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.
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Industry, Sector and Symbol
Industry Beer, wine, & distilled alcoholic beverages
Sub-IndustryN/A
SectorConsumer Staples
Phone913-367-1480
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$376.09 million
Profitability
Miscellaneous
Employees332
Next Earnings Date2/26/2020 (Confirmed)
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 declared a quarterly dividend on Tuesday, October 29th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.10 per share on Tuesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, November 13th. View MGP Ingredients' Dividend History.
How were MGP Ingredients' earnings last quarter?
MGP Ingredients Inc (NASDAQ:MGPI) released its quarterly earnings results on Thursday, October, 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by $0.16. The business earned $90.68 million during the quarter, compared to analysts' expectations of $99.49 million. MGP Ingredients had a return on equity of 17.78% and a net margin of 9.94%. MGP Ingredients's revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. View MGP Ingredients' Earnings History.
When is MGP Ingredients' next earnings date?
How can I listen to MGP Ingredients' earnings call?
MGP Ingredients will be holding an earnings conference call on Wednesday, February 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
What guidance has MGP Ingredients issued on next quarter's earnings?
MGP Ingredients issued an update on its FY 2019
Pre-Market earnings guidance on Friday, January, 17th. The company provided EPS guidance of 2.20-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.57. The company issued revenue guidance of $362-362 million, compared to the consensus revenue estimate of $391.17 million.
What price target have analysts set for MGPI?
2 equities research analysts have issued 1-year price objectives for MGP Ingredients' shares. Their forecasts range from $40.00 to $45.00. On average, they anticipate MGP Ingredients' stock price to reach $42.50 in the next twelve months. This suggests a possible upside of 26.3% from the stock's current price. View Analyst Price Targets for MGP Ingredients.
What is the consensus analysts' recommendation for MGP Ingredients?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MGP Ingredients.
Has MGP Ingredients been receiving favorable news coverage?
Press coverage about MGPI stock has been trending negative recently, InfoTrie reports. The research group scores the sentiment of media coverage by monitoring 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 closest to five being the most favorable. MGP Ingredients earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for MGP Ingredients.
Who are some of MGP Ingredients' key competitors?
Some companies that are related to MGP Ingredients include Tootsie Roll Industries (TR), Inter Parfums (IPAR), Embotelladora Andina SA ADR Series A (AKO.A), Cott (COT), National Beverage (FIZZ), Hillenbrand (HI), Vector Group (VGR), Edgewell Personal Care (EPC), Hostess Brands (TWNK), Fresh Del Monte Produce (FDP), Nu Skin Enterprises (NUS), Greencore Group (GNCGY), Meredith (MDP), DAIRY CREST GRP/ADR (DRCSY) and Calavo Growers (CVGW).
What other stocks do shareholders of MGP Ingredients own?
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)
- Dr. Clodualdo Maningat, Chief Science Officer and VP of Ingredients R&D (Age 64)
Who are MGP Ingredients' major shareholders?
MGP Ingredients' stock is owned by a number of of institutional and retail investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (25.67%), Champlain Investment Partners LLC (8.26%), Conestoga Capital Advisors LLC (7.07%), Standard Life Aberdeen plc (3.94%), Jennison Associates LLC (2.57%) and Bank of America Corp DE (2.49%). Company insiders that own MGP Ingredients stock include Anthony P Foglio, Augustus C Griffin, Brandon Gall, 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 Public Employees Retirement Association of Colorado, Marshall Wace North America L.P., Conestoga Capital Advisors LLC, AMI Asset Management Corp, Kornitzer Capital Management Inc. KS, Marshall Wace LLP, Arizona State Retirement System and Raymond James Financial Services Advisors Inc.. Company insiders that have sold MGP Ingredients company stock in the last year include David E Dykstra and Karen Seaberg. 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 Royce & Associates LP, Champlain Investment Partners LLC, Copeland Capital Management LLC, Jennison Associates LLC, Thompson Investment Management Inc., Standard Life Aberdeen plc, Bank of America Corp DE and Russell Investments Group Ltd.. Company insiders that have bought MGP Ingredients stock in the last two years include Anthony P Foglio, Augustus C Griffin, Brandon Gall, 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, Robinhood, Fidelity and Charles Schwab.
What is MGP Ingredients' stock price today?
One share of MGPI stock can currently be purchased for approximately $33.65.
How big of a company is MGP Ingredients?
MGP Ingredients has a market capitalization of $572.96 million 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. MGP Ingredients employs 332 workers across the globe.View Additional Information About MGP Ingredients.
What is MGP Ingredients' official website?
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.
