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How to Buy Mgp Ingredients Stock

Mgp Ingredients Inc

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 $76.58, up 0.62% from the previous day, and has decreased 31.07% in one year. It has underperformed other stocks in the Beverages - Wineries & Distilleries industry by 0.12 percentage points. Mgp Ingredients stock is currently +11.21% from its 52-week low of $68.86, and -38.71% from its 52-week high of $124.96.

At the moment, there are 22.01M shares of MGPI outstanding. The market capitalization of MGPI is $1.69B. In the last 24 hours, 180,052 MGPI shares were traded.

How to Buy Mgp Ingredients Stock

Wondering how to invest in Mgp Ingredients stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Select your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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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.

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Step 3: Deposit funds into your brokerage account

Now that you've filled out your info on the best stock market app, you can securely and quickly fund your account:

Check out this video walkthrough for more details transferring funds into your brokerage account.

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Step 4: Research Mgp Ingredients stock

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
$76.58
1w %
8.59%
1y %
-31.07%
5y %
13.92%
P/E
17.65x
P/B
1.94x
P/S
2.1x
PEG
0.79x
Revenue
$806.08M
Earnings
$96.03M
Fore. Rev. Growth
-0.44%
Fore. Earn. Growth
24.91%
Market Cap
$1.69B
Next Earnings
Aug 1, 2024
Next Dividend
N/A

MGPI Overview

WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis quickly.

You can see all of the due diligence checks on MGPI's stock page.

Is MGPI stock properly valued?

You can use many financial metrics, analyses, models, and charts to gauge MGPI's true value.

Using relative valuations metrics:

  • MGPI may be overvalued based on its P/E ratio of 17.65x, relative to Beverages - Wineries & Distilleries industry P/E ratio of 16.83x
  • MGPI may be undervalued based on its P/B ratio of 1.94x, relative to Beverages - Wineries & Distilleries industry P/B ratio of 5.5x
  • MGPI may be undervalued based on its PEG ratio of 0.79x

You can access additional valuation research on MGPI's stock here.

MGPI Financial Overview

Pros:

  • There are more short-term assets than short-term liabilities on the MGPI balance sheet.
  • MGPI's operating cash flow of $103.39M allows it to safely service it's debt of $310.05M.
  • There are more short-term assets than long-term liabilities on the MGPI balance sheet.
  • MGPI earnings of $135.93M is not sufficient to cover its interest payments.

Cons:

  • MGPI profit margin has gone down from 13% to 11.9% 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 0.61.

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.

You can dive deeper into what analysts are saying on the Mgp Ingredients stock forecast page.

MGPI Trading Indicators

SMA10
73.01
SMA20
73.36
SMA50
76.11
SMA100
78.98
SMA200
86.51
MACD
-0.4
MACD Signal
-0.97
MACD Histogram
0.57
RSI
58.1
Stochastic %K
92.46
Stochastic %D
67.51
StochRSI %K
100
StochRSI %D
71.43

How are MGPI Revenues/Earnings doing?

Last year, MGPI earnings were $96.03M. In the last 5 year, MGPI's earnings have gone up by 14.35% per year. This was faster than the Beverages - Wineries & Distilleries industry average of 4.16%.

Last year, MGPI revenue was $806.08M. During the past five year, MGPI's revenue has increased by 16.4% per year. This was faster than the Beverages - Wineries & Distilleries industry average of 6.82%.

Learn more about MGPI's earnings and revenue performance here.

Latest Insiders Trades at MGPI

Over the last year, executives and large shareholders at MGPI have sold more shares than they have bought.

Thomas A. Gerke, Director of MGPI, was the latest MGPI insider to buy. They bought $21,216.13 worth of MGPI shares on Jul 4, 2024.

Dig into more about who owns MGPI stock here.

Can I get consistent income from MGPI stock?

Mgp Ingredients pays a dividend of 0.63%, compared to the Beverages - Wineries & Distilleries industry's average dividend yield of 1.45%. If you owned $1,000 of MGPI stock, you would have received $6.27 last year.

Mgp Ingredients dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more data about Mgp Ingredients dividend yield and history here.

MGPI Social Trading Data

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Step 5: Place your MGPI purchase

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at an exact dollar amount, use a limit order.

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Step 6: Track your MGPI investment

Now that you own some shares in MGPI, you'll want to stay up-to-date on your new company.

Start a watchlist to track the most important metrics related to your MGPI stock.

MGPI Feed

How to Buy Stock in Mgp Ingredients

To summarize, here are the 6 steps for buying Mgp Ingredients stock:

  1. Choose where to buy Mgp Ingredients stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Mgp Ingredients stock
  5. Place your MGPI purchase
  6. Track your MGPI investment

If you are looking for a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to monitor your investment in Mgp Ingredients, add MGPI to your watchlist below.

NASDAQ: MGPI
$76.58+0.47 (+0.62%)
Updated Jul 15, 2024
Open eToro Account
NASDAQ: MGPI
$76.58+0.47 (+0.62%)
Updated Jul 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Mgp Ingredients share?

As of Jul 15, 2024, it costs $76.58 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 0.131 shares of MGPI.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Mgp Ingredients stock?

According to 2 Wall Street analysts who monitor Mgp Ingredients, their consensus recommendation is to buy Mgp Ingredients stock.

What is the best way to buy Mgp Ingredients stock?

One way to place an order for Mgp Ingredients stock is with a brokerage account.
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.