MGP Ingredients, Inc. (NASDAQ:MGPI) Given Average Recommendation of “Hold” by Brokerages

Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) have earned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $30.00.

A number of equities analysts have commented on MGPI shares. TD Cowen reduced their price target 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. Benchmark began coverage on shares of MGP Ingredients in a research note on Thursday, January 22nd. They issued a “buy” rating and a $35.00 target price for the company. Roth Mkm cut their target price 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 reissued a “sell (d)” rating on shares of MGP Ingredients in a report on Thursday, January 22nd. Finally, Wall Street Zen cut MGP Ingredients from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd.

MGP Ingredients Stock Performance

MGP Ingredients stock opened at $16.73 on Thursday. The firm has a market capitalization of $357.35 million, a P/E ratio of -3.36 and a beta of 0.44. The stock has a fifty day moving average price of $23.08 and a two-hundred day moving average price of $24.35. MGP Ingredients has a 52-week low of $16.72 and a 52-week high of $34.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.61 and a quick ratio of 0.70.

MGP Ingredients (NASDAQ:MGPI) last issued its earnings results on Wednesday, February 25th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.49 by $0.14. The company had revenue of $138.32 million for the quarter, compared to the consensus estimate of $132.84 million. MGP Ingredients had a negative net margin of 19.82% and a positive return on equity of 7.46%. The firm’s revenue for the quarter was down 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.57 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, analysts anticipate that MGP Ingredients will post 5.56 EPS for the current fiscal year.

MGP Ingredients Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, March 13th. MGP Ingredients’s dividend payout ratio is presently -9.64%.

Institutional Trading of MGP Ingredients

Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. increased its holdings in shares of MGP Ingredients by 45.7% in the fourth quarter. Federated Hermes Inc. now owns 1,437,836 shares of the company’s stock valued at $34,939,000 after purchasing an additional 450,713 shares in the last quarter. Vanguard Group Inc. lifted its holdings in MGP Ingredients by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,222,672 shares of the company’s stock worth $29,576,000 after buying an additional 99,995 shares in the last quarter. Ariel Investments LLC lifted its holdings in MGP Ingredients by 14.9% during the 2nd quarter. Ariel Investments LLC now owns 719,144 shares of the company’s stock worth $21,553,000 after buying an additional 93,086 shares in the last quarter. Ameriprise Financial Inc. boosted its position in MGP Ingredients by 13.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 400,896 shares of the company’s stock valued at $12,015,000 after buying an additional 46,978 shares during the last quarter. Finally, Millennium Management LLC boosted its position in MGP Ingredients by 116.6% in the 1st quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock valued at $10,571,000 after buying an additional 193,660 shares during the last quarter. 77.11% of the stock is owned by institutional investors.

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.