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MGP Ingredients, Inc. (MGPI)

Stock Price: $53.13 USD 1.12 (2.15%)
Updated Jan 22, 2021 4:00 PM EST - Market closed
Market Cap 873.89M
Revenue (ttm) 387.07M
Net Income (ttm) 41.39M
Shares Out 16.92M
EPS (ttm) 2.44
PE Ratio 21.78
Forward PE n/a
Dividend $0.48
Dividend Yield 0.90%
Trading Day January 22
Last Price $53.13
Previous Close $52.01
Change ($) 1.12
Change (%) 2.15%
Day's Open 51.65
Day's Range 51.44 - 53.25
Day's Volume 73,678
52-Week Range 22.49 - 53.25

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GlobeNewsWire - 3 days ago

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

PRNewsWire - 1 week ago

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 Ry...

GlobeNewsWire - 1 month ago

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 sc...

GlobeNewsWire - 1 month ago

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

Seeking Alpha - 2 months ago

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

Zacks Investment Research - 2 months ago

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?

GlobeNewsWire - 2 months ago

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 ann...

Zacks Investment Research - 3 months ago

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.

GlobeNewsWire - 3 months ago

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 ann...

GuruFocus - 3 months ago

Wall Street recommends optimistic ratings for these companies

Other stocks mentioned: FSS, POWI
GlobeNewsWire - 4 months ago

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

GlobeNewsWire - 4 months ago

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 w...

Zacks Investment Research - 4 months ago

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

GlobeNewsWire - 4 months ago

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

GlobeNewsWire - 4 months ago

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

GlobeNewsWire - 4 months ago

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...

PRNewsWire - 4 months ago

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

Seeking Alpha - 5 months ago

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

Zacks Investment Research - 5 months ago

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?

GlobeNewsWire - 5 months ago

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%

Zacks Investment Research - 5 months ago

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.

GlobeNewsWire - 6 months ago

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 announ...

Zacks Investment Research - 6 months ago

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
CNN Business - 7 months ago

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
PRNewsWire - 7 months ago

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 R...

GlobeNewsWire - 7 months ago

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 l...

Zacks Investment Research - 7 months ago

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

Zacks Investment Research - 8 months ago

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

Other stocks mentioned: CLX, MSEX
Zacks Investment Research - 8 months ago

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
Zacks Investment Research - 8 months ago

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

Zacks Investment Research - 8 months ago

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

Other stocks mentioned: LOVE, NGHC, NJR, VRSN
Seeking Alpha - 8 months ago

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

Zacks Investment Research - 8 months ago

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?

Benzinga - 8 months ago

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

Zacks Investment Research - 8 months ago

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.

GlobeNewsWire - 9 months ago

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

GlobeNewsWire - 10 months ago

ATCHISON, Kan., March 20, 2020 (GLOBE NEWSWIRE) -- We applaud the distilling industry for helping in the fight against COVID-19. MGP (Nasdaq:MGPI) is playing an important role in this effort...

GlobeNewsWire - 10 months ago

Ingredients Can Be Used in Food Formulations to Support IBS Diet Ingredients Can Be Used in Food Formulations to Support IBS Diet

GlobeNewsWire - 10 months ago

Ingredients Can Be Used in Food Formulations to Support IBS Diet Ingredients Can Be Used in Food Formulations to Support IBS Diet

Seeking Alpha - 10 months ago

MGP Ingredients, Inc. (MGPI) CEO Augustus Griffin on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 10 months ago

MGP (MGPI) delivered earnings and revenue surprises of 7.04% and 1.16%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Seeking Alpha - 11 months ago

The Bottom Fishing Club: MGP Ingredients

GuruFocus - 11 months ago

MGP Ingredients Inc. (NASDAQ:MGPI) has been headed straight downwards for several weeks after management announced lower sales and earnings for full year 2019.

GlobeNewsWire - 11 months ago

ATCHISON, Kan., Jan. 23, 2020 (GLOBE NEWSWIRE) -- David Zane has joined the MGP Ingredients (Nasdaq: MGPI) spirits brands team as market manager in Texas, bolstering MGP’s position in this k...

The Motley Fool - 1 year ago

MGP Ingredients is sinking after management released disappointing preliminary results -- here are the details investors need to know.

GlobeNewsWire - 1 year ago

ATCHISON, Kan., Jan. 17, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, reported tod...

Seeking Alpha - 1 year ago

MGP Ingredients Or Facebook: You Say Which The Better Choice

GlobeNewsWire - 1 year ago

He brings global experience He brings global experience

Seeking Alpha - 1 year ago

MGP Ingredients, Inc. (MGPI) CEO Gus Griffin on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

MGP (MGPI) delivered earnings and revenue surprises of -28.36% and -8.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

About MGPI

MGP Ingredients, 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, pharmaceuticals, a... [Read more...]

Industry
Packaged Foods
IPO Date
Oct 20, 1988
CEO
David Colo
Employees
341
Stock Exchange
NASDAQ
Ticker Symbol
MGPI
Full Company Profile

Financial Performance

In 2019, MGPI's revenue was $362.75 million, a decrease of -3.55% compared to the previous year's $376.09 million. Earnings were $38.79 million, an increase of 4.05%.

Financial Statements

Analyst Forecasts

According to 5 analysts, the average rating for MGPI stock is "Strong Buy." The 12-month stock price forecast is 49.40, which is a decrease of -7.02% from the latest price.

Price Target
$49.40
(-7.02% downside)
Analyst Consensus: Strong Buy