MGP Ingredients, Inc. Announces Quarterly Dividend of $0.12 (NASDAQ:MGPI)

MGP Ingredients, Inc. (NASDAQ:MGPI) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Friday, March 13th will be given a dividend of 0.12 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, March 13th.

MGP Ingredients has raised its dividend by an average of 0.0%annually over the last three years. MGP Ingredients has a dividend payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MGP Ingredients to earn $3.41 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 14.1%.

MGP Ingredients Price Performance

Shares of MGPI stock opened at $19.74 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 2.78. MGP Ingredients has a fifty-two week low of $19.67 and a fifty-two week high of $35.49. The firm has a market cap of $420.16 million, a P/E ratio of -29.56 and a beta of 0.42. The business’s 50 day moving average price is $24.84 and its 200-day moving average price is $25.47.

MGP Ingredients (NASDAQ:MGPI) last announced its earnings results on Wednesday, February 25th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The company had revenue of $138.32 million during the quarter, compared to the consensus estimate of $132.84 million. MGP Ingredients had a positive return on equity of 9.65% and a negative net margin of 2.56%.The firm’s revenue for the quarter was down 23.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts anticipate that MGP Ingredients will post 5.56 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Karen Seaberg sold 81,616 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $25.84, for a total value of $2,108,957.44. Following the sale, the director directly owned 35,285 shares of the company’s stock, valued at approximately $911,764.40. This represents a 69.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 304,535 shares of company stock valued at $7,509,168 over the last 90 days. Insiders own 34.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. raised its holdings in shares of MGP Ingredients by 130.3% during the second quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock valued at $28,000 after purchasing an additional 529 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of MGP Ingredients by 653.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,304 shares of the company’s stock valued at $32,000 after purchasing an additional 1,131 shares during the period. Global Retirement Partners LLC purchased a new position in shares of MGP Ingredients in the fourth quarter valued at about $32,000. Quadrant Capital Group LLC lifted its holdings in MGP Ingredients by 237.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company’s stock worth $44,000 after purchasing an additional 1,287 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of MGP Ingredients by 278.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock valued at $56,000 after buying an additional 1,386 shares during the last quarter. Hedge funds and other institutional investors own 77.11% of the company’s stock.

About MGP Ingredients

MGP Ingredients, Inc (NASDAQ: MGPI) is a leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries. Headquartered in Atchison, Kansas, the company operates two main facilities—its historic Atchison plant, founded in 1941 as Midwest Grain Products, and a modern distillery in Lawrenceburg, Indiana. MGP Ingredients supplies an array of distillation products under its beverage and ingredient segments, serving brand owners, private-label producers and co-packers worldwide.

The beverage segment features a broad portfolio of premium spirits, including bourbon and rye whiskies, vodka, gin and neutral spirits.