TD Cowen Issues Positive Forecast for MGP Ingredients (NASDAQ:MGPI) Stock Price

MGP Ingredients (NASDAQ:MGPI) had its price target hoisted by TD Cowen from $18.00 to $20.00 in a report released on Thursday morning,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of MGP Ingredients from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings downgraded shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Finally, Zacks Research upgraded shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, MGP Ingredients currently has a consensus rating of “Hold” and a consensus target price of $27.25.

MGP Ingredients Stock Performance

NASDAQ MGPI opened at $17.74 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 6.99 and a quick ratio of 0.56. MGP Ingredients has a 1-year low of $15.72 and a 1-year high of $31.75. The firm has a market capitalization of $379.10 million, a P/E ratio of -1.58 and a beta of 0.46. The business’s 50-day simple moving average is $17.15 and its 200-day simple moving average is $19.67.

MGP Ingredients (NASDAQ:MGPI) last posted its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.23. MGP Ingredients had a negative net margin of 48.08% and a positive return on equity of 7.41%. The firm had revenue of $124.36 million during the quarter, compared to the consensus estimate of $125.16 million. During the same quarter in the prior year, the company earned $0.97 EPS. The company’s revenue was down 14.5% on a year-over-year basis. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Equities analysts predict that MGP Ingredients will post 1.6 EPS for the current year.

MGP Ingredients Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, August 14th. MGP Ingredients’s dividend payout ratio (DPR) is presently -4.26%.

Insider Activity at MGP Ingredients

In related news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.82, for a total transaction of $534,600.00. Following the transaction, the insider directly owned 500,958 shares of the company’s stock, valued at approximately $8,927,071.56. The trade was a 5.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 31.70% of the company’s stock.

Institutional Trading of MGP Ingredients

Hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its position in shares of MGP Ingredients by 130.3% during the second quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock worth $28,000 after purchasing an additional 529 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of MGP Ingredients by 653.8% in the fourth 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 acquired a new stake in MGP Ingredients during the 4th quarter valued at $32,000. Quadrant Capital Group LLC grew its holdings in MGP Ingredients by 237.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company’s stock valued at $44,000 after purchasing an additional 1,287 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in MGP Ingredients by 278.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock valued at $56,000 after purchasing an additional 1,386 shares in the last quarter. Hedge funds and other institutional investors own 77.11% of the company’s stock.

Key MGP Ingredients News

Here are the key news stories impacting MGP Ingredients this week:

• Positive Sentiment: Second-quarter adjusted EPS was $0.72, well above the $0.49 analyst consensus. However, earnings declined from $0.97 in the year-earlier quarter. MGP Q2 Earnings Top Estimates
• Positive Sentiment: Wells Fargo raised its price target from $21 to $22 and upgraded or maintained an overweight rating, implying meaningful upside based on the referenced share price. Benzinga analyst action
• Positive Sentiment: TD Cowen increased its price target from $18 to $20 while maintaining a hold rating, signaling improved valuation expectations despite limited conviction. Benzinga analyst action
• Positive Sentiment: MGP declared a quarterly dividend of $0.12 per share, payable August 28 to shareholders of record August 14. The dividend provides ongoing income support, with an indicated annualized yield of approximately 2.5%.
• Neutral Sentiment: Fiscal 2026 guidance calls for EPS of $1.50–$1.80 and revenue of $480 million–$500 million. The midpoint is broadly aligned with analyst expectations, offering little immediate forecast surprise. MGP Ingredients Q2 2026 earnings call transcript
• Negative Sentiment: Quarterly revenue was $124.36 million, slightly below the $125.16 million consensus and down 14.5% year over year. The revenue decline and weaker earnings versus last year likely overshadowed the EPS beat.

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.