NASDAQ:MGPI

MGP Ingredients Stock Forecast, Price & News

$62.66
-0.36 (-0.57 %)
(As of 09/16/2021 12:00 AM ET)
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Today's Range
$62.30
$63.97
50-Day Range
$58.91
$68.84
52-Week Range
$37.12
$76.68
Volume54,910 shs
Average Volume111,200 shs
Market Capitalization$1.38 billion
P/E Ratio20.15
Dividend Yield0.76%
Beta1.45
30 days | 90 days | 365 days | Advanced Chart
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MGP Ingredients logo

About MGP Ingredients

MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein and starch food ingredients. It operates through the following segments: Distillery Products and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. It also includes warehouse services, including barrel put away, barrel storage and barrel retrieval services. The Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company was founded by Cloud L. Cray in 1941 and is headquartered in Atchison, KS.

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MarketRank

Overall MarketRank

2.34 out of 5 stars

Consumer Staples Sector

54th out of 179 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

1st out of 1 stocks

Analyst Opinion: 1.0Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 4.2Valuation: 0.6 5 -4 -3 -2 -1 -
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MGP Ingredients (NASDAQ:MGPI) Frequently Asked Questions

Is MGP Ingredients a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MGP Ingredients stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGPI, but not buy additional shares or sell existing shares.
View analyst ratings for MGP Ingredients
or view top-rated stocks.

What stocks does MarketBeat like better than MGP Ingredients?

Wall Street analysts have given MGP Ingredients a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MGP Ingredients wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is MGP Ingredients' next earnings date?

MGP Ingredients is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for MGP Ingredients
.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) announced its earnings results on Wednesday, August, 4th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $0.43 by $0.84. MGP Ingredients had a trailing twelve-month return on equity of 19.64% and a net margin of 11.74%.
View MGP Ingredients' earnings history
.

How has MGP Ingredients' stock price been impacted by COVID-19 (Coronavirus)?

MGP Ingredients' stock was trading at $27.97 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MGPI shares have increased by 124.0% and is now trading at $62.66.
View which stocks have been most impacted by COVID-19
.

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

MGP Ingredients declared a quarterly dividend on Wednesday, August 4th. Investors of record on Friday, August 20th will be given a dividend of $0.12 per share on Friday, September 3rd. This represents a $0.48 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, August 19th.
View MGP Ingredients' dividend history
.

Is MGP Ingredients a good dividend stock?

MGP Ingredients pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.76%. MGP Ingredients does not yet have a strong track record of dividend growth. The dividend payout ratio of MGP Ingredients is 19.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGP Ingredients will have a dividend payout ratio of 16.16% next year. This indicates that MGP Ingredients will be able to sustain or increase its dividend.
View MGP Ingredients' dividend history.

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

MGP Ingredients updated its FY 2021 earnings guidance on Wednesday, August, 25th. The company provided earnings per share (EPS) guidance of $2.900-$3.000 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.890. The company issued revenue guidance of $570 million-$580 million, compared to the consensus revenue estimate of $559.79 million.

What price target have analysts set for MGPI?

2 Wall Street analysts have issued 12-month price objectives for MGP Ingredients' shares. Their forecasts range from $55.00 to $65.00. On average, they anticipate MGP Ingredients' share price to reach $60.00 in the next year. This suggests that the stock has a possible downside of 4.2%.
View analysts' price targets for MGP Ingredients
or view top-rated stocks among Wall Street analysts.

Who are MGP Ingredients' key executives?

MGP Ingredients' management team includes the following people:
  • David J. Colo, President, Chief Executive Officer & Director
  • David Bratcher, Chief Operating Officer
  • Brandon M. Gall, Chief Financial Officer & Vice President-Finance
  • Ody Maningat, Chief Science Officer & VP-Ingredients Research
  • Jeffrey Ruger, Vice President-Information Technology

What is Gus Griffin's approval rating as MGP Ingredients' CEO?

1 employees have rated MGP Ingredients CEO Gus Griffin on Glassdoor.com. Gus Griffin has an approval rating of 100% among MGP Ingredients' employees. This puts Gus Griffin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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), The Walt Disney (DIS), JD.com (JD), Intel (INTC), NVIDIA (NVDA), Tencent (TCEHY), Exxon Mobil (XOM), Aimmune Therapeutics (AIMT), Apple Hospitality REIT (APLE) and The 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 investors include BlackRock Inc. (10.17%), Champlain Investment Partners LLC (6.57%), Vanguard Group Inc. (4.24%), Stephens Investment Management Group LLC (3.92%), Dimensional Fund Advisors LP (3.00%) and Copeland Capital Management LLC (2.19%). Company insiders that own MGP Ingredients stock include Augustus C Griffin, Brandon Gall, David Colo, James L Bareuther, Karen Seaberg, Lori LS Mingus, Michael Rodger Buttshaw, Stephen J Glaser and Terrence P Dunn.
View institutional ownership trends for MGP Ingredients
.

Which major investors are selling MGP Ingredients stock?

MGPI stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., FMR LLC, Ziegler Capital Management LLC, Frontier Wealth Management LLC, Bank of America Corp DE, Dimensional Fund Advisors LP, Champlain Investment Partners LLC, and Royal Bank of Canada. Company insiders that have sold MGP Ingredients company stock in the last year include James L Bareuther, Karen Seaberg, Lori LS Mingus, Michael Rodger Buttshaw, Stephen J Glaser, and Terrence P Dunn.
View insider buying and selling activity for MGP Ingredients
or view top insider-selling stocks.

Which major investors are buying MGP Ingredients stock?

MGPI stock was acquired by a variety of institutional investors in the last quarter, including Stephens Investment Management Group LLC, Southernsun Asset Management LLC, BlackRock Inc., Nuveen Asset Management LLC, Amundi, AXA S.A., American Century Companies Inc., and Millennium Management LLC. Company insiders that have bought MGP Ingredients stock in the last two years include Augustus C Griffin, Brandon Gall, David Colo, Michael Rodger Buttshaw, Stephen J Glaser, and Terrence P Dunn.
View insider buying and selling activity for MGP Ingredients
or or view top insider-buying stocks.

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 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 $62.66.

How much money does MGP Ingredients make?

MGP Ingredients has a market capitalization of $1.38 billion and generates $395.52 million in revenue each year. The company earns $40.35 million in net income (profit) each year or $2.51 on an earnings per share basis.

How many employees does MGP Ingredients have?

MGP Ingredients employs 360 workers across the globe.

What is MGP Ingredients' official website?

The official website for MGP Ingredients is www.mgpingredients.com.

Where are MGP Ingredients' headquarters?

MGP Ingredients is headquartered at 100 Commercial Street, ATCHISON KS, 66002.

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]


This page was last updated on 9/16/2021 by MarketBeat.com Staff
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