MGP Ingredients, Inc. $MGPI Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) by 320.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,157 shares of the company’s stock after purchasing an additional 38,999 shares during the period. Hsbc Holdings PLC owned about 0.24% of MGP Ingredients worth $1,242,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MGPI. Villanova Investment Management Co LLC increased its position in shares of MGP Ingredients by 7.2% during the fourth 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. purchased a new position in MGP Ingredients in the fourth quarter valued at $2,278,000. Millennium Management LLC boosted its holdings in MGP Ingredients by 349.9% in the fourth quarter. Millennium Management LLC now owns 128,752 shares of the company’s stock valued at $3,129,000 after purchasing an additional 100,131 shares during the period. Engineers Gate Manager LP grew its stake in MGP Ingredients by 144.9% during the 4th quarter. Engineers Gate Manager LP now owns 38,286 shares of the company’s stock worth $930,000 after purchasing an additional 22,652 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in MGP Ingredients by 172.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 49,973 shares of the company’s stock worth $1,214,000 after purchasing an additional 31,609 shares in the last quarter. Institutional investors and hedge funds own 77.11% of the company’s stock.

Insider Activity at MGP Ingredients

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

MGP Ingredients Price Performance

Shares of NASDAQ MGPI opened at $17.36 on Thursday. The stock’s 50-day simple moving average is $17.83 and its 200-day simple moving average is $20.71. The firm has a market capitalization of $370.98 million, a PE ratio of -1.56 and a beta of 0.46. MGP Ingredients, Inc. has a fifty-two week low of $15.72 and a fifty-two week high of $33.38. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.56 and a current ratio of 2.74.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $106.43 million during the quarter, compared to the consensus estimate of $105.32 million. During the same period in the prior year, the company posted $0.36 earnings per share. The firm’s quarterly revenue 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. As a group, equities research analysts forecast 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 $0.12 dividend. 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 -4.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MGPI shares. TD Cowen reduced their price target on MGP Ingredients from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Zacks Research raised MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings lowered shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, MGP Ingredients presently has a consensus rating of “Hold” and an average price target of $27.25.

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.