MGP Ingredients, Inc. (NASDAQ:MGPI – Get Free Report) major shareholder Caroline Lux Kaplan sold 30,000 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 500,958 shares in the company, valued at $8,927,071.56. This represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
MGP Ingredients Stock Up 0.2%
Shares of MGPI traded up $0.03 during midday trading on Thursday, hitting $18.31. The stock had a trading volume of 28,056 shares, compared to its average volume of 262,446. The firm has a market cap of $391.35 million, a price-to-earnings ratio of -1.64 and a beta of 0.49. The company has a 50 day simple moving average of $18.75 and a two-hundred day simple moving average of $22.03. MGP Ingredients, Inc. has a twelve month low of $16.45 and a twelve month high of $33.38. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 0.56.
MGP Ingredients (NASDAQ:MGPI – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.The business had revenue of $106.43 million for the quarter, compared to analyst estimates of $105.32 million. During the same quarter last year, the firm earned $0.36 EPS. MGP Ingredients’s revenue for the quarter was down 12.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, analysts anticipate that MGP Ingredients, Inc. will post 1.6 EPS for the current year.
MGP Ingredients Announces Dividend
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. raised its position 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 during the period. Tieton Capital Management LLC acquired a new position in MGP Ingredients in the 4th quarter valued at about $5,998,000. Dana Investment Advisors Inc. bought a new position in MGP Ingredients in the 4th quarter valued at about $5,348,000. Clark Capital Management Group Inc. acquired a new stake in MGP Ingredients during the fourth quarter worth approximately $4,896,000. Finally, Millennium Management LLC boosted its holdings in shares of MGP Ingredients by 116.6% during the first quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock worth $10,571,000 after acquiring an additional 193,660 shares during the period. 77.11% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on MGPI shares. Wall Street Zen cut MGP Ingredients from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Wells Fargo & Company dropped their target price on MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. TD Cowen decreased their price target on MGP Ingredients from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Roth Mkm lowered their price target on MGP Ingredients from $41.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Zacks Research upgraded MGP Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.75.
Get Our Latest Research Report on MGPI
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.
Featured Stories
- Five stocks we like better than MGP Ingredients
- Is Co-Diagnostics National Security’s Next Diagnostic Pick?
- If the Market Rally Stalls, This ETF Can Insulate Portfolios
- Semtech’s Explosive Rally May Only Be Getting Started
- Hims & Hers Eyes Global Growth: Will $1.15B Eucalyptus Deal Fuel Its Recovery or Dilute Shareholders?
Receive News & Ratings for MGP Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGP Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.
