MGP Ingredients (NASDAQ:MGPI) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.11 and traded as low as $18.43. MGP Ingredients shares last traded at $18.81, with a volume of 311,122 shares.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MGPI shares. Wall Street Zen cut shares of MGP Ingredients from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Roth Mkm dropped their target price on shares of MGP Ingredients from $41.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MGP Ingredients in a research report on Thursday, January 22nd. Zacks Research cut MGP Ingredients from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Finally, Benchmark initiated coverage on MGP Ingredients in a research note on Thursday, January 22nd. They issued a “buy” rating and a $35.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, MGP Ingredients presently has an average rating of “Hold” and a consensus target price of $30.00.

MGP Ingredients Price Performance

The firm’s 50-day moving average is $24.11 and its 200-day moving average is $25.03. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.61 and a quick ratio of 0.70. The company has a market capitalization of $397.94 million, a P/E ratio of -3.74 and a beta of 0.44.

MGP Ingredients (NASDAQ:MGPI) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.14. The business had revenue of $138.32 million for the quarter, compared to the consensus estimate of $132.84 million. MGP Ingredients had a negative net margin of 19.82% and a positive return on equity of 7.46%. The company’s quarterly revenue was down 23.5% on a year-over-year basis. During the same period last year, the firm earned $1.57 earnings per share. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Analysts predict that MGP Ingredients, Inc. will post 5.56 EPS for the current fiscal year.

MGP Ingredients Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 13th. This represents a $0.48 annualized dividend and a yield of 2.6%. MGP Ingredients’s payout ratio is -9.64%.

Insider Transactions at MGP Ingredients

In other MGP Ingredients news, Director Karen Seaberg sold 81,616 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 35,285 shares in the company, valued at $911,764.40. This represents a 69.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 304,535 shares of company stock worth $7,509,168 over the last three months. Insiders own 34.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its stake in MGP Ingredients by 130.3% during the 2nd quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 529 shares during the period. Nisa Investment Advisors LLC raised its stake in 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 MGP Ingredients in the 4th quarter worth approximately $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 boosted its stake in MGP Ingredients by 278.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock worth $56,000 after purchasing an additional 1,386 shares during the period. 77.11% of the stock is currently owned by institutional investors.

MGP Ingredients Company Profile

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.