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MGP Ingredients (MGPI)
NASDAQ:MGPI
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MGPI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$38.84 - $102.42
Previous Close$40
Volume1.45M
Average Volume (3M)463.85K
Market Cap
$878.13M
Enterprise Value$1.16B
Total Cash (Recent Filing)$20.77M
Total Debt (Recent Filing)$301.66M
Price to Earnings (P/E)8.3
Beta0.61
Next Earnings
Feb 20, 2025EPS Estimate
$1.5Last Dividend Ex-Date
Nov 15, 2024Dividend Yield1.2%
Share Statistics
EPS (TTM)4.82
Shares Outstanding21,953,283
10 Day Avg. Volume323,136
30 Day Avg. Volume463,851
Standard Deviation0.12
R-Squared0.07
Alpha0.00092
Financial Highlights & Ratios
Price to Book (P/B)0.96
Price to Sales (P/S)1.19
Price to Cash Flow (P/CF)5.00
P/FCF Ratio9.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.57
Enterprise Value/Gross Profit3.80
Enterprise Value/Ebitda10.02
Forecast
1Y Price Target
$55.75Price Target Upside39.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
MGP Ingredients News
PremiumCompany Announcements
MGP Ingredients Announces Leadership Changes and Strategic Focus
Bulls Say, Bears Say
Bulls Say
Acquisition SuccessThe Penelope acquisition appears to have been a success, helping offset softness in other areas.
Sales And Profit GrowthMGPI is a bright spot in a dim spirits backdrop given its high-level of sales visibility & strong profit growth in an environment where larger operators are seeing declines.
Stable Business PerformanceMGP has again proved it has a much more stable business than feared, with Brown Goods sales up 3% in the quarter and Branded Spirits revenue up 11%.
Bears Say
Financial PerformanceMGPI prelim. 3Q results were well-below expectations and the company lowered 2024 guidance.
Market SentimentShares are deservedly getting smoked, down 20% aftermarket, and analyst downgrades to Hold on the breadth of the weakness.
Revenue DeclineThe Brown Goods segment experienced a 22% year-over-year decline in pricing and volume, affecting MGP Ingredients' stock price.
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Ownership Overview
24.99% Insiders
29.91% Mutual Funds
24.95% Other Institutional Investors
4.75% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MGPI FAQ
What was MGP Ingredients’s price range in the past 12 months?
MGP Ingredients lowest stock price was $38.84 and its highest was $102.42 in the past 12 months.
What is MGP Ingredients’s market cap?
Currently, no data Available
When is MGP Ingredients’s upcoming earnings report date?
MGP Ingredients’s upcoming earnings report date is Feb 20, 2025 which is in 60 days.
How were MGP Ingredients’s earnings last quarter?
MGP Ingredients released its earnings results on Oct 31, 2024. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.252 by $0.038.
Is MGP Ingredients overvalued?
According to Wall Street analysts MGP Ingredients’s price is currently Undervalued.
Does MGP Ingredients pay dividends?
MGP Ingredients pays a Quarterly dividend of $0.119 which represents an annual dividend yield of 1.2%. See more information on MGP Ingredients dividends here
What is MGP Ingredients’s EPS estimate?
MGP Ingredients’s EPS estimate is $1.5.
How many shares outstanding does MGP Ingredients have?
MGP Ingredients has 21,953,283 shares outstanding.
What happened to MGP Ingredients’s price movement after its last earnings report?
MGP Ingredients reported an EPS of $1.29 in its last earnings report, beating expectations of $1.252. Following the earnings report the stock price went down -14.703%.
Which hedge fund is a major shareholder of MGP Ingredients?
Among the largest hedge funds holding MGP Ingredients’s share is Southernsun Asset Management, Llc. It holds MGP Ingredients’s shares valued at 55M.
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MGP Ingredients Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$55.75 (39.38% Upside)
$55.75 (39.38% Upside)
Blogger Sentiment
Bullish
MGPI Sentiment 60%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 12.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 3.2%
Last 30 Days ▼ 2.0%
Last 30 Days ▼ 2.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-58.97%
12-Months-Change
Fundamentals
Return on Equity
12.29%
Trailing 12-Months
Asset Growth
5.43%
Trailing 12-Months
Company Description
MGP Ingredients
MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein, and starch food ingredients. It operates through the following segments: Distillery Products and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. This segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. The Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company was founded by Cloud L. Cray in 1941 and is headquartered in Atchison, KS.
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MGPI Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Negative
The earnings call highlighted challenges in the Distilling Solutions and Ingredient Solutions segments, resulting in a significant decline in consolidated sales and profitability. Despite these challenges, there were positive aspects such as growth in the premium plus segment and strong cash flow from operations. However, the negative trends, particularly in whiskey sales, are expected to continue into 2025.Read More>---
MGPI Stock 12 Month Forecast
Average Price Target
$55.75
▲(39.38% Upside)
Technical Analysis
Best Analysts Covering MGPI
1 Year
1 Year Success Rate
8/22 ratings generated profit
1 Year Average Return
-3.28%
reiterated a buy rating last month
Copying Bill Chappell's trades and holding each position for 1 Year would result in 36.36% of your transactions generating a profit, with an average return of -3.28% per trade.
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