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NASDAQ:MGPI

MGP Ingredients - MGPI Stock Forecast, Price & News

$108.00
-1.03 (-0.94%)
(As of 08/8/2022 03:16 PM ET)
Add
Compare
Today's Range
$107.27
$110.85
50-Day Range
$90.67
$109.03
52-Week Range
$60.43
$109.28
Volume
5,875 shs
Average Volume
123,262 shs
Market Capitalization
$2.37 billion
P/E Ratio
20.30
Dividend Yield
0.44%
Price Target
$103.50

MGP Ingredients MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
3.9% Downside
$103.50 Price Target
Short Interest
Bearish
17.68% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.21
Upright™ Environmental Score
News Sentiment
0.33mentions of MGP Ingredients in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.12 M Sold Last Quarter
Proj. Earnings Growth
3.80%
From $4.74 to $4.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Consumer Staples Sector

115th out of 183 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

1st out of 1 stocks

MGPI stock logo

About MGP Ingredients (NASDAQ:MGPI) Stock

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; 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 Branded Spirits segment provides ultra-premium, premium, mid, and value branded distilled spirits. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch, and FiberRite RW Resistant 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, the United Kingdom, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.

MGP Ingredients Price Performance

NASDAQ:MGPI opened at $109.03 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 1.61. The stock's fifty day moving average price is $99.16 and its 200 day moving average price is $90.64. MGP Ingredients has a 1 year low of $60.43 and a 1 year high of $109.28. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 20.49 and a beta of 1.01.

MGP Ingredients (NASDAQ:MGPI - Get Rating) last released its earnings results on Thursday, August 4th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.27. MGP Ingredients had a return on equity of 16.09% and a net margin of 16.12%. The firm had revenue of $195.00 million for the quarter, compared to the consensus estimate of $173.06 million. During the same period in the prior year, the firm earned $1.27 EPS. The firm's revenue was up 11.5% on a year-over-year basis. As a group, equities research analysts forecast that MGP Ingredients will post 4.74 earnings per share for the current year.

MGP Ingredients Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 19th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Thursday, August 18th. MGP Ingredients's payout ratio is 9.02%.

Analysts Set New Price Targets

Separately, Roth Capital started coverage on MGP Ingredients in a report on Thursday, June 30th. They set a "buy" rating and a $115.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $103.50.

Insiders Place Their Bets

In other MGP Ingredients news, VP David E. Dykstra sold 1,571 shares of the stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $95.48, for a total transaction of $149,999.08. Following the sale, the vice president now directly owns 13,751 shares of the company's stock, valued at approximately $1,312,945.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MGP Ingredients news, Director Karen Seaberg sold 1,831 shares of the stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $95.52, for a total transaction of $174,897.12. Following the sale, the director now directly owns 62,143 shares of the company's stock, valued at approximately $5,935,899.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David E. Dykstra sold 1,571 shares of the stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $95.48, for a total value of $149,999.08. Following the sale, the vice president now directly owns 13,751 shares in the company, valued at $1,312,945.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,202 shares of company stock valued at $1,120,098. Company insiders own 36.70% of the company's stock.

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MGPI Stock News Headlines

MGP (MGPI) Q2 Earnings and Revenues Beat Estimates
Top Funds Buy Into Stock Distilling New Breakout
The Secret Ingredient: A Winning Strategy in 2022
MGP Ingredients Q1 2022 Earnings Preview
Luxco Introduces Alias Straight Rye Whiskey
See More Headlines
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MGPI Company Calendar

Ex-Dividend for 6/3 Dividend
5/19/2022
Dividend Payable
6/03/2022
Last Earnings
8/04/2022
Today
8/08/2022
Ex-Dividend for 9/2 Dividend
8/18/2022
Dividend Payable
9/02/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Beer, wine, & distilled alcoholic beverages
Sub-Industry
N/A
Current Symbol
NASDAQ:MGPI
Employees
672
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$103.50
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
-4.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$91.31 million
Pretax Margin
21.24%

Debt

Sales & Book Value

Annual Sales
$626.72 million
Cash Flow
$4.85 per share
Book Value
$29.33 per share

Miscellaneous

Free Float
13,922,000
Market Cap
$2.37 billion
Optionable
Optionable
Beta
1.02

Key Executives

  • Mr. David J. Colo (Age 59)
    Pres, CEO & Director
    Comp: $2.09M
  • Mr. Brandon M. Gall (Age 40)
    VP of Fin. & CFO
    Comp: $851.55k
  • Mr. David S. Bratcher (Age 54)
    COO & Pres of Branded Spirits
    Comp: $932.62k
  • Dr. Clodualdo Maningat (Age 67)
    Chief Science Officer and VP of Ingredients R&D
  • Mr. Amel Pasagic
    VP of Information Technology & Chief Information Officer
  • Mr. Greg Manis
    Corp. Director of Communications
  • Mr. Fletcher R. Buchman
    VP of Marketing
  • Erika L. Lapish
    VP of HR
  • Mr. Mark Davidson
    Corp. Controller













MGPI Stock - Frequently Asked Questions

Should I buy or sell MGP Ingredients stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGPI shares.
View MGPI analyst ratings
or view top-rated stocks.

What is MGP Ingredients' stock price forecast for 2022?

4 Wall Street research analysts have issued twelve-month price targets for MGP Ingredients' stock. Their MGPI stock forecasts range from $99.00 to $115.00. On average, they predict the company's stock price to reach $103.50 in the next twelve months. This suggests that the stock has a possible downside of 3.8%.
View analysts price targets for MGPI
or view top-rated stocks among Wall Street analysts.

How has MGP Ingredients' stock performed in 2022?

MGP Ingredients' stock was trading at $84.99 at the beginning of the year. Since then, MGPI stock has increased by 26.6% and is now trading at $107.62.
View the best growth stocks for 2022 here
.

When is MGP Ingredients' next earnings date?

MGP Ingredients is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MGPI earnings forecast
.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) issued its quarterly earnings data on Thursday, August, 4th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.27. The business earned $195 million during the quarter, compared to analysts' expectations of $173.06 million. MGP Ingredients had a net margin of 16.12% and a trailing twelve-month return on equity of 16.09%. MGP Ingredients's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.27 EPS.

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

MGP Ingredients declared a quarterly dividend on Thursday, August 4th. Investors of record on Friday, August 19th will be given a dividend of $0.12 per share on Friday, September 2nd. This represents a $0.48 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for MGPI
.

Is MGP Ingredients a good dividend stock?

MGP Ingredients (NASDAQ:MGPI) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.44%. The dividend payout ratio is 9.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 9.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGPI.

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

MGP Ingredients updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $4.41-$4.65 for the period, compared to the consensus earnings per share estimate of $4.47. The company issued revenue guidance of $745.00 million-$765.00 million, compared to the consensus revenue estimate of $716.65 million.

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

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

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), Walt Disney (DIS), JD.com (JD), Intel (INTC), NVIDIA (NVDA), Tencent (TCEHY), Exxon Mobil (XOM), Aimmune Therapeutics (AIMT), Apple Hospitality REIT (APLE) and 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 shareholders include Stephens Investment Management Group LLC (4.67%), Victory Capital Management Inc. (1.37%), Ziegler Capital Management LLC (0.71%), Leeward Investments LLC MA (0.51%), Allspring Global Investments Holdings LLC (0.26%) and Confluence Investment Management LLC (0.24%). Insiders that own company stock include Augustus C Griffin, Brandon Gall, David Colo, David E Dykstra, Donn S Lux, James L Bareuther, Karen Seaberg, Lori LS Mingus, Michael Rodger Buttshaw, Michele Lux, Stephen J Glaser, Stephen J Glaser and Terrence P Dunn.
View institutional ownership trends
.

How do I buy shares of MGP Ingredients?

Shares of MGPI stock 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 $107.62.

How much money does MGP Ingredients make?

MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.37 billion and generates $626.72 million in revenue each year. The company earns $91.31 million in net income (profit) each year or $5.32 on an earnings per share basis.

How many employees does MGP Ingredients have?

MGP Ingredients employs 672 workers across the globe.

How can I contact MGP Ingredients?

MGP Ingredients' mailing address is 100 Commercial Street, ATCHISON KS, 66002. The official website for the company is www.mgpingredients.com. The company can be reached via phone at (913) 367-1480, via email at investor.relations@mgpingredients.com, or via fax at 913-367-0192.

This page (NASDAQ:MGPI) was last updated on 8/8/2022 by MarketBeat.com Staff

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