MGP Ingredients (NASDAQ:MGPI) Issues FY 2026 Earnings Guidance

MGP Ingredients (NASDAQ:MGPI) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.500-1.800 for the period, compared to the consensus earnings per share estimate of 1.620. The company issued revenue guidance of $480.0 million-$500.0 million, compared to the consensus revenue estimate of $486.0 million.

MGP Ingredients Trading Down 3.8%

Shares of MGPI traded down $0.72 during mid-day trading on Thursday, reaching $18.16. The company’s stock had a trading volume of 106,612 shares, compared to its average volume of 244,388. MGP Ingredients has a 52 week low of $15.72 and a 52 week high of $31.75. The stock has a market cap of $388.16 million, a PE ratio of -1.63 and a beta of 0.46. The company’s fifty day moving average price is $17.16 and its two-hundred day moving average price is $19.72. 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 released its earnings results on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.49 by $0.23. The company had revenue of $124.36 million for the quarter, compared to analyst estimates of $125.16 million. MGP Ingredients had a negative net margin of 45.70% and a positive return on equity of 7.48%. The firm’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, analysts predict that MGP Ingredients will post 1.6 earnings per share for the current fiscal year.

MGP Ingredients Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, August 14th. MGP Ingredients’s dividend payout ratio (DPR) is -4.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their target price on MGP Ingredients from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday. Weiss Ratings cut MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Wells Fargo & Company boosted their price objective on MGP Ingredients from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Zacks Research raised MGP Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MGP Ingredients has a consensus rating of “Hold” and an average price target of $27.25.

Insider Buying and Selling at MGP Ingredients

In other news, major shareholder Caroline Lux Kaplan sold 30,000 shares of MGP Ingredients stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.82, for a total value of $534,600.00. Following the sale, the insider directly owned 500,958 shares in the company, valued at approximately $8,927,071.56. This trade represents a 5.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 31.70% of the company’s stock.

Key MGP Ingredients News

Here are the key news stories impacting MGP Ingredients this week:

• Positive Sentiment: Second-quarter adjusted EPS was $0.72, well above the analyst consensus of $0.49. The earnings beat may support the stock by demonstrating better-than-expected profitability despite challenging conditions. MGP Q2 Earnings Top Estimates
• Positive Sentiment: Wells Fargo raised its price target from $21 to $22 and assigned an Overweight rating, implying approximately 21% upside from the referenced price. The upgrade signals continued analyst confidence in MGPI’s longer-term prospects. Wells Fargo price target update
• Positive Sentiment: MGP declared a quarterly dividend of $0.12 per share, payable August 28 to shareholders of record August 14. The annualized payout is approximately $0.48 per share, or a yield near 2.5%, providing income support for investors.
• Neutral Sentiment: Management’s fiscal 2026 guidance calls for EPS of $1.50-$1.80 and revenue of $480 million-$500 million. The revenue range brackets analyst expectations, while the EPS midpoint of $1.65 is slightly above the $1.62 consensus, but the broad range reflects ongoing uncertainty. MGP Ingredients Q2 earnings call highlights
• Negative Sentiment: Quarterly revenue of $124.36 million fell short of the $125.16 million estimate and declined 14.5% year over year. EPS also decreased from $0.97 in the prior-year quarter, signaling weaker underlying demand or operating conditions despite the earnings beat. MGP Ingredients earnings report
• Negative Sentiment: The earnings call focused on navigating business challenges, which may be weighing on sentiment as investors look for evidence that declining sales and profitability pressures will improve. MGP Ingredients earnings call transcript

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MGPI. Osaic Holdings Inc. raised its stake in MGP Ingredients by 130.3% during the second quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock valued at $28,000 after buying an additional 529 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of MGP Ingredients during the fourth quarter valued at $32,000. Quadrant Capital Group LLC raised its position in shares of MGP Ingredients by 237.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company’s stock worth $44,000 after purchasing an additional 1,287 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in MGP Ingredients by 278.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock worth $56,000 after purchasing an additional 1,386 shares in the last quarter. Finally, State of Wyoming bought a new position in MGP Ingredients in the 2nd quarter worth about $117,000. Hedge funds and other institutional investors own 77.11% of the company’s stock.

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.