MGP Ingredients (NASDAQ:MGPI) Insider Paul Lux Sells 33,000 Shares of Stock

MGP Ingredients, Inc. (NASDAQ:MGPI) insider Paul Lux sold 33,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $17.76, for a total transaction of $586,080.00. Following the completion of the transaction, the insider owned 550,458 shares of the company’s stock, valued at approximately $9,776,134.08. The trade was a 5.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MGP Ingredients Stock Performance

MGPI stock opened at $17.95 on Tuesday. The stock’s 50 day simple moving average is $17.39 and its 200 day simple moving average is $18.83. The company has a current ratio of 6.99, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61. MGP Ingredients, Inc. has a 12-month low of $15.72 and a 12-month high of $30.01. The stock has a market capitalization of $384.31 million, a PE ratio of -1.59 and a beta of 0.47.

MGP Ingredients (NASDAQ:MGPI) last posted its earnings results on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.23. MGP Ingredients had a positive return on equity of 7.41% and a negative net margin of 48.08%.The business had revenue of $124.36 million during the quarter, compared to analyst estimates of $125.16 million. During the same quarter last year, the company earned $0.97 EPS. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, research analysts forecast that MGP Ingredients, Inc. will post 1.65 earnings per share for the current fiscal year.

MGP Ingredients Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Zacks Research upgraded shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. TD Cowen lifted their price target on shares of MGP Ingredients from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Wells Fargo & Company boosted their price objective on shares of MGP Ingredients from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of MGP Ingredients in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, MGP Ingredients presently has an average rating of “Hold” and an average target price of $27.25.

Institutional Trading of MGP Ingredients

Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its holdings in 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 buying an additional 529 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of MGP Ingredients during the 4th quarter worth $32,000. Legal & General Group Plc purchased a new position in shares of MGP Ingredients during the 2nd quarter worth $28,000. Quadrant Capital Group LLC grew its position in shares of 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 acquiring an additional 1,287 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of 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 acquiring an additional 1,386 shares during the period. 77.11% of the stock is currently owned by institutional investors.

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.