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

MGP Ingredients, Inc. (NASDAQ:MGPI) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.12 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th.

MGP Ingredients has a payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect MGP Ingredients to earn $2.06 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 23.3%.

MGP Ingredients Stock Up 0.9%

NASDAQ:MGPI opened at $18.88 on Thursday. MGP Ingredients has a 12-month low of $15.72 and a 12-month high of $31.75. The company has a quick ratio of 0.56, a current ratio of 2.74 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $403.47 million, a P/E ratio of -1.69 and a beta of 0.46. The stock’s fifty day simple moving average is $17.16 and its 200-day simple moving average is $19.72.

MGP Ingredients (NASDAQ:MGPI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.23. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.The business 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 posted $0.97 earnings per share. The firm’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 research analysts expect that MGP Ingredients will post 1.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MGPI shares. TD Cowen reduced their price objective on shares of MGP Ingredients from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Friday, June 26th. Wells Fargo & Company reduced their price target on shares of MGP Ingredients from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings lowered shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.50.

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.