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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Beer, wine, & distilled alcoholic beverages
Sub-IndustryN/A
SectorConsumer Staples
SymbolNASDAQ:MGPI
CUSIPN/A
Phone913-367-1480
Debt
Debt-to-Equity Ratio0.18
Current Ratio4.31
Quick Ratio1.24
Price-To-Earnings
Trailing P/E Ratio49.16
Forward P/E Ratio43.78
P/E Growth2.92
Sales & Book Value
Annual Sales$347.45 million
Price / Sales4.46
Cash Flow$2.5451 per share
Price / Cash36.12
Book Value$10.09 per share
Price / Book9.11
Profitability
EPS (Most Recent Fiscal Year)$1.87
Net Income$41.82 million
Net Margins11.83%
Return on Equity18.46%
Return on Assets12.75%
Miscellaneous
Employees317
Outstanding Shares16,840,000
Market Cap$1,548.56
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 Wednesday, May 2nd. Shareholders of record on Wednesday, May 16th will be given a dividend of $0.08 per share on Friday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Tuesday, May 15th. View MGP Ingredients' Dividend History.
How were MGP Ingredients' earnings last quarter?
MGP Ingredients Inc (NASDAQ:MGPI) issued its quarterly earnings results on Wednesday, May, 2nd. The company reported $0.52 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.01. The firm earned $88 million during the quarter, compared to analysts' expectations of $92.80 million. MGP Ingredients had a net margin of 11.83% and a return on equity of 18.46%. MGP Ingredients's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. View MGP Ingredients' Earnings History.
What price target have analysts set for MGPI?
4 equities research analysts have issued 1 year price objectives for MGP Ingredients' shares. Their predictions range from $73.00 to $105.00. On average, they expect MGP Ingredients' share price to reach $89.00 in the next year. This suggests that the stock has a possible downside of 3.2%. View Analyst Ratings for MGP Ingredients.
What is the consensus analysts' recommendation for 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."
Who are some of MGP Ingredients' key competitors?
Some companies that are related to MGP Ingredients include Square Enix (SQNXF), San Miguel (SMGBY), Post (POST), 51job (JOBS), Glanbia (GLAPY), COCA COLA AMATI/ADR (CCLAY), BRF S.A. common stock (BRFS), National Beverage (FIZZ), Compania Cervecerias Unidas, S.A. Common Stock (CCU), MARINE HARVEST/S (MHGVY), Ollie's Bargain Outlet (OLLI), Pilgrim's Pride (PPC), Keurig Dr Pepper (KDP), Flowers Foods (FLO) and New York Times Co Class A (NYT).
Who are MGP Ingredients' key executives?
MGP Ingredients' management team includes the folowing people:
- Mr. Augustus C. Griffin, CEO, Pres & Director (Age 58)
- Mr. Thomas K. Pigott, VP of Fin. & CFO (Age 53)
- Mr. David E. Rindom, VP & Chief Admin. Officer (Age 63)
- Mr. David E. Dykstra, VP of Alcohol Sales & Marketing (Age 55)
- Mr. Stephen J. Glaser, VP of Production & Engineering (Age 57)
Has MGP Ingredients been receiving favorable news coverage?
Media stories about MGPI stock have been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MGP Ingredients earned a media sentiment score of 0.21 on Accern's scale. They also assigned news stories about the company an impact score of 46.12 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are MGP Ingredients' major shareholders?
MGP Ingredients' stock is owned by a number of of retail and institutional investors. Top institutional investors include Conestoga Capital Advisors LLC (4.38%), Louisiana State Employees Retirement System (0.03%) and Municipal Employees Retirement System of Michigan (0.02%). Company insiders that own MGP Ingredients stock include Augustus C Griffin, Daryl Schaller, David E Dykstra, David E Rindom, 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 Conestoga Capital Advisors LLC and Municipal Employees Retirement System of Michigan. Company insiders that have sold MGP Ingredients company stock in the last year include Daryl Schaller, David E Dykstra, David E Rindom, Karen Seaberg, Michael Rodger Buttshaw and Stephen J Glaser. View Insider Buying and Selling 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 Louisiana State Employees Retirement System. Company insiders that have bought MGP Ingredients stock in the last two years include Augustus C Griffin 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 $91.93.
How big of a company is MGP Ingredients?
MGP Ingredients has a market capitalization of $1.55 billion and generates $347.45 million in revenue each year. The company earns $41.82 million in net income (profit) each year or $1.87 on an earnings per share basis. MGP Ingredients employs 317 workers across the globe.
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]
MarketBeat Community Rating for MGP Ingredients (NASDAQ MGPI)
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.
