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NASDAQ:MGPI

MGP Ingredients Stock Forecast, Price & News

$61.98
-0.06 (-0.10 %)
(As of 05/12/2021 12:00 AM ET)
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Today's Range
$61.48
$64.55
50-Day Range
$59.15
$64.92
52-Week Range
$32.78
$71.95
Volume128,308 shs
Average Volume124,146 shs
Market Capitalization$1.36 billion
P/E Ratio25.40
Dividend Yield0.77%
Beta1.58
30 days | 90 days | 365 days | Advanced Chart
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MGP Ingredients logo

About MGP Ingredients

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates through 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 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 Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym Resistant Starch, FiberRite RW Resistant Starch, Pregel Instant Starch, and Midsol Cook-up 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, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.

Headlines

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Industry, Sector and Symbol

Industry Beer, wine, & distilled alcoholic beverages
Sub-IndustryN/A
Current SymbolNASDAQ:MGPI
CUSIPN/A
Phone(913) 367-1480
Employees360
Year FoundedN/A

Sales & Book Value

Annual Sales$362.74 million
Cash Flow$3.58 per share
Book Value$13.57 per share

Profitability

Net Income$38.79 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$1.36 billion
Next Earnings Date7/29/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.74 out of 5 stars

Consumer Staples Sector

53rd out of 301 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

2nd out of 4 stocks

Analyst Opinion: 1.2Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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MGP Ingredients (NASDAQ:MGPI) Frequently Asked Questions

Is MGP Ingredients a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 2 hold ratings and 1 buy rating 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MGP Ingredients wasn't one of them. MarketBeat thinks these five stocks 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, July 29th 2021.
View our earnings forecast for MGP Ingredients
.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) released its quarterly earnings results on Wednesday, May, 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.48. The firm had revenue of $108.32 million for the quarter, compared to the consensus estimate of $97.77 million. MGP Ingredients had a trailing twelve-month return on equity of 17.78% and a net margin of 10.71%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS.
View MGP Ingredients' earnings history
.

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

MGP Ingredients' stock was trading at $27.97 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGPI shares have increased by 121.6% and is now trading at $61.98.
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 announced a quarterly dividend on Wednesday, May 5th. Stockholders of record on Friday, May 21st will be given a dividend of $0.12 per share on Friday, June 4th. This represents a $0.48 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 20th.
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 0.77%. MGP Ingredients does not yet have a strock track record of dividend growth. The dividend payout ratio of MGP Ingredients is 21.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGP Ingredients will have a dividend payout ratio of 17.45% 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 issued an update on its FY 2021 earnings guidance on Wednesday, May, 12th. The company provided earnings per share guidance of 2.050-2.150 for the period, compared to the Thomson Reuters consensus estimate of $2.660. The company issued revenue guidance of $395.50 million-$403.41 million, compared to the consensus revenue estimate of $398.23 million.

What price target have analysts set for MGPI?

3 Wall Street analysts have issued 12 month price targets for MGP Ingredients' stock. Their forecasts range from $45.00 to $65.00. On average, they anticipate MGP Ingredients' stock price to reach $55.00 in the next year. This suggests that the stock has a possible downside of 11.3%.
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:
  • Mr. David J. Colo, CEO, Pres & Director (Age 58, Pay $1.65M)
  • Mr. Brandon M. Gall, VP of Fin. & CFO (Age 39, Pay $725.66k)
  • Mr. David E. Rindom, VP & Chief Admin. Officer (Age 66, Pay $914.69k)
  • Dr. Clodualdo Maningat, Chief Science Officer and VP of Ingredients R&D (Age 66)
  • Mr. Thomas J. Lynn, VP, Gen. Counsel & Corp. Sec.
  • Mr. Greg Manis, Corp. Director of Communications
  • Mr. Michael J. Lasater, VP of Sales and Marketing (Age 53)
  • Mr. David S. Bratcher, Pres of Branded Spirits
  • Mr. Mark Davidson, Corp. Controller

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.45%), Copeland Capital Management LLC (2.79%), Royce & Associates LP (1.29%), Geode Capital Management LLC (1.04%), Northern Trust Corp (0.81%) and Kornitzer Capital Management Inc. KS (0.68%). Company insiders that own MGP Ingredients stock include Augustus C Griffin, Brandon Gall, David Colo, Karen Seaberg, Lori LS Mingus, Michael Rodger Buttshaw, Stephen J Glaser and Terrence P Dunn.
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 Copeland Capital Management LLC, LSV Asset Management, Kornitzer Capital Management Inc. KS, Northern Trust Corp, Russell Investments Group Ltd., Prudential Financial Inc., Mariner LLC, and Acuitas Investments LLC. Company insiders that have sold MGP Ingredients company stock in the last year include 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 institutional investors are buying MGP Ingredients stock?

MGPI stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Ziegler Capital Management LLC, Royce & Associates LP, Geode Capital Management LLC, JPMorgan Chase & Co., Commonwealth Equity Services LLC, Advisors Asset Management Inc., and UBS Group AG. 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 $61.98.

How much money does MGP Ingredients make?

MGP Ingredients has a market capitalization of $1.36 billion and generates $362.74 million in revenue each year. The company earns $38.79 million in net income (profit) each year or $2.27 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 5/13/2021 by MarketBeat.com Staff
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