MGP Ingredients (NASDAQ:MGPI) Issues FY 2026 Earnings Guidance

MGP Ingredients (NASDAQ:MGPI) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.500-1.800 for the period, compared to the consensus EPS estimate of 1.620. The company issued revenue guidance of $480.0 million-$500.0 million, compared to the consensus revenue estimate of $486.0 million.

MGP Ingredients Stock Performance

MGPI traded down $0.99 during trading hours on Friday, hitting $17.89. The company’s stock had a trading volume of 10,803 shares, compared to its average volume of 245,731. MGP Ingredients has a fifty-two week low of $15.72 and a fifty-two week high of $31.75. The firm has a market capitalization of $382.39 million, a PE ratio of -1.60 and a beta of 0.46. The company has a 50-day simple moving average of $17.15 and a 200 day simple moving average of $19.67. The company has a current ratio of 6.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.61.

MGP Ingredients (NASDAQ:MGPI) last announced its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.23. The company had revenue of $124.36 million for the quarter, compared to analyst estimates of $125.16 million. MGP Ingredients had a positive return on equity of 7.41% and a negative net margin of 48.08%.MGP Ingredients’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts expect that MGP Ingredients will post 1.6 EPS for the current year.

MGP Ingredients Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. MGP Ingredients’s dividend payout ratio is presently -4.26%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MGPI shares. TD Cowen raised their price objective on MGP Ingredients from $18.00 to $20.00 and gave the company a “hold” rating in a report on Thursday. Wells Fargo & Company upped their price target on shares of MGP Ingredients from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Research raised MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings downgraded MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.25.

Insider Buying and Selling at MGP Ingredients

In related news, major shareholder Caroline Lux Kaplan sold 30,000 shares of MGP Ingredients stock in a transaction dated 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 approximately $8,927,071.56. The trade was a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.70% of the stock is owned by insiders.

Institutional Investors Weigh In On MGP Ingredients

Several large investors have recently made changes to their positions in MGPI. American Century Companies Inc. lifted its stake in MGP Ingredients by 415.6% in the second quarter. American Century Companies Inc. now owns 79,302 shares of the company’s stock valued at $2,377,000 after acquiring an additional 63,920 shares during the last quarter. Brevan Howard Capital Management LP raised its stake in MGP Ingredients by 60.7% in the 3rd quarter. Brevan Howard Capital Management LP now owns 39,706 shares of the company’s stock valued at $960,000 after acquiring an additional 14,996 shares during the period. Jump Financial LLC acquired a new stake in MGP Ingredients during the 4th quarter valued at $908,000. Trexquant Investment LP bought a new position in MGP Ingredients during the fourth quarter worth $817,000. Finally, Swiss National Bank boosted its position in MGP Ingredients by 3.5% during the fourth quarter. Swiss National Bank now owns 29,400 shares of the company’s stock worth $714,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 77.11% of the company’s stock.

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.