NASDAQ:MGPI - MGP Ingredients Stock Price, Forecast & News

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

MGP Ingredients declared a quarterly dividend on Tuesday, October 29th. Investors of record on Thursday, November 14th will be given a dividend of $0.10 per share on Tuesday, November 26th. This represents a $0.40 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, November 13th. View MGP Ingredients' Dividend History.

MGP Ingredients Inc (NASDAQ:MGPI) announced its quarterly earnings data on Thursday, October, 31st. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.64 by $0.16. The firm earned $90.68 million during the quarter, compared to analyst estimates of $99.49 million. MGP Ingredients had a return on equity of 17.78% and a net margin of 9.94%. The firm's quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. View MGP Ingredients' Earnings History.

MGP Ingredients is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for MGP Ingredients.

MGP Ingredients issued an update on its FY 2019 Pre-Market earnings guidance on Friday, January, 17th. The company provided earnings per share guidance of 2.20-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.57. The company issued revenue guidance of $362-362 million, compared to the consensus revenue estimate of $391.17 million.

2 brokerages have issued 12-month price objectives for MGP Ingredients' stock. Their forecasts range from $40.00 to $55.00. On average, they anticipate MGP Ingredients' share price to reach $47.50 in the next year. This suggests a possible upside of 23.9% from the stock's current price. View Analyst Price Targets for MGP Ingredients.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MGP Ingredients.

Headlines about MGPI stock have trended very negative on Thursday, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGP Ingredients earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for MGP Ingredients.

Some companies that are related to MGP Ingredients include Industrias Bachoco (IBA), Avon Products (AVP), Simply Good Foods (SMPL), Freshpet (FRPT), Nu Skin Enterprises (NUS), Embotelladora Andina SA ADR Series A (AKO.A), Inter Parfums (IPAR), Tootsie Roll Industries (TR), National Beverage (FIZZ), Hillenbrand (HI), Vector Group (VGR), Cott (COT), Hostess Brands (TWNK), Fresh Del Monte Produce (FDP) and Edgewell Personal Care (EPC).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGP Ingredients investors own include Alibaba Group (BABA), Baozun (BZUN), NVIDIA (NVDA), Marvell Technology Group (MRVL), Netflix (NFLX), Canopy Growth (CGC), Constellation Brands (STZ), Adobe (ADBE), Baidu (BIDU) and DexCom (DXCM).

MGP Ingredients' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Tealwood Asset Management Inc. (0.21%), Diversified Trust Co (0.04%), Louisiana State Employees Retirement System (0.03%), AdvisorShares Investments LLC (0.03%), Nisa Investment Advisors LLC (0.01%) and FNY Investment Advisers LLC (0.01%). Company insiders that own MGP Ingredients stock include Anthony P Foglio, Augustus C Griffin, Brandon Gall, Daryl Schaller, David E Dykstra, David E Rindom, George W Page Jr, K Pigott Thomas, Karen Seaberg, Michael Rodger Buttshaw and Stephen J Glaser. View Institutional Ownership Trends for MGP Ingredients.

MGPI stock was sold by a variety of institutional investors in the last quarter, including Tealwood Asset Management Inc. and Louisiana State Employees Retirement System. Company insiders that have sold MGP Ingredients company stock in the last year include David E Dykstra and Karen Seaberg. View Insider Buying and Selling for MGP Ingredients.

MGPI stock was purchased by a variety of institutional investors in the last quarter, including AdvisorShares Investments LLC, Diversified Trust Co, FNY Investment Advisers LLC and Nisa Investment Advisors LLC. Company insiders that have bought MGP Ingredients stock in the last two years include Anthony P Foglio, Augustus C Griffin, Brandon Gall, George W Page Jr, K Pigott Thomas, Michael Rodger Buttshaw and Stephen J Glaser. View Insider Buying and Selling for 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.

One share of MGPI stock can currently be purchased for approximately $38.33.

MGP Ingredients has a market capitalization of $652.64 million and generates $376.09 million in revenue each year. The company earns $37.28 million in net income (profit) each year or $2.17 on an earnings per share basis. MGP Ingredients employs 332 workers across the globe.View Additional Information About MGP Ingredients.

The official website for MGP Ingredients is http://www.mgpingredients.com/.

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]