220,082 Shares in MGP Ingredients, Inc. $MGPI Bought by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. bought a new stake in MGP Ingredients, Inc. (NASDAQ:MGPI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 220,082 shares of the company’s stock, valued at approximately $5,348,000. Dana Investment Advisors Inc. owned about 1.03% of MGP Ingredients at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MGPI. Federated Hermes Inc. raised its position in MGP Ingredients by 32.8% in the third quarter. Federated Hermes Inc. now owns 987,123 shares of the company’s stock valued at $23,879,000 after purchasing an additional 243,909 shares during the last quarter. Millennium Management LLC raised its position in MGP Ingredients by 116.6% in the first quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock valued at $10,571,000 after purchasing an additional 193,660 shares during the last quarter. Peregrine Capital Management LLC bought a new position in MGP Ingredients in the fourth quarter valued at about $3,606,000. Vanguard Group Inc. raised its position in MGP Ingredients by 8.9% in the third quarter. Vanguard Group Inc. now owns 1,222,672 shares of the company’s stock valued at $29,576,000 after purchasing an additional 99,995 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in MGP Ingredients by 122.4% in the second quarter. Canada Pension Plan Investment Board now owns 143,700 shares of the company’s stock valued at $4,307,000 after purchasing an additional 79,100 shares during the last quarter. 77.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on MGPI shares. 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 dropped their target price on MGP Ingredients from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Wall Street Zen downgraded MGP Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Wells Fargo & Company dropped their target price on MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Finally, Roth Mkm decreased their price target on MGP Ingredients from $41.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.75.

MGP Ingredients Stock Performance

Shares of MGPI stock opened at $18.23 on Friday. The stock has a market cap of $389.58 million, a price-to-earnings ratio of -1.64 and a beta of 0.49. The stock has a 50-day moving average of $18.78 and a 200-day moving average of $22.40. The company has a current ratio of 2.74, a quick ratio of 0.56 and a debt-to-equity ratio of 0.41. MGP Ingredients, Inc. has a 1-year low of $16.45 and a 1-year high of $33.38.

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

MGP Ingredients Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.48 annualized dividend and a dividend yield of 2.6%. MGP Ingredients’s dividend payout ratio is presently -4.31%.

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.