MGP Ingredients, Inc. (NASDAQ:MGPI) Receives Consensus Recommendation of “Hold” from Analysts

MGP Ingredients, Inc. (NASDAQ:MGPI) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.00.

MGPI has been the topic of several research reports. Benchmark initiated coverage on MGP Ingredients in a research note on Thursday, January 22nd. They set a “buy” rating and a $35.00 price target on the stock. Zacks Research lowered MGP Ingredients from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. TD Cowen cut their price target on MGP Ingredients from $27.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Wells Fargo & Company cut their price target on MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, Roth Mkm cut their price target on MGP Ingredients from $41.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th.

MGP Ingredients Price Performance

MGP Ingredients stock opened at $18.77 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.70 and a current ratio of 2.61. The firm has a market cap of $401.11 million, a P/E ratio of -3.77 and a beta of 0.45. The business’s fifty day moving average is $20.89 and its two-hundred day moving average is $23.17. MGP Ingredients has a 52 week low of $16.45 and a 52 week high of $34.99.

MGP Ingredients (NASDAQ:MGPI) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The company had revenue of $138.32 million for the quarter, compared to analyst estimates of $132.84 million. MGP Ingredients had a positive return on equity of 7.46% and a negative net margin of 19.82%.The business’s revenue was down 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 earnings per share. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Equities research analysts forecast that MGP Ingredients will post 5.56 earnings per share for the current fiscal year.

MGP Ingredients Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, March 13th. MGP Ingredients’s dividend payout ratio is -9.64%.

Hedge Funds Weigh In On MGP Ingredients

Several large investors have recently made changes to their positions in the company. Federated Hermes Inc. lifted its stake in shares of MGP Ingredients by 45.7% during the fourth quarter. Federated Hermes Inc. now owns 1,437,836 shares of the company’s stock valued at $34,939,000 after acquiring an additional 450,713 shares during the period. Vanguard Group Inc. increased its holdings in MGP Ingredients by 8.9% in the third quarter. Vanguard Group Inc. now owns 1,222,672 shares of the company’s stock valued at $29,576,000 after purchasing an additional 99,995 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in MGP Ingredients by 13.3% in the second quarter. Ameriprise Financial Inc. now owns 400,896 shares of the company’s stock valued at $12,015,000 after purchasing an additional 46,978 shares during the last quarter. Millennium Management LLC increased its holdings in MGP Ingredients by 116.6% in the first quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock valued at $10,571,000 after purchasing an additional 193,660 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in MGP Ingredients by 29.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 359,561 shares of the company’s stock valued at $8,737,000 after purchasing an additional 80,808 shares during the last quarter. Institutional investors and hedge funds own 77.11% of the company’s stock.

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.