Hsbc Holdings PLC Invests $806,000 in MGP Ingredients, Inc. $MGPI

Hsbc Holdings PLC bought a new position in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 47,884 shares of the company’s stock, valued at approximately $806,000.

A number of other large investors have also recently bought and sold shares of MGPI. Osaic Holdings Inc. increased its holdings in MGP Ingredients by 130.3% in the 2nd quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock worth $28,000 after buying an additional 529 shares during the period. Global Retirement Partners LLC acquired a new stake in MGP Ingredients during the 4th quarter valued at approximately $32,000. Legal & General Group Plc acquired a new stake in MGP Ingredients during the 2nd quarter valued at approximately $28,000. Quadrant Capital Group LLC boosted its holdings 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 valued at $44,000 after acquiring an additional 1,287 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of MGP Ingredients by 278.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock valued at $56,000 after acquiring an additional 1,386 shares during the last quarter. Hedge funds and other institutional investors own 77.11% of the company’s stock.

MGP Ingredients Stock Down 0.8%

Shares of MGPI stock opened at $16.47 on Wednesday. MGP Ingredients, Inc. has a twelve month low of $15.72 and a twelve month high of $29.75. The stock has a market cap of $352.69 million, a P/E ratio of -1.46 and a beta of 0.47. The stock has a 50 day moving average of $17.46 and a 200 day moving average of $18.44. The company has a current ratio of 6.99, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61.

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

MGP Ingredients Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.12 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.9%. MGP Ingredients’s dividend payout ratio is -4.26%.

Insider Activity at MGP Ingredients

In related news, insider Paul S. Lux sold 33,000 shares of MGP Ingredients stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $17.76, for a total value of $586,080.00. Following the completion of the transaction, the insider owned 550,458 shares in the company, valued at $9,776,134.08. The trade was a 5.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 31.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MGPI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of MGP Ingredients in a research note on Friday, July 31st. Wells Fargo & Company boosted their target price on shares of MGP Ingredients from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, TD Cowen upped their price target 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. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.25.

MGP Ingredients 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.