Pacer Advisors Inc. Buys New Shares in MGP Ingredients, Inc. $MGPI

Pacer Advisors Inc. bought a new position in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 93,752 shares of the company’s stock, valued at approximately $2,278,000. Pacer Advisors Inc. owned approximately 0.44% of MGP Ingredients as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. increased its position 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 worth $34,939,000 after purchasing an additional 450,713 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of MGP Ingredients by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,222,672 shares of the company’s stock worth $29,576,000 after purchasing an additional 99,995 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of MGP Ingredients by 13.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 400,896 shares of the company’s stock valued at $12,015,000 after buying an additional 46,978 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of MGP Ingredients by 116.6% in the 1st quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock valued at $10,571,000 after buying an additional 193,660 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of MGP Ingredients by 29.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 359,561 shares of the company’s stock valued at $8,737,000 after buying an additional 80,808 shares in the last quarter. 77.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MGPI shares. Zacks Research upgraded shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings cut shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. TD Cowen decreased their price objective on shares of MGP Ingredients from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Wells Fargo & Company lowered their price objective on shares of MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, Roth Mkm dropped their target price on shares of MGP Ingredients from $41.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.75.

Insider Activity

In other news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 500,958 shares in the company, valued at $8,927,071.56. The trade was a 5.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.70% of the stock is currently owned by corporate insiders.

MGP Ingredients Price Performance

NASDAQ:MGPI opened at $16.90 on Wednesday. The company has a market cap of $361.15 million, a P/E ratio of -1.52 and a beta of 0.46. The firm’s fifty day moving average price is $18.17 and its two-hundred day moving average price is $21.06. MGP Ingredients, Inc. has a one year low of $15.72 and a one year high of $33.38. 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 earnings results on Wednesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative net margin of 45.70% and a positive return on equity of 7.48%. MGP Ingredients’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Equities analysts expect that MGP Ingredients, Inc. will post 1.6 earnings per share for the current year.

MGP Ingredients Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders 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 2.8%. MGP Ingredients’s dividend payout ratio (DPR) is -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.