MGP Ingredients, Inc. , together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; and Ingredient Solutions.
Mgp Ingredients stock last closed at $100.67, down 0.56% from the previous day, and has decreased 3.78% in one year. It has underperformed other stocks in the Beverages - Wineries & Distilleries industry by 0 percentage points. Mgp Ingredients stock is currently +11.01% from its 52-week low of $90.69, and -19.94% from its 52-week high of $125.74.
At the moment, there are 22.02M shares of MGPI outstanding. The market capitalization of MGPI is $2.22B. In the last 24 hours, 97,467 MGPI shares were traded.
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Once you have chosen the best place to buy Mgp Ingredients stock, it's crucial to research their stock before you buy, so you can wrap your head around the risk as well as the upside.
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You can see all of the due diligence checks on MGPI's stock page.
You can use many financial metrics, analyses, models, and charts to gauge MGPI's true value.
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You can access additional valuation research on MGPI's stock here.
Out of 2 Equities analysts who give forecasts on MGPI, the consensus analyst rating on Mgp Ingredients is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Bill Chappell, a bottom 11% analyst from Truist Securities reiterates MGPI with a strong buy rating and maintains their MGPI price target from $140.00 to $140.00, on Sep 6, 2023.
Gerald Pascarelli, a top 36% analyst from Wedbush reiterates MGPI with a buy rating and maintains their MGPI price target from $128.00 to $128.00, on May 18, 2023.
You can dive deeper into what analysts are projecting on the Mgp Ingredients stock forecast page.
Last year, MGPI earnings were $108.66M. In the last five year, MGPI's earnings have grown by 14.41% per year. This was faster than the Beverages - Wineries & Distilleries industry average of 3.14%.
Last year, MGPI revenue was $802.15M. During the last 5 year, MGPI's revenue has grown by 17.99% per year. This was faster than the Beverages - Wineries & Distilleries industry average of 6.13%.
You can analyze MGPI's earnings and revenue performance here.
Over the last year, executives and large shareholders at MGPI have sold more shares than they have bought.
2013 Irrevocable Trust Dated April 2. 2013 Cnl, 10% Owner of MGPI, was the latest MGPI insider to sell. They sold $11,563.00 worth of MGPI shares on Sep 7, 2023.
Learn more about who owns MGPI shares here.
Mgp Ingredients pays a dividend of 0.48%, compared to the Beverages - Wineries & Distilleries industry's average dividend yield of 1.46%. If you owned $1,000 of MGPI stock, you would have been paid $4.77 in the past year.
Mgp Ingredients dividend payments have consistently grown over the past decade but have not remained stable.
Find more analysis about Mgp Ingredients dividend yield and history here.
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