MGP Ingredients, Inc. (NASDAQ:MGPI) Given Consensus Rating of “Hold” by Analysts

MGP Ingredients, Inc. (NASDAQ:MGPI) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $27.75.

A number of equities analysts have commented on MGPI shares. Wall Street Zen cut shares of MGP Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Roth Mkm dropped their price objective on shares of MGP Ingredients from $41.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Weiss Ratings cut shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Wells Fargo & Company dropped their price objective on shares of MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, TD Cowen dropped their price target on shares of MGP Ingredients from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, April 30th.

Insider Activity at MGP Ingredients

In related news, major shareholder Caroline Lux Kaplan sold 30,000 shares of MGP Ingredients stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.82, for a total transaction of $534,600.00. Following the completion of the transaction, the insider directly owned 500,958 shares of the company’s stock, valued at approximately $8,927,071.56. The trade was a 5.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 31.70% of the company’s stock.

Hedge Funds Weigh In On MGP Ingredients

A number of large investors have recently made changes to their positions in MGPI. Federated Hermes Inc. boosted its stake in shares of MGP Ingredients by 45.7% during the 4th quarter. Federated Hermes Inc. now owns 1,437,836 shares of the company’s stock worth $34,939,000 after purchasing an additional 450,713 shares during the period. Tieton Capital Management LLC purchased a new position in shares of MGP Ingredients during the 4th quarter worth about $5,998,000. Dana Investment Advisors Inc. purchased a new position in shares of MGP Ingredients during the 4th quarter worth about $5,348,000. Clark Capital Management Group Inc. purchased a new position in shares of MGP Ingredients during the 4th quarter worth about $4,896,000. Finally, Millennium Management LLC boosted its stake in shares of MGP Ingredients by 116.6% during the 1st quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock worth $10,571,000 after purchasing an additional 193,660 shares during the period. 77.11% of the stock is owned by hedge funds and other institutional investors.

MGP Ingredients Stock Performance

Shares of NASDAQ:MGPI opened at $16.51 on Tuesday. MGP Ingredients has a 52 week low of $16.01 and a 52 week high of $33.38. The stock has a market capitalization of $352.82 million, a P/E ratio of -1.48 and a beta of 0.46. The firm has a fifty day simple moving average of $18.71 and a two-hundred day simple moving average of $21.64. The company has a quick ratio of 0.56, a current ratio of 2.74 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 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. MGP Ingredients had a negative net margin of 45.70% and a positive return on equity of 7.48%. The business had revenue of $106.43 million during the quarter, compared to analysts’ expectations of $105.32 million. During the same period last year, the company posted $0.36 EPS. The business’s revenue was down 12.5% on a year-over-year basis. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, analysts expect that MGP Ingredients will post 1.6 earnings per share for the current fiscal year.

MGP Ingredients Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.9%. MGP Ingredients’s payout ratio is currently -4.31%.

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.