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

Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) have earned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $27.75.

A number of equities research analysts recently weighed in on the company. Weiss Ratings downgraded MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Wells Fargo & Company dropped their price objective on MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. TD Cowen dropped their price objective on MGP Ingredients from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen downgraded MGP Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Zacks Research raised MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th.

MGP Ingredients Price Performance

MGPI opened at $17.07 on Tuesday. MGP Ingredients has a 12-month low of $16.45 and a 12-month high of $33.38. The business’s fifty day simple moving average is $18.80 and its 200-day simple moving average is $21.87. The company has a market capitalization of $364.80 million, a price-to-earnings ratio of -1.53 and a beta of 0.49. The company has a current ratio of 2.74, a quick ratio of 0.56 and a debt-to-equity ratio of 0.41.

MGP Ingredients (NASDAQ:MGPI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.15 earnings per share 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 company had revenue of $106.43 million for the quarter, compared to the consensus estimate of $105.32 million. During the same quarter last year, the company earned $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. On average, equities research analysts anticipate that MGP Ingredients will post 1.6 earnings per share for the current fiscal year.

MGP Ingredients Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. MGP Ingredients’s dividend payout ratio (DPR) is currently -4.31%.

Insiders Place Their Bets

In other MGP Ingredients news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $17.82, for a total value 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. 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 can be accessed through the SEC website. Corporate insiders own 31.70% of the company’s stock.

Institutional Investors Weigh In On MGP Ingredients

Several institutional investors have recently added to or reduced their stakes in MGPI. Osaic Holdings Inc. boosted its holdings in MGP Ingredients by 130.3% in the second quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 529 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in MGP Ingredients by 653.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,304 shares of the company’s stock worth $32,000 after acquiring an additional 1,131 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in MGP Ingredients in the fourth quarter worth about $32,000. Quadrant Capital Group LLC boosted its holdings in MGP Ingredients by 237.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company’s stock worth $44,000 after acquiring an additional 1,287 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in MGP Ingredients by 278.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock worth $56,000 after acquiring an additional 1,386 shares in the last quarter. Institutional investors and hedge funds own 77.11% of the company’s stock.

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.