Hsbc Holdings PLC Acquires 38,999 Shares of MGP Ingredients, Inc. $MGPI

Hsbc Holdings PLC raised its holdings in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) by 320.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,157 shares of the company’s stock after acquiring an additional 38,999 shares during the quarter. Hsbc Holdings PLC’s holdings in MGP Ingredients were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Villanova Investment Management Co LLC raised its stake in MGP Ingredients by 7.2% during the 4th quarter. Villanova Investment Management Co LLC now owns 78,583 shares of the company’s stock worth $1,910,000 after acquiring an additional 5,258 shares during the period. Pacer Advisors Inc. bought a new position in MGP Ingredients in the 4th quarter worth $2,278,000. Millennium Management LLC increased its stake in MGP Ingredients by 349.9% in the 4th quarter. Millennium Management LLC now owns 128,752 shares of the company’s stock worth $3,129,000 after buying an additional 100,131 shares in the last quarter. Engineers Gate Manager LP raised its holdings in MGP Ingredients by 144.9% during the fourth quarter. Engineers Gate Manager LP now owns 38,286 shares of the company’s stock valued at $930,000 after acquiring an additional 22,652 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of MGP Ingredients by 172.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 49,973 shares of the company’s stock valued at $1,214,000 after acquiring an additional 31,609 shares in the last quarter. Institutional investors own 77.11% of the company’s stock.

Insider Transactions at MGP Ingredients

In other MGP Ingredients news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.82, for a total transaction of $534,600.00. Following the transaction, the insider directly owned 500,958 shares in the company, valued at $8,927,071.56. This trade represents a 5.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 31.70% of the stock is currently owned by company insiders.

MGP Ingredients Price Performance

Shares of NASDAQ:MGPI opened at $17.06 on Monday. The firm has a market capitalization of $364.57 million, a PE ratio of -1.53 and a beta of 0.46. The business has a 50 day simple moving average of $17.37 and a two-hundred day simple moving average of $20.30. MGP Ingredients, Inc. has a 1 year low of $15.72 and a 1 year high of $32.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 0.56.

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

MGP Ingredients Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.12 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. MGP Ingredients’s payout ratio is presently -4.31%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MGPI shares. Weiss Ratings cut MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Zacks Research upgraded shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Wells Fargo & Company dropped their target price 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, TD Cowen cut 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. 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.50.

MGP Ingredients Profile

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.