MGP Ingredients (NASDAQ:MGPI) Stock Passes Below 200-Day Moving Average – Time to Sell?

MGP Ingredients, Inc. (NASDAQ:MGPI)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.03 and traded as low as $17.73. MGP Ingredients shares last traded at $18.21, with a volume of 144,624 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MGPI shares. TD Cowen lowered their price target on MGP Ingredients from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Weiss Ratings lowered MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Wells Fargo & Company reduced their price objective on 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, Zacks Research raised MGP Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, MGP Ingredients presently has a consensus rating of “Hold” and a consensus target price of $26.50.

MGP Ingredients Price Performance

The company has a market capitalization of $389.15 million, a P/E ratio of -1.63 and a beta of 0.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 0.56. The firm’s 50-day moving average is $17.16 and its 200-day moving average is $20.03.

MGP Ingredients (NASDAQ:MGPI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. The business 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 company’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Analysts predict that MGP Ingredients, Inc. will post 1.6 EPS for the current fiscal year.

MGP Ingredients Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.12 per share. The ex-dividend date was Friday, May 15th. This represents a $0.48 annualized dividend and a yield of 2.6%. MGP Ingredients’s payout ratio is -4.31%.

Insider Transactions at MGP Ingredients

In other MGP Ingredients news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $17.82, for a total transaction of $534,600.00. Following the completion of 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 31.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Federated Hermes Inc. grew its stake in shares of MGP Ingredients by 45.7% during the 4th quarter. Federated Hermes Inc. now owns 1,437,836 shares of the company’s stock valued at $34,939,000 after acquiring an additional 450,713 shares during the period. Vanguard Group Inc. lifted its holdings in MGP Ingredients by 8.9% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in MGP Ingredients by 11.6% during the first quarter. Dimensional Fund Advisors LP now owns 760,128 shares of the company’s stock valued at $13,979,000 after purchasing an additional 78,849 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of MGP Ingredients by 13.3% in the second quarter. Ameriprise Financial Inc. now owns 400,896 shares of the company’s stock worth $12,015,000 after purchasing an additional 46,978 shares during the period. Finally, Millennium Management LLC boosted its position in shares of MGP Ingredients by 116.6% in the first quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock worth $10,571,000 after purchasing an additional 193,660 shares during the period. 77.11% of the stock is owned by hedge funds and other institutional investors.

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.