PDT Partners LLC Acquires Shares of 90,281 MGP Ingredients, Inc. $MGPI

PDT Partners LLC bought a new stake in MGP Ingredients, Inc. (NASDAQ:MGPI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 90,281 shares of the company’s stock, valued at approximately $1,582,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. boosted its holdings in MGP Ingredients by 45.7% in the fourth quarter. Federated Hermes Inc. now owns 1,437,836 shares of the company’s stock valued at $34,939,000 after acquiring an additional 450,713 shares during the last quarter. BlackRock Inc. acquired a new position in MGP Ingredients during the 2nd quarter valued at about $22,258,000. Vanguard Group Inc. boosted its stake in shares of MGP Ingredients by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,222,672 shares of the company’s stock valued at $29,576,000 after purchasing an additional 99,995 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MGP Ingredients by 11.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 760,128 shares of the company’s stock valued at $13,979,000 after purchasing an additional 78,849 shares during the last quarter. Finally, Tieton Capital Management LLC acquired a new stake in shares of MGP Ingredients during the 2nd quarter worth approximately $11,252,000. Institutional investors own 77.11% of the company’s stock.

MGP Ingredients Stock Performance

MGPI stock opened at $17.44 on Thursday. The business’s 50-day moving average price is $17.46 and its two-hundred day moving average price is $18.71. The company has a current ratio of 6.99, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61. The firm has a market cap of $373.46 million, a PE ratio of -1.55 and a beta of 0.47. MGP Ingredients, Inc. has a 1-year low of $15.72 and a 1-year high of $29.92.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.23. MGP Ingredients had a positive return on equity of 7.41% and a negative net margin of 48.08%.The company had revenue of $124.36 million during the quarter, compared to the consensus estimate of $125.16 million. During the same period in the prior year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, research analysts forecast that MGP Ingredients, Inc. will post 1.65 earnings per share for the current year.

MGP Ingredients Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 14th. MGP Ingredients’s dividend payout ratio (DPR) is currently -4.26%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of MGP Ingredients from $18.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Wells Fargo & Company lifted their target price on shares of MGP Ingredients from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of MGP Ingredients in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.25.

Insider Transactions at MGP Ingredients

In other MGP Ingredients news, insider Paul S. Lux sold 33,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $17.76, for a total value of $586,080.00. Following the sale, the insider owned 550,458 shares in the company, valued at approximately $9,776,134.08. The trade was a 5.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 31.70% 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.