MGP Ingredients (NASDAQ:MGPI) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

MGP Ingredients, Inc. (NASDAQ:MGPI) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.91 and traded as low as $18.23. MGP Ingredients shares last traded at $18.39, with a volume of 415,894 shares trading hands.

Wall Street Analysts Forecast Growth

MGPI has been the topic of several research reports. Wall Street Zen lowered MGP Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Roth Mkm reduced their price target on MGP Ingredients from $41.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Zacks Research cut MGP Ingredients from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. 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 report on Thursday, February 26th. Finally, TD Cowen cut their price objective on shares of MGP Ingredients from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, MGP Ingredients has a consensus rating of “Hold” and a consensus price target of $30.00.

MGP Ingredients Price Performance

The company’s 50-day simple moving average is $22.11 and its 200 day simple moving average is $23.84. The company has a quick ratio of 0.70, a current ratio of 2.61 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $397.30 million, a price-to-earnings ratio of -3.73 and a beta of 0.44.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The company had revenue of $138.32 million during the quarter, compared to analysts’ expectations of $132.84 million. MGP Ingredients had a positive return on equity of 7.46% and a negative net margin of 19.82%.The business’s quarterly revenue was down 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 earnings per share. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Equities research analysts forecast that MGP Ingredients, Inc. will post 5.56 EPS for the current year.

MGP Ingredients Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, March 13th. MGP Ingredients’s dividend payout ratio (DPR) is -9.64%.

Institutional Trading of MGP Ingredients

Institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 during the last quarter. Illumine Investment Management LLC boosted its holdings in MGP Ingredients by 2.3% during the third quarter. Illumine Investment Management LLC now owns 18,903 shares of the company’s stock valued at $457,000 after acquiring an additional 433 shares during the period. Counterpoint Mutual Funds LLC grew its position in shares of MGP Ingredients by 2.2% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 20,737 shares of the company’s stock valued at $504,000 after purchasing an additional 440 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of 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 purchasing an additional 529 shares during the period. Finally, Mairs & Power Inc. increased its stake in shares of MGP Ingredients by 0.4% in the third quarter. Mairs & Power Inc. now owns 176,393 shares of the company’s stock worth $4,267,000 after purchasing an additional 619 shares during the period. 77.11% of the stock is currently owned by institutional investors and hedge funds.

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.