MGP Ingredients Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last twelve months. 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.
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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.
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MGP Ingredients is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for MGP Ingredients.

MGP Ingredients, Inc. (NASDAQ:MGPI) announced its quarterly earnings data on Wednesday, August, 4th. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters' 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.

MGP Ingredients' stock was trading at $27.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MGPI shares have increased by 125.9% and is now trading at $63.19.
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MGP Ingredients declared a quarterly dividend on Wednesday, August 4th. Shareholders of record on Friday, August 20th will be paid a dividend of $0.12 per share on Friday, September 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, August 19th.
View MGP Ingredients' dividend history.

MGP Ingredients pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.76%. 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.

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.

2 Wall Street analysts have issued 1-year price objectives for MGP Ingredients' shares. Their forecasts range from $55.00 to $65.00. On average, they expect MGP Ingredients' stock price to reach $60.00 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
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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.

Some companies that are related to MGP Ingredients include Helen of Troy (HELE), San Miguel (SMGBY), Glanbia (GLAPY), Lion (LIOPF), Flowers Foods (FLO), National Beverage (FIZZ), 51job (JOBS), Nomad Foods (NOMD), Dairy Farm International (DFIHY), Lancaster Colony (LANC), Seaboard (SEB), POLA Orbis (PORBF), Tate & Lyle (TATYY), Ollie's Bargain Outlet (OLLI) and Sanderson Farms (SAFM).
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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).

MGP Ingredients trades on the NASDAQ under the ticker symbol "MGPI."

MGP Ingredients' stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.

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.
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MGPI stock was bought 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.

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.
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One share of MGPI stock can currently be purchased for approximately $63.19.

MGP Ingredients has a market capitalization of $1.39 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.

MGP Ingredients employs 360 workers across the globe.

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

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

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].