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NASDAQ:MGPI

MGP Ingredients - MGPI Stock Forecast, Price & News

$117.33
-5.67 (-4.61%)
(As of 12/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$115.39
$121.78
50-Day Range
$95.97
$125.50
52-Week Range
$73.02
$125.74
Volume
138,269 shs
Average Volume
136,924 shs
Market Capitalization
$2.58 billion
P/E Ratio
22.14
Dividend Yield
0.39%
Price Target
$121.40

MGP Ingredients MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
3.5% Upside
$121.40 Price Target
Short Interest
Bearish
17.67% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.21
Upright™ Environmental Score
News Sentiment
0.00mentions of MGP Ingredients in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$723,794 Sold Last Quarter
Proj. Earnings Growth
6.29%
From $4.77 to $5.07 Per Share

Overall MarketRank

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

1.74 out of 5 stars

Consumer Staples Sector

117th out of 143 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.

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MGPI Stock News Headlines

Brokerages Set MGP Ingredients, Inc. (NASDAQ:MGPI) PT at $117.83
MGP Ingredients: Can The Party Last?
Recap: MGP Ingredients Q3 Earnings
MGP Ingredients Reports Strong Third Quarter 2022 Results
MGP (MGPI) Tops Q3 Earnings and Revenue Estimates
See More Headlines
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MGPI Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 12/2 Dividend
11/17/2022
Dividend Payable
12/02/2022
Today
12/05/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

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
$121.40
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
+3.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$91.31 million
Pretax Margin
20.53%

Debt

Sales & Book Value

Annual Sales
$626.72 million
Cash Flow
$4.67 per share
Book Value
$29.33 per share

Miscellaneous

Free Float
13,922,000
Market Cap
$2.58 billion
Optionable
Optionable
Beta
0.94

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. Curtis Landherr
    Chief Legal 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 equities 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 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?

5 Wall Street analysts have issued 12 month price targets for MGP Ingredients' stock. Their MGPI share price forecasts range from $99.00 to $140.00. On average, they predict the company's share price to reach $121.40 in the next year. This suggests a possible upside of 3.5% 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 at the beginning of the year. Since then, MGPI stock has increased by 38.1% and is now trading at $117.33.
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 Thursday, February 23rd 2023.
View our MGPI earnings forecast
.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) announced its quarterly earnings results on Wednesday, November, 3rd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.69. The firm earned $176.61 million during the quarter, compared to analysts' expectations of $148.10 million. MGP Ingredients had a net margin of 15.57% and a trailing twelve-month return on equity of 15.39%. During the same period in the prior year, the company earned $0.61 EPS.

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

MGP Ingredients declared a quarterly dividend on Thursday, November 3rd. Stockholders of record on Friday, November 18th will be paid a dividend of $0.12 per share on Friday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, November 17th.
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 0.39%. The dividend payout ratio is 9.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 9.47% 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 updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $4.62-$4.80 for the period, compared to the consensus estimate of $4.67. The company issued revenue guidance of $765.00 million-$780.00 million, compared to the consensus revenue estimate of $760.72 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 shareholders include Raymond James Financial Services Advisors Inc. (16.82%), BlackRock Inc. (10.89%), Vanguard Group Inc. (4.97%), Stephens Investment Management Group LLC (3.76%), Dimensional Fund Advisors LP (2.95%) and State Street Corp (2.24%). Insiders that own company stock include Augustus C Griffin, Brandon Gall, David Colo, 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 $117.33.

How much money does MGP Ingredients make?

MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.58 billion and generates $626.72 million in revenue each year. The company earns $91.31 million in net income (profit) each year or $5.30 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 12/5/2022 by MarketBeat.com Staff