Unison Advisors LLC Invests $719,000 in MGP Ingredients, Inc. $MGPI

Unison Advisors LLC purchased a new stake in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 29,584 shares of the company’s stock, valued at approximately $719,000.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC acquired a new position in MGP Ingredients in the first quarter worth approximately $735,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in MGP Ingredients by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,446 shares of the company’s stock valued at $248,000 after acquiring an additional 390 shares in the last quarter. Millennium Management LLC lifted its stake in MGP Ingredients by 116.6% in the first quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock valued at $10,571,000 after acquiring an additional 193,660 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in MGP Ingredients by 10.0% in the first quarter. Goldman Sachs Group Inc. now owns 158,879 shares of the company’s stock valued at $4,668,000 after acquiring an additional 14,501 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in MGP Ingredients by 9.4% in the second quarter. JPMorgan Chase & Co. now owns 157,579 shares of the company’s stock worth $4,723,000 after acquiring an additional 13,556 shares in the last quarter. Institutional investors own 77.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MGPI shares. Benchmark started coverage on shares of MGP Ingredients in a report on Thursday, January 22nd. They set a “buy” rating and a $35.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Weiss Ratings reissued a “sell (d)” rating on shares of MGP Ingredients in a research report on Thursday, January 22nd. Wall Street Zen lowered MGP Ingredients from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Zacks Research cut MGP Ingredients from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.00.

MGP Ingredients Price Performance

NASDAQ MGPI opened at $18.49 on Monday. The company has a current ratio of 2.61, a quick ratio of 0.70 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $21.49 and a 200 day simple moving average of $23.45. The company has a market cap of $394.95 million, a P/E ratio of -3.71 and a beta of 0.45. MGP Ingredients, Inc. has a 1 year low of $16.45 and a 1 year high of $34.99.

MGP Ingredients (NASDAQ:MGPI) last announced its earnings results on Wednesday, February 25th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.49 by $0.14. The firm 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 business’s quarterly revenue was down 23.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts predict that MGP Ingredients, Inc. will post 5.56 EPS for the current year.

MGP Ingredients Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.12 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. MGP Ingredients’s payout ratio is presently -9.64%.

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.