2 weeks Ago By ABMN Staff
MGP Ingredients, Inc. ( NASDAQ:MGPI – Free Report ) – Analysts at Roth Capital cut their Q4 2024 EPS estimates for shares of MGP Ingredients in a research report issued on Friday, November 1st. Roth Capital analyst S.
Mcgowan now expects that the company will post earnings of $1.48 per share for the quarter, down from their prior forecast of $1.54.
The consensus estimate for MGP Ingredients’ current full-year earnings is $5.58 per share. Roth Capital also issued estimates for MGP Ingredients’ Q4 2025 earnings at $1.
33 EPS and Q3 2026 earnings at $1.33 EPS. MGPI has been the topic of a number of other research reports.
Lake Street Capital lowered MGP Ingredients from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $75.00 in a research note on Friday, October 18th.
Roth Mkm decreased their target price on MGP Ingredients from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday.
Loop Capital set a $75.00 price objective on shares of MGP Ingredients in a research note on Friday, October 18th. Truist Financial lowered their target price on MGP Ingredients from $85.
00 to $75.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, StockNews.
com raised shares of MGP Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.
00. MGP Ingredients Trading Up 1.0 % Shares of MGPI stock opened at $46.
95 on Monday. The company has a quick ratio of 1.94, a current ratio of 6.
46 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.
03 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.74 and a beta of 0.
66. The business’s 50 day moving average is $76.84 and its two-hundred day moving average is $78.
18. MGP Ingredients has a 12 month low of $45.44 and a 12 month high of $102.
42. MGP Ingredients ( NASDAQ:MGPI – Get Free Report ) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.
29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02.
MGP Ingredients had a net margin of 14.44% and a return on equity of 14.39%.
The business had revenue of $161.50 million for the quarter, compared to analysts’ expectations of $161.55 million.
During the same quarter last year, the company earned $1.34 EPS. The company’s revenue for the quarter was down 23.
7% compared to the same quarter last year. Institutional Investors Weigh In On MGP Ingredients A number of hedge funds have recently added to or reduced their stakes in MGPI. Vanguard Group Inc.
grew its stake in shares of MGP Ingredients by 2.9% in the 4th quarter. Vanguard Group Inc.
now owns 1,126,323 shares of the company’s stock worth $110,965,000 after buying an additional 31,839 shares in the last quarter. Norden Group LLC purchased a new stake in shares of MGP Ingredients in the first quarter worth about $261,000. Janney Montgomery Scott LLC purchased a new position in shares of MGP Ingredients during the 1st quarter valued at approximately $495,000.
FORA Capital LLC acquired a new position in shares of MGP Ingredients during the 1st quarter worth approximately $287,000. Finally, Mutual of America Capital Management LLC raised its stake in MGP Ingredients by 239.2% during the first quarter.
Mutual of America Capital Management LLC now owns 64,557 shares of the company’s stock worth $5,560,000 after purchasing an additional 45,527 shares during the period. 77.11% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling In other news, Director Karen Seaberg sold 1,109 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $90.14, for a total value of $99,965.
26. Following the sale, the director now directly owns 134,969 shares of the company’s stock, valued at approximately $12,166,105.66.
This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link .
36.20% of the stock is currently owned by insiders. MGP Ingredients Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th.
Shareholders of record on Friday, November 15th will be paid a $0.12 dividend. This represents a $0.
48 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, November 15th.
MGP Ingredients’s dividend payout ratio is presently 9.98%. MGP Ingredients Company Profile ( Get Free Report ) MGP Ingredients, Inc, together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally.
The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions. Featured Stories 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 .
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