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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
NASDAQ:MGPI

MGP Ingredients (MGPI) Stock Price, News & Analysis

$79.45
+1.67 (+2.15%)
(As of 04/18/2024 ET)
Today's Range
$77.50
$79.87
50-Day Range
$77.60
$91.83
52-Week Range
$75.78
$124.96
Volume
182,790 shs
Average Volume
207,600 shs
Market Capitalization
$1.75 billion
P/E Ratio
16.55
Dividend Yield
0.60%
Price Target
$130.00

MGP Ingredients MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
63.6% Upside
$130.00 Price Target
Short Interest
Bearish
28.23% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.21
Upright™ Environmental Score
News Sentiment
0.12mentions of MGP Ingredients in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$38,930 Bought Last Quarter
Proj. Earnings Growth
10.19%
From $6.18 to $6.81 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.55 out of 5 stars

Consumer Staples Sector

19th out of 134 stocks

Beer, Wine, & Distilled Alcoholic Beverages Industry

1st out of 1 stocks

MGPI stock logo

About MGP Ingredients Stock (NASDAQ:MGPI)

MGP Ingredients, Inc., together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions. The Distillery Solutions segment provides food grade alcohol for beverage applications that include bourbon, rye, whiskeys, as well as grain neutral spirits, include vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in food products, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also offers distillery co-products, such as dried distillers' grain, fuel-grade alcohol for blending with gasoline, and corn oil; and provides warehouse services, including barrel put away, barrel storage, and barrel retrieval services, as well as blending services. The Branded Spirits segment provides premium plus, ultra-premium, super premium, premium, mid, and value branded distilled spirits, as well as private label products. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch series, 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. It sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries. The company was founded in 1941 and is based in Atchison, Kansas.

MGPI Stock Price History

MGPI Stock News Headlines

MGP Ingredients (NASDAQ:MGPI) Raised to Hold at StockNews.com
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Wells Fargo Reaffirms Their Buy Rating on MGP Ingredients (MGPI)
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
20 Most Underrated Bourbons on the Market
Wedbush Keeps Their Buy Rating on MGP Ingredients (MGPI)
MGPI Apr 2024 95.000 call
MGPI Apr 2024 80.000 call
MGPI Mar 2024 135.000 call
7 Stable Stocks to Buy for 100% Returns by 2025
MGP Ingredients Announces $100 Mln Stock Buyback Program
Q4 2023 MGP Ingredients Inc Earnings Call
MGP Ingredients Stock Falls 15% on Soft Whiskey Demand
Why MGP Ingredients (MGPI) Shares Are Trading Lower Today
MGP Ingredients Declares $0.12 Quarterly Dividend
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Today
4/18/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Beer, wine, & distilled alcoholic beverages
Sub-Industry
N/A
Current Symbol
NASDAQ:MGPI
Employees
705
Year Founded
1941

Price Target and Rating

Average Stock Price Target
$130.00
High Stock Price Target
$140.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+65.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$107.47 million
Pretax Margin
16.94%

Debt

Sales & Book Value

Annual Sales
$836.52 million
Cash Flow
$6.90 per share
Book Value
$38.68 per share

Miscellaneous

Free Float
15,692,000
Market Cap
$1.73 billion
Optionable
Optionable
Beta
0.76

Social Links

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Key Executives

  • Mr. David S. Bratcher (Age 55)
    CEO, President & Director
    Comp: $1.1M
  • Mr. Brandon M. Gall (Age 41)
    VP of Finance & CFO
    Comp: $948.9k
  • Ms. Erika L. Lapish
    VP & Chief Human Resources Officer
  • Mr. David J. Colo (Age 61)
    Advisor
    Comp: $2.36M
  • Mr. Amel Pasagic
    VP & Chief Commercial Officer
  • Dr. Clodualdo Maningat (Age 69)
    Chief Science Officer and VP of Ingredients Research & Development
  • Mr. Curtis Landherr
    VP, Chief Legal Officer & Corporate Secretary
  • Mr. Greg Manis
    Corporate Director of Communications
  • Mr. Fletcher R. Buchman
    Vice President of Marketing
  • Mr. Mark Davidson
    Corporate Controller

MGPI Stock Analysis - Frequently Asked Questions

Should I buy or sell MGP Ingredients stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 2 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 target for 2024?

2 Wall Street analysts have issued 12 month price objectives for MGP Ingredients' stock. Their MGPI share price targets range from $120.00 to $140.00. On average, they anticipate the company's share price to reach $130.00 in the next twelve months. This suggests a possible upside of 63.6% from the stock's current price.
View analysts price targets for MGPI
or view top-rated stocks among Wall Street analysts.

How have MGPI shares performed in 2024?

MGP Ingredients' stock was trading at $98.52 at the start of the year. Since then, MGPI shares have decreased by 19.4% and is now trading at $79.45.
View the best growth stocks for 2024 here
.

When is MGP Ingredients' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MGPI earnings forecast
.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) posted its earnings results on Thursday, February, 22nd. The company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.26. The company earned $214.90 million during the quarter, compared to the consensus estimate of $206.87 million. MGP Ingredients had a net margin of 12.72% and a trailing twelve-month return on equity of 16.03%. The company's revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share.

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

MGP Ingredients announced a quarterly dividend on Thursday, March 14th. Investors of record on Friday, March 15th will be paid a dividend of $0.12 per share on Friday, March 29th. This represents a $0.48 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, March 14th.
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 0.61%. The dividend payout ratio is 10.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 7.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGPI.

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

MGP Ingredients updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of 6.120-6.230 for the period, compared to the consensus earnings per share estimate of 6.120. The company issued revenue guidance of $742.0 million-$756.0 million, compared to the consensus revenue estimate of $787.8 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).

Who are MGP Ingredients' major shareholders?

MGP Ingredients' stock is owned by a number of institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (1.75%), Congress Wealth Management LLC DE (0.23%), Confluence Investment Management LLC (0.16%), Moody National Bank Trust Division (0.06%), Allspring Global Investments Holdings LLC (0.05%) and Diversified Trust Co (0.05%). Insiders that own company stock include Brandon Gall, Caroline L Kaplan Revocable T, Cnl 2013 Irrevocable Trust Dat, David Colo, David E Dykstra, Donn S Lux, Erika Lapish, James L Bareuther, Karen Seaberg, Lori LS Mingus, Luxco 2017 Irrevocable Trust D, Michael Rodger Buttshaw, Michele Lux, Paul S Lux, S Lux 2005 Irrevocable Tr Ann, Stephen J Glaser and Stephen J Glaser.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does MGP Ingredients have any subsidiaries?
The following companies are subsidiares of MGP Ingredients: MGP Distilling LLC, MGPI Processing Inc., MGPI of Indiana LLC, and New Columbia Distillers.
Read More
This page (NASDAQ:MGPI) was last updated on 4/18/2024 by MarketBeat.com Staff

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