Cwm LLC Raises Stock Holdings in MGP Ingredients, Inc. $MGPI

Cwm LLC boosted its position in MGP Ingredients, Inc. (NASDAQ:MGPI) by 102.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,145 shares of the company’s stock after buying an additional 2,094 shares during the quarter. Cwm LLC’s holdings in MGP Ingredients were worth $124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group lifted its stake in shares of MGP Ingredients by 2,365.7% during the 1st quarter. Brooklyn Investment Group now owns 863 shares of the company’s stock valued at $25,000 after buying an additional 828 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of MGP Ingredients by 333.3% during the 1st quarter. Penserra Capital Management LLC now owns 897 shares of the company’s stock valued at $26,000 after buying an additional 690 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of MGP Ingredients by 114.8% during the 1st quarter. GAMMA Investing LLC now owns 1,497 shares of the company’s stock valued at $44,000 after buying an additional 800 shares in the last quarter. Signaturefd LLC lifted its stake in shares of MGP Ingredients by 1,055.2% during the 1st quarter. Signaturefd LLC now owns 2,218 shares of the company’s stock valued at $65,000 after buying an additional 2,026 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of MGP Ingredients by 56.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,000 shares of the company’s stock valued at $88,000 after purchasing an additional 1,087 shares in the last quarter. 77.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of MGP Ingredients in a research report on Wednesday, October 8th. TD Cowen dropped their price target on MGP Ingredients from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company dropped their price target on MGP Ingredients from $38.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

MGP Ingredients Stock Up 0.0%

Shares of MGP Ingredients stock opened at $24.20 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.78 and a quick ratio of 0.79. The company has a 50-day moving average of $26.11 and a 200 day moving average of $28.72. The firm has a market cap of $515.29 million, a price-to-earnings ratio of -36.12 and a beta of 0.37. MGP Ingredients, Inc. has a 1 year low of $23.28 and a 1 year high of $59.65.

MGP Ingredients (NASDAQ:MGPI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.23. The company had revenue of $130.91 million for the quarter, compared to the consensus estimate of $128.33 million. MGP Ingredients had a positive return on equity of 9.65% and a negative net margin of 2.56%.The firm’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.29 EPS. MGP Ingredients has set its FY 2025 guidance at 2.600-2.750 EPS. As a group, sell-side analysts anticipate that MGP Ingredients, Inc. will post 5.56 earnings per share for the current fiscal year.

MGP Ingredients Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 14th. MGP Ingredients’s dividend payout ratio (DPR) is presently -71.64%.

MGP Ingredients Company Profile

MGP Ingredients, Inc, together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions.