MGP Ingredients, Inc. (MGPI) to Issue Quarterly Dividend of $0.12 on May 29th

MGP Ingredients, Inc. (NASDAQ:MGPI) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Friday, May 15th will be paid a dividend of 0.12 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, May 15th.

MGP Ingredients has a dividend payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Analysts expect MGP Ingredients to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 23.3%.

MGP Ingredients Price Performance

Shares of NASDAQ:MGPI opened at $18.29 on Wednesday. The business has a 50 day moving average price of $18.82 and a 200 day moving average price of $22.52. The company has a quick ratio of 0.56, a current ratio of 2.74 and a debt-to-equity ratio of 0.41. The company has a market cap of $390.86 million, a price-to-earnings ratio of -1.64 and a beta of 0.49. MGP Ingredients has a twelve month low of $16.45 and a twelve month high of $33.62.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC bought a new position in shares of MGP Ingredients in the 1st quarter worth $735,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 worth $248,000 after purchasing an additional 390 shares during the last quarter. Millennium Management LLC boosted its position 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 worth $10,571,000 after purchasing an additional 193,660 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of MGP Ingredients by 10.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 158,879 shares of the company’s stock worth $4,668,000 after purchasing an additional 14,501 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of MGP Ingredients by 9.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 157,579 shares of the company’s stock worth $4,723,000 after purchasing an additional 13,556 shares during the last quarter. 77.11% of the stock is currently owned by 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.