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NASDAQ:MGPIMGP Ingredients Stock Price, Forecast & News

$39.57
+1.40 (+3.67 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$38.91
Now: $39.57
$40.28
50-Day Range
$34.16
MA: $36.66
$40.99
52-Week Range
$21.64
Now: $39.57
$69.90
Volume111,490 shs
Average Volume121,516 shs
Market Capitalization$668.73 million
P/E Ratio17.43
Dividend Yield1.26%
Beta1.68
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: 1.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.86 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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$362.74 million
Cash Flow$3.05 per share
Book Value$13.57 per share

Profitability

Net Income$38.79 million

Miscellaneous

Employees332
Market Cap$668.73 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGPI stock has increased by 41.5% and is now trading at $39.57. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MGP Ingredients?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 1 hold rating and 2 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 Wednesday, July 29th 2020. 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 Thursday, April, 30th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.26. The firm had revenue of $99.10 million for the quarter, compared to analyst estimates of $87.77 million. MGP Ingredients had a net margin of 10.37% and a return on equity of 17.47%. MGP Ingredients's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 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 Friday, May 1st. Investors of record on Friday, May 22nd will be paid a dividend of $0.12 per share on Friday, June 5th. This represents a $0.48 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, May 21st. View MGP Ingredients' dividend history.

What price target have analysts set for MGPI?

3 equities research analysts have issued 12-month target prices for MGP Ingredients' shares. Their forecasts range from $32.00 to $50.00. On average, they expect MGP Ingredients' share price to reach $42.33 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View analysts' price targets for MGP Ingredients.

Has MGP Ingredients been receiving favorable news coverage?

Press coverage about MGPI stock has been trending somewhat negative on Saturday, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MGP Ingredients earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutMGP Ingredients.

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), Exxon Mobil (XOM), Walt Disney (DIS), Netflix (NFLX), NVIDIA (NVDA), Verizon Communications (VZ), Advanced Micro Devices (AMD), Intel (INTC), JD.Com (JD) and Occidental Petroleum (OXY).

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 many different institutional and retail investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (24.93%), BlackRock Inc. (11.49%), Champlain Investment Partners LLC (8.19%), Conestoga Capital Advisors LLC (3.13%), Copeland Capital Management LLC (2.78%) and Morgan Stanley (2.72%). Company insiders that own MGP Ingredients stock include Anthony P Foglio, Augustus C Griffin, Brandon Gall, David Colo, David E Dykstra, George W Page Jr, 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 Conestoga Capital Advisors LLC, Raymond James Financial Services Advisors Inc., Kornitzer Capital Management Inc. KS, Wells Fargo & Company MN, BlackRock Inc., WINTON GROUP Ltd, Champlain Investment Partners LLC, and Comerica Bank. 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 Copeland Capital Management LLC, Morgan Stanley, Morgan Stanley, Federated Hermes Inc., Thompson Investment Management Inc., Matarin Capital Management LLC, Guggenheim Capital LLC, and State Street Corp. Company insiders that have bought MGP Ingredients stock in the last two years include Anthony P Foglio, Augustus C Griffin, Brandon Gall, David Colo, George W Page Jr, 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 $39.57.

How big of a company is MGP Ingredients?

MGP Ingredients has a market capitalization of $668.73 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 6/6/2020 by MarketBeat.com Staff

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