MGP Ingredients (MGPI) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $38.84 to $40.95
• 50-Day Range: $41.80 to $81.57
• 52-Week Range: $38.84 to $102.42
• Volume: 1.39 million shs
• Average Volume: 264,172 shs
• Market Capitalization: $878.12 million
• P/E Ratio: 8.32
• Dividend Yield: 1.20%
• Price Target: $76.67
• Consensus Rating: Moderate Buy

MGP Ingredients Stock Analysis - MarketRank™

MGP Ingredients scored higher than 94% of companies evaluated by MarketBeat, and ranked 14th out of 148 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

MGP Ingredients has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

MGP Ingredients has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: -31.06%

Earnings Growth

Earnings for MGP Ingredients are expected to decrease by -31.06% in the coming year, from $5.57 to $3.84 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MGP Ingredients is 8.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of MGP Ingredients is 8.32, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.96.

Price to Earnings Growth Ratio

MGP Ingredients has a PEG Ratio of 0.74. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

MGP Ingredients has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

28.03% of the float of MGP Ingredients has been sold short.

Short Interest Ratio / Days to Cover

MGP Ingredients has a short interest ratio ("days to cover") of 9.

Change versus previous month

Short interest in MGP Ingredients has recently decreased by 1.50%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

MGP Ingredients pays a meaningful dividend of 1.13%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

MGP Ingredients does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of MGP Ingredients is 9.98%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, MGP Ingredients will have a dividend payout ratio of 12.50% next year. This indicates that MGP Ingredients will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.4 / 5
• Environmental Score: -1.21

Percentage of Shares Shorted

28.03% of the float of MGP Ingredients has been sold short.

Short Interest Ratio / Days to Cover

MGP Ingredients has a short interest ratio ("days to cover") of 9.

Change versus previous month

Short interest in MGP Ingredients has recently decreased by 1.50%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.04

News Sentiment

MGP Ingredients has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 32 news articles for MGP Ingredients this week, compared to 5 articles on an average week.

Search Interest

Only 2 people have searched for MGPI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

5 people have added MGP Ingredients to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, MGP Ingredients insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $345,190.00 in company stock.

Percentage Held by Insiders

36.20% of the stock of MGP Ingredients is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

77.11% of the stock of MGP Ingredients is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MGPI Stock Analysis - Frequently Asked Questions

How have MGPI shares performed this year?

MGP Ingredients' stock was trading at $98.52 at the start of the year. Since then, MGPI shares have decreased by 59.4% and is now trading at $40.00.
View the best growth stocks for 2024 here.

How were MGP Ingredients' earnings last quarter?

MGP Ingredients, Inc. (NASDAQ:MGPI) posted its earnings results on Thursday, October, 31st. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.27 by $0.02. MGP Ingredients's revenue for the quarter was down 23.7% compared to the same quarter last year.

Does MGP Ingredients have any subsidiaries?

MGP Ingredients subsidiaries include these companies: New Columbia Distillers, MGP Distilling LLC, MGPI of Indiana LLC, and MGPI Processing Inc..

Who are MGP Ingredients' major shareholders?

Top institutional shareholders of MGP Ingredients include Champlain Investment Partners LLC (7.04%), FMR LLC (5.02%), State Street Corp (3.27%) and Southernsun Asset Management LLC (3.00%). Insiders that own company stock include Donn S Lux, Luxco 2017 Irrevocable Trust D, S Lux 2005 Irrevocable Tr Ann, Paul S Lux, Karen Seaberg, David Colo, Lori LS Mingus, Brandon Gall, Cnl 2013 Irrevocable Trust Dat, Caroline L Kaplan Revocable T, Stephen J Glaser, David E Dykstra, Erika Lapish and Michele Lux.
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.

What other stocks do shareholders of MGP Ingredients own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MGP Ingredients investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), The RMR Group (RMR), Humana (HUM) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 10/31/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Dividend Payable: 11/29/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: Beer, wine, & distilled alcoholic beverages
• Sub-Industry: N/A
• Current Symbol: NASDAQ:MGPI
• CUSIP: N/A
• CIK: 835011
• Web: www.mgpingredients.com
• Phone: (913) 367-1480
• Fax: 913-367-0192
• Employees: 705
• Year Founded: 1941

Price Target and Rating

• Average Stock Price Target: $76.67
• High Stock Price Target: $120.00
• Low Stock Price Target: $50.00
• Potential Upside/Downside: +91.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.81
• Trailing P/E Ratio: 8.32
• Forward P/E Ratio: 7.18
• P/E Growth: 0.74
• Net Income: $107.47 million
• Net Margins: 14.44%
• Pretax Margin: 19.14%
• Return on Equity: 14.39%
• Return on Assets: 8.95%

Debt

• Debt-to-Equity Ratio: 0.31
• Current Ratio: 6.46
• Quick Ratio: 1.94

Sales & Book Value

• Annual Sales: $737.72 million
• Price / Sales: 1.19
• Cash Flow: $6.15 per share
• Price / Cash Flow: 6.50
• Book Value: $38.68 per share
• Price / Book: 1.03

Miscellaneous

• Outstanding Shares: 21,953,000
• Free Float: 14,006,000
• Market Cap: $878.12 million
• Optionable: Optionable
• Beta: 0.63