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

MGP Ingredients, Inc. (NASDAQ:MGPI) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.12 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, May 15th.

MGP Ingredients has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect MGP Ingredients to earn $2.00 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 24.0%.

MGP Ingredients Stock Performance

MGPI opened at $19.63 on Thursday. The business’s 50-day simple moving average is $19.35 and its 200 day simple moving average is $22.78. MGP Ingredients has a 52-week low of $16.45 and a 52-week high of $34.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.70 and a current ratio of 2.61. The firm has a market capitalization of $419.37 million, a PE ratio of -3.80 and a beta of 0.45.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. MGP Ingredients had a positive return on equity of 7.46% and a negative net margin of 19.82%.The company had revenue of $106.43 million for the quarter, compared to analysts’ expectations of $106.82 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was down 12.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts expect that MGP Ingredients will post 1.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its stake in MGP Ingredients by 130.3% in the 2nd 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 raised its position 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 buying an additional 1,131 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of MGP Ingredients in the fourth quarter valued at approximately $32,000. Quadrant Capital Group LLC grew its position in MGP Ingredients by 237.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company’s stock worth $44,000 after buying an additional 1,287 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in MGP Ingredients by 278.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock worth $56,000 after buying an additional 1,386 shares in the last quarter. 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.