MGP Ingredients, Inc. (NASDAQ:MGPI) Receives Average Rating of “Hold” from Analysts

Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) have earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $26.50.

MGPI has been the subject of a number of recent analyst reports. Weiss Ratings downgraded MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. TD Cowen lowered their target price on shares of MGP Ingredients from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Friday, June 26th. Wells Fargo & Company dropped their price target on shares of MGP Ingredients from $24.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Finally, Zacks Research raised shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th.

MGP Ingredients Trading Down 1.6%

MGPI opened at $17.91 on Wednesday. The stock has a market capitalization of $382.74 million, a PE ratio of -1.61 and a beta of 0.46. MGP Ingredients has a one year low of $15.72 and a one year high of $32.60. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.56 and a current ratio of 2.74. The business’s 50 day moving average price is $17.16 and its 200 day moving average price is $19.98.

MGP Ingredients (NASDAQ:MGPI) last posted its earnings results on Wednesday, April 29th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.The company had revenue of $106.43 million for the quarter, compared to the consensus estimate of $105.32 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts expect that MGP Ingredients will post 1.6 EPS for the current year.

MGP Ingredients Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, May 15th. MGP Ingredients’s dividend payout ratio (DPR) is -4.31%.

Insider Transactions at MGP Ingredients

In other MGP Ingredients news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.82, for a total value of $534,600.00. Following the sale, the insider owned 500,958 shares of the company’s stock, valued at $8,927,071.56. The trade was a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 31.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. raised its holdings in shares of MGP Ingredients by 130.3% in the 2nd quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock valued at $28,000 after buying an additional 529 shares during the period. Nisa Investment Advisors LLC lifted its stake in MGP Ingredients by 653.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,304 shares of the company’s stock worth $32,000 after acquiring an additional 1,131 shares in the last quarter. Global Retirement Partners LLC purchased a new position in MGP Ingredients during the 4th quarter valued at about $32,000. Quadrant Capital Group LLC boosted its holdings in MGP Ingredients by 237.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company’s stock valued at $44,000 after acquiring an additional 1,287 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in MGP Ingredients by 278.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock valued at $56,000 after acquiring an additional 1,386 shares in the last quarter. 77.11% of the stock is currently owned by hedge funds and other institutional investors.

About MGP Ingredients

MGP Ingredients, Inc (NASDAQ: MGPI) is a leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries. Headquartered in Atchison, Kansas, the company operates two main facilities—its historic Atchison plant, founded in 1941 as Midwest Grain Products, and a modern distillery in Lawrenceburg, Indiana. MGP Ingredients supplies an array of distillation products under its beverage and ingredient segments, serving brand owners, private-label producers and co-packers worldwide.

The beverage segment features a broad portfolio of premium spirits, including bourbon and rye whiskies, vodka, gin and neutral spirits.