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.
How to Buy Mgp Ingredients Stock
Wondering how to invest in Mgp Ingredients stock? Here's how.
Choose where to buy Mgp Ingredients stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Mgp Ingredients stock.
Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
Deposit funds into your brokerage account: Select your payment method and add your details.
Research Mgp Ingredients stock: The Mgp Ingredients ticker symbol is MGPI. Is Mgp Ingredients stock a good investment? Should you buy shares of MGPI? How do MGPI's underlying business fundamentals look? Do top analysts think Mgp Ingredients is a good buy? Why has MGPI's stock price moved recently? (Hint: Our stock research website can help you evaluate if MGPI is a good stock to buy).
Place your MGPI purchase: Decide if you will purchase MGPI shares at the current market price or use a limit order to buy MGPI stock at a given price.
Track your MGPI investment: Create a watchlist to important notifications about your position in Mgp Ingredients stock.
Step 1: Choose where to buy Mgp Ingredients stock
You will need a brokerage account in order to access the NASDAQ market and buy MGPI shares.
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Step 2: Open your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal information so you are able to invest in MGPI stock today.
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.
Mgp Ingredients stock data
MGPI Price
$100.67
1w %
-6.63%
1y %
-3.78%
5y %
29.15%
P/E
20.38x
P/B
2.74x
P/S
2.77x
PEG
3.13x
Revenue
$802.15M
Earnings
$108.66M
Fore. Rev. Growth
5.09%
Fore. Earn. Growth
7.23%
Market Cap
$2.22B
Next Earnings
Nov 1, 2023
Next Dividend
N/A
MGPI Overview
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis quickly.
There are more short-term assets than short-term liabilities on the MGPI balance sheet.
MGPI earnings of $147.50M is not sufficient to cover its interest payments.
There are more short-term assets than long-term liabilities on the MGPI balance sheet.
Cons:
MGPI profit margin has gone down from 16.1% to 13.5% in the past year.
Total MGPI debt is higher than 5 years ago, relative to shareholder equity.
MGPI has a relatively high debt to equity ratio of 0.73.
MGPI's operating cash flow of $66.07M allows it to safely service it's debt of $338.67M.
Is Mgp Ingredients stock a Buy, Hold, or Sell, according to Wall Street analysts?
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.
Most Recent MGPI Analyst Upgrades/Downgrades
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.
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%.
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.
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.
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Step 5: Place your MGPI purchase
There are two primary options:
Market order: A market order is an order to buy or sell a stock at the best price on the market. Market orders are mostly fine.
Limit order: A limit order enables you to buy or sell a stock at a specific price (or better). If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open button and eToro will place the order.
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How much does it cost to buy one Mgp Ingredients share?
As of Sep 22, 2023, it costs $100.67 to buy one share of Mgp Ingredients stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.099 shares of MGPI.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.