MGP Ingredients, Inc. (NASDAQ:MGPI) Receives Average Rating of “Hold” from Analysts

Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) have been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $27.25.

A number of brokerages have commented on MGPI. Weiss Ratings downgraded shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. TD Cowen dropped their price target 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. Finally, Zacks Research raised shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th.

Insider Transactions at MGP Ingredients

In other MGP Ingredients news, major shareholder Caroline Lux Kaplan sold 30,000 shares of MGP Ingredients stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.82, for a total transaction of $534,600.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 31.70% of the company’s stock.

Hedge Funds Weigh In On MGP Ingredients

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of MGP Ingredients by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,446 shares of the company’s stock valued at $248,000 after buying an additional 390 shares in the last quarter. Counterpoint Mutual Funds LLC raised its stake in MGP Ingredients by 2.2% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 20,737 shares of the company’s stock worth $504,000 after acquiring an additional 440 shares in the last quarter. Osaic Holdings Inc. lifted its position in MGP Ingredients by 130.3% in the second quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock valued at $28,000 after acquiring an additional 529 shares during the last quarter. Mairs & Power Inc. lifted its position in MGP Ingredients by 0.4% in the third quarter. Mairs & Power Inc. now owns 176,393 shares of the company’s stock valued at $4,267,000 after acquiring an additional 619 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in MGP Ingredients by 1.3% in the second quarter. Rhumbline Advisers now owns 52,446 shares of the company’s stock valued at $1,572,000 after acquiring an additional 666 shares in the last quarter. Hedge funds and other institutional investors own 77.11% of the company’s stock.

MGP Ingredients Trading Up 4.8%

MGPI opened at $17.13 on Friday. 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 company’s 50 day simple moving average is $18.00 and its two-hundred day simple moving average is $20.91. MGP Ingredients has a 1-year low of $15.72 and a 1-year high of $33.38. The firm has a market capitalization of $366.07 million, a price-to-earnings ratio of -1.54 and a beta of 0.46.

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

MGP Ingredients Dividend Announcement

The firm also recently disclosed 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. MGP Ingredients’s dividend payout ratio (DPR) is presently -4.31%.

MGP Ingredients Company 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.