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NASDAQ:MGPI

MGP Ingredients Stock Forecast, Price & News

$41.63
-0.36 (-0.86 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$41.00
Now: $41.63
$42.64
50-Day Range
$37.47
MA: $39.99
$42.15
52-Week Range
$21.64
Now: $41.63
$53.33
Volume92,642 shs
Average Volume177,073 shs
Market Capitalization$704.09 million
P/E Ratio18.02
Dividend Yield1.14%
Beta1.61
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.64 out of 5 stars

Industry, Sector and Symbol

Industry Beer, wine, & distilled alcoholic beverages
Sub-IndustryN/A
Current SymbolNASDAQ:MGPI
CUSIPN/A
Phone913-367-1480
Employees332

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$362.74 million
Cash Flow$2.97 per share
Book Value$13.57 per share

Profitability

Net Income$38.79 million

Miscellaneous

Market Cap$704.09 million
Next Earnings Date10/29/2020 (Confirmed)
OptionableOptionable
$41.63
-0.36 (-0.86 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGP Ingredients (NASDAQ:MGPI) Frequently Asked Questions

How has MGP Ingredients' stock 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 48.8% and is now trading at $41.63.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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."
View analyst ratings for MGP Ingredients
.

When is MGP Ingredients' next earnings date?

MGP Ingredients is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for MGP Ingredients
.

How can I listen to MGP Ingredients' earnings call?

MGP Ingredients will be holding an earnings conference call on Thursday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients Inc (NASDAQ:MGPI) released its quarterly earnings data on Thursday, July, 30th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. The firm had revenue of $92.60 million for the quarter, compared to analyst estimates of $93.42 million. MGP Ingredients had a return on equity of 17.44% and a net margin of 10.47%. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share.
View MGP Ingredients' earnings history
.

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

MGP Ingredients announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.12 per share on Friday, September 4th. This represents a $0.48 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, August 20th.
View MGP Ingredients' dividend history
.

What price target have analysts set for MGPI?

4 equities research analysts have issued twelve-month price targets for MGP Ingredients' stock. Their forecasts range from $32.00 to $50.00. On average, they expect MGP Ingredients' stock price to reach $43.00 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price.
View analysts' price targets for MGP Ingredients
.

Are investors shorting MGP Ingredients?

MGP Ingredients saw a drop in short interest in September. As of September 30th, there was short interest totaling 2,200,000 shares, a drop of 15.4% from the September 15th total of 2,600,000 shares. Based on an average daily trading volume, of 107,100 shares, the short-interest ratio is currently 20.5 days. Currently, 16.7% of the company's stock are short sold.
View MGP Ingredients' Short Interest
.

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 HOLDING/ADR (TCEHY), Exxon Mobil (XOM), Aimmune Therapeutics (AIMT), Apple Hospitality REIT (APLE) and The Boeing (BA).

Who are MGP Ingredients' key executives?

MGP Ingredients' management team includes the following 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)

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 retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (2.71%), Copper Rock Capital Partners LLC (1.34%), Thompson Investment Management Inc. (0.75%), LSV Asset Management (0.49%), Envestnet Asset Management Inc. (0.35%) and Louisiana State Employees Retirement System (0.04%). Company insiders that own MGP Ingredients stock include Augustus C Griffin, Brandon Gall, David Colo, David E Dykstra, K Pigott Thomas, Karen Seaberg, 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, and Thompson Investment Management Inc..
View insider buying and selling activity for MGP Ingredients
.

Which institutional investors are buying MGP Ingredients stock?

MGPI stock was purchased by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, LSV Asset Management, Louisiana State Employees Retirement System, and Envestnet Asset Management Inc.. Company insiders that have bought MGP Ingredients stock in the last two years include Augustus C Griffin, Brandon Gall, David Colo, K Pigott Thomas, Michael Rodger Buttshaw, Stephen J Glaser, and Terrence P Dunn.
View insider buying and selling activity 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 $41.63.

How big of a company is MGP Ingredients?

MGP Ingredients has a market capitalization of $704.09 million 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. MGP Ingredients employs 332 workers across the globe.

What is MGP Ingredients' official website?

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

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 10/24/2020 by MarketBeat.com Staff

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