NASDAQ:MGPI - MGP Ingredients Stock Price, News, & Analysis

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$74.56 -2.22 (-2.89 %)
(As of 03/19/2019 04:00 PM ET)
Previous Close$76.78
Today's Range$72.65 - $77.47
52-Week Range$53.66 - $100.00
Volume166,900 shs
Average Volume170,596 shs
Market Capitalization$1.26 billion
P/E Ratio34.36
Dividend Yield0.52%
Beta1.58
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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Industry, Sector and Symbol

Industry Beer, wine, & distilled alcoholic beverages
Sub-IndustryN/A
SectorConsumer Staples
Current SymbolNASDAQ:MGPI
CUSIPN/A
Phone913-367-1480

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$376.09 million
Cash Flow$2.7584 per share
Book Value$11.95 per share

Profitability

Net Income$37.28 million

Miscellaneous

EmployeesN/A
Market Cap$1.26 billion
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

MGP Ingredients (NASDAQ:MGPI) Frequently Asked Questions

What is MGP Ingredients' stock symbol?

MGP Ingredients trades on the NASDAQ under the ticker symbol "MGPI."

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

MGP Ingredients announced a quarterly dividend on Thursday, February 28th. Investors of record on Wednesday, March 13th will be paid a dividend of $0.10 per share on Friday, March 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, March 12th. This is an increase from MGP Ingredients's previous quarterly dividend of $0.08. View MGP Ingredients' Dividend History.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients Inc (NASDAQ:MGPI) posted its earnings results on Wednesday, February, 27th. The company reported $0.69 EPS for the quarter, topping the Zacks' consensus estimate of $0.56 by $0.13. The business earned $104.85 million during the quarter, compared to analysts' expectations of $99.77 million. MGP Ingredients had a return on equity of 19.68% and a net margin of 9.81%. MGP Ingredients's quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. View MGP Ingredients' Earnings History.

When is MGP Ingredients' next earnings date?

MGP Ingredients is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for MGP Ingredients.

What guidance has MGP Ingredients issued on next quarter's earnings?

MGP Ingredients updated its FY19 earnings guidance on Wednesday, February, 27th. The company provided earnings per share (EPS) guidance of $2.55-2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.45.

What price target have analysts set for MGPI?

1 brokers have issued twelve-month price objectives for MGP Ingredients' stock. Their predictions range from $90.00 to $90.00. On average, they expect MGP Ingredients' share price to reach $90.00 in the next year. This suggests a possible upside of 20.7% from the stock's current price. View Analyst Price Targets for MGP Ingredients.

What is the consensus analysts' recommendation for MGP Ingredients?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGP Ingredients.

Has MGP Ingredients been receiving favorable news coverage?

Media stories about MGPI stock have been trending somewhat negative this week, InfoTrie reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGP Ingredients earned a coverage optimism score of -1.8 on InfoTrie's scale. They also gave headlines about the company a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next several days.

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), Starbucks (SBUX), Constellation Brands (STZ), Boeing (BA), NVIDIA (NVDA), Range Resources (RRC), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Citigroup (C) and Netflix (NFLX).

Who are MGP Ingredients' key executives?

MGP Ingredients' management team includes the folowing 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)
  • Mr. Stephen J. Glaser, VP of Production & Engineering (Age 58)

Who are MGP Ingredients' major shareholders?

MGP Ingredients' stock is owned by a number of of retail and institutional investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (26.00%), BlackRock Inc. (11.19%), Conestoga Capital Advisors LLC (7.00%), Dimensional Fund Advisors LP (4.35%), Dimensional Fund Advisors LP (4.35%) and Pembroke Management LTD (1.97%). Company insiders that own MGP Ingredients stock include Anthony P Foglio, Augustus C Griffin, Daryl Schaller, David E Dykstra, David E Rindom, George W Page Jr, K Pigott Thomas, Karen Seaberg, Michael Rodger Buttshaw and Stephen J Glaser. 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 Thrivent Financial for Lutherans, Walthausen & Co. LLC, Raymond James Financial Services Advisors Inc., First Trust Advisors LP, Bank of New York Mellon Corp, Barclays PLC, California Public Employees Retirement System and Principal Financial Group Inc.. Company insiders that have sold MGP Ingredients company stock in the last year include David E Dykstra, David E Rindom, Karen Seaberg and Stephen J Glaser. View Insider Buying and Selling for MGP Ingredients.

Which institutional investors are buying MGP Ingredients stock?

MGPI stock was acquired by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Public Employees Retirement Association of Colorado, Bank of America Corp DE, Conestoga Capital Advisors LLC, Pembroke Management LTD, BlackRock Inc., SG Americas Securities LLC and Mairs & Power INC. Company insiders that have bought MGP Ingredients stock in the last two years include Anthony P Foglio, Augustus C Griffin, George W Page Jr, K Pigott Thomas, Michael Rodger Buttshaw and Stephen J Glaser. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is MGP Ingredients' stock price today?

One share of MGPI stock can currently be purchased for approximately $74.56.

How big of a company is MGP Ingredients?

MGP Ingredients has a market capitalization of $1.26 billion and generates $376.09 million in revenue each year. The company earns $37.28 million in net income (profit) each year or $2.17 on an earnings per share basis.

What is MGP Ingredients' official website?

The official website for MGP Ingredients is http://www.mgpingredients.com.

How can I contact MGP Ingredients?

MGP Ingredients' mailing address is 100 Commercial Street Box 130, ATCHISON KS, 66002. The company can be reached via phone at 913-367-1480 or via email at [email protected]


MarketBeat Community Rating for MGP Ingredients (NASDAQ MGPI)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  175 (Vote Outperform)
Underperform Votes:  184 (Vote Underperform)
Total Votes:  359
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.
This page was last updated on 3/19/2019 by MarketBeat.com Staff

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