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MGP Ingredients, Inc. (MGPI)

Stock Price: $63.19 USD 1.47 (2.38%)
Updated May 7, 2021 4:00 PM EDT - Market closed
Market Cap 1.39B
Revenue (ttm) 404.76M
Net Income (ttm) 45.59M
Shares Out 16.93M
EPS (ttm) 2.70
PE Ratio 23.45
Forward PE n/a
Dividend $0.48
Dividend Yield 0.76%
Trading Day May 7
Last Price $63.19
Previous Close $61.72
Change ($) 1.47
Change (%) 2.38%
Day's Open 61.63
Day's Range 61.11 - 64.24
Day's Volume 135,470
52-Week Range 32.42 - 71.82

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Consolidated sales increased 9.3% from prior year period; Operating income increased 49.6%; Adjusted operating income up 56.7% Consolidated sales increased 9.3% from prior year period; Operating income ...

4 days ago - GlobeNewsWire

ATCHISON, Kan., May 05, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that its ...

4 days ago - GlobeNewsWire

M GP Ingredients, Inc. (NASDAQ:MGPI) is a producer and supplier of distilled spirits and specialty wheat, proteins, and starches.

1 week ago - Schaeffers Research

MGP (MGPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 week ago - Zacks Investment Research

ATCHISON, Kan., April 15, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that it...

3 weeks ago - GlobeNewsWire

ST. LOUIS, April 12, 2021 /PRNewswire/ -- As the weather warms up, Vita Frute Vodka Soda is providing cool adult refreshment with its new original mix 12-pack featuring the latest Vita Frute flavor, Blo...

3 weeks ago - PRNewsWire

Combined company materially increases MGP's scale in the branded-spirits sector and establishes an additional platform for future growth Combined company materially increases MGP's scale in the branded-...

1 month ago - GlobeNewsWire

Full year consolidated sales increased 9.0% from prior year period Full year operating income increased 14.8%; Adjusted operating income up 20.9%

2 months ago - GlobeNewsWire

ATCHISON, Kan., Feb. 25, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that its...

2 months ago - GlobeNewsWire

Kavanagh brings three decades of experience in European markets Kavanagh brings three decades of experience in European markets

2 months ago - GlobeNewsWire

ATCHISON, Kan., Feb. 11, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that it ...

2 months ago - GlobeNewsWire

ATCHISON, Kan., Feb. 4, 2021 /PRNewswire/ -- MGP (Nasdaq: MGPI), has partnered with RNDC in Colorado to support the continued growth of their proprietary spirits brands: TILL American Wheat Vodka, Georg...

3 months ago - PRNewsWire

ATCHISON, Kan., Feb. 2, 2021 /PRNewswire/ -- MGP (Nasdaq: MGPI), has partnered with Standard Beverage in Kansas to support the continued growth of their proprietary spirits brands. Based in Atchison, Ka...

3 months ago - PRNewsWire

Deal represents an enterprise value of $475 million comprised of equal parts cash and stock Deal represents an enterprise value of $475 million comprised of equal parts cash and stock

3 months ago - GlobeNewsWire

Matt Greeno to lead Masters team, support product development Matt Greeno to lead Masters team, support product development

3 months ago - GlobeNewsWire

LAWRENCEBURG, Ind., Jan. 13, 2021 /PRNewswire/ -- MGP (Nasdaq: MGPI) has launched the New Year with the release of their 2021 Rossville Union Single Barrel Program. Known as the "Masters of Rye," MGP is...

3 months ago - PRNewsWire

ATCHISON, Kan., Dec. 17, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI) has hired Tanya Jeradechachai as a vice president of Ingredient Solutions R&D. Her experience in grain science and ...

4 months ago - GlobeNewsWire

Rigorous audit applied to all MGP facilities Rigorous audit applied to all MGP facilities

5 months ago - GlobeNewsWire

MGP Ingredients, Inc. (MGPI) CEO Dave Colo on Q3 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

MGP (MGPI) delivered earnings and revenue surprises of 8.93% and 3.90%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

ATCHISON, Kan., Oct. 29, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. ( Nasdaq : MGPI ) , a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced tha...

6 months ago - GlobeNewsWire

MGP (MGPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 months ago - Zacks Investment Research

ATCHISON, Kan., Oct. 15, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. ( Nasdaq : MGPI ) , a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced tha...

6 months ago - GlobeNewsWire

Wall Street recommends optimistic ratings for these companies

Other stocks mentioned: FSS, POWI
7 months ago - GuruFocus

She brings significant research in carbohydrate chemistry She brings significant research in carbohydrate chemistry

7 months ago - GlobeNewsWire

ATCHISON, Kan., Sept. 16, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of premium distilled spirits and specialty wheat proteins and starches, recently was recogni...

7 months ago - GlobeNewsWire

MGP Ingredients (MGPI) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

8 months ago - Zacks Investment Research

She supports ProTerra® product development She supports ProTerra® product development

8 months ago - GlobeNewsWire

Jeffrey Ruger brings 20 years’ CIO experience to this newly created role Jeffrey Ruger brings 20 years’ CIO experience to this newly created role

8 months ago - GlobeNewsWire

ATCHISON, Kan., Aug. 26, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of distilled spirits and specialty wheat proteins and starches, announced that Lori L.S. Ming...

8 months ago - GlobeNewsWire

LAWRENCEBURG, Ind., Aug. 26, 2020 /PRNewswire/ -- MGP (Nasdaq: MGPI) has launched their first Single Barrel release for Rossville Union Rye.

8 months ago - PRNewsWire

MGP Ingredients, Inc. (MGPI) CEO Dave Colo on Q2 2020 Results - Earnings Call Transcript

9 months ago - Seeking Alpha

MGP (MGPI) delivered earnings and revenue surprises of 14.89% and -3.58%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

Operating income increased 4.3% from prior year period; Adjusted operating income up 11.5% Operating income increased 4.3% from prior year period; Adjusted operating income up 11.5%

9 months ago - GlobeNewsWire

MGP (MGPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research

ATCHISON, Kan., July 16, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that i...

9 months ago - GlobeNewsWire

As about a dozen states pause their reopening plans amid a surge in COVID-19 cases, more consumers turn to comfort food and snacks.

Other stocks mentioned: BGS, UNFI
10 months ago - Zacks Investment Research

US whiskey distillers have lost out on nearly $340 million in sales to the European Union over the past two years because of a tit-for-tat trade spat between Washington and Brussels.

Other stocks mentioned: BF.A, BF.B, DEO
10 months ago - CNN Business

LAWRENCEBURG, Ind., June 16, 2020 /PRNewswire/ -- MGP (Nasdaq: MGPI) will debut Remus Repeal Reserve Series IV Straight Bourbon Whiskey in September 2020. Produced to commemorate Prohibition Repeal Day,...

10 months ago - PRNewsWire

ATCHISON, Kan., June 10, 2020 (GLOBE NEWSWIRE) -- Allison Hardy has joined MGP Ingredients, Inc. (Nasdaq: MGPI), as the new assistant general counsel. She assists in the direction of MGP’s legal affai...

10 months ago - GlobeNewsWire

MGP Ingredients (MGPI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

11 months ago - Zacks Investment Research

Fresh clashes between the two powerful economies amid the pandemic have triggered investors to turn to safe bets, again.

Other stocks mentioned: CLX, MSEX
11 months ago - Zacks Investment Research

Cook-at-home could be more of a trend moving forward, so here are a few picks catering to that segment.

Other stocks mentioned: BGS, HAIN, SJM, STKL
1 year ago - Zacks Investment Research

MGP (MGPI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

1 year ago - Zacks Investment Research

Increased analyst coverage over the last few weeks might lead to solid price appreciation for these stocks.

Other stocks mentioned: LOVE, NGHC, NJR, VRSN
1 year ago - Zacks Investment Research

MGP Ingredients, Inc. (MGPI) CEO Gus Griffin on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

MGP (MGPI) delivered earnings and revenue surprises of 74.29% and 14.81%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Shares of MGP Ingredients (NASDAQ:MGPI) were unaffected at $40.99 after the company reported Q1 results.

1 year ago - Benzinga

MGP (MGPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

New gluten-free pea option joins proven textured wheat proteins New gluten-free pea option joins proven textured wheat proteins

1 year ago - GlobeNewsWire

About MGPI

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates through two segments, Distillery Products and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceutic... [Read more...]

Industry
Packaged Foods
IPO Date
Oct 20, 1988
CEO
David Colo
Employees
604
Stock Exchange
NASDAQ
Ticker Symbol
MGPI
Full Company Profile

Financial Performance

In 2020, MGPI's revenue was $395.52 million, an increase of 9.04% compared to the previous year's $362.75 million. Earnings were $40.35 million, an increase of 4.00%.

Financial Statements

Analyst Forecasts

According to 5 analysts, the average rating for MGPI stock is "Strong Buy." The 12-month stock price forecast is 70.75, which is an increase of 11.96% from the latest price.

Price Target
$70.75
(11.96% upside)
Analyst Consensus: Strong Buy