022
Dividend Payable
9/02/2022
Today
10/01/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$108.00
High Stock Price Forecast
$126.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
+1.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$91.31 million
Pretax Margin
21.24%

Debt

Sales & Book Value

Annual Sales
$626.72 million
Cash Flow
$4.99 per share
Book Value
$29.33 per share

Miscellaneous

Free Float
13,922,000
Market Cap
$2.33 billion
Optionable
Optionable
Beta
0.99

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. Greg Manis
    Corp. Director of Communications
  • Mr. Fletcher R. Buchman
    VP of Marketing
  • Erika L. Lapish
    VP of HR
  • Mr. Mark Davidson
    Corp. Controller













MGPI Stock - Frequently Asked Questions

Should I buy or sell MGP Ingredients stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street 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 2022?

5 analysts have issued 12 month price targets for MGP Ingredients' stock. Their MGPI share price forecasts range from $99.00 to $126.00. On average, they expect the company's share price to reach $108.00 in the next year. This suggests a possible upside of 1.7% 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 2022?

MGP Ingredients' stock was trading at $84.99 on January 1st, 2022. Since then, MGPI stock has increased by 24.9% and is now trading at $106.16.
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 Wednesday, November 2nd 2022.
View our MGPI earnings forecast
.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) announced its quarterly earnings results on Thursday, August, 4th. The company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.27. The company earned $195 million during the quarter, compared to analysts' expectations of $173.06 million. MGP Ingredients had a net margin of 16.12% and a trailing twelve-month return on equity of 16.09%. The company's revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 EPS.

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

MGP Ingredients announced a quarterly dividend on Thursday, August 4th. Shareholders of record on Friday, August 19th will be paid a dividend of $0.12 per share on Friday, September 2nd. This represents a $0.48 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Thursday, August 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 0.46%. The dividend payout ratio is 9.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 9.56% 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 2022 earnings guidance on Thursday, August, 25th. The company provided EPS guidance of $4.41-$4.65 for the period, compared to the consensus earnings per share estimate of $4.47. The company issued revenue guidance of $745.00 million-$765.00 million, compared to the consensus revenue estimate of $716.65 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 $106.16.

How much money does MGP Ingredients make?

MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.33 billion and generates $626.72 million in revenue each year. The company earns $91.31 million in net income (profit) each year or $5.32 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 10/2/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.