Mgp Ingredients Stock Today

MGPI Stock  USD 86.13  0.33  0.38%   

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Odds Of Distress

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MGP Ingredients is trading at 86.13 as of the 29th of March 2024. This is a 0.38 percent up since the beginning of the trading day. The stock's open price was 85.8. MGP Ingredients has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for MGP Ingredients are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Food, Beverage & Tobacco
IPO Date
20th of October 1988
Category
Consumer Defensive
Classification
Consumer Staples
MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas. MGP Ingredients operates under BeveragesWineries Distilleries classification in the United States and is traded on NASDAQ Exchange. The company has 22.07 M outstanding shares of which 3.83 M shares are now shorted by private and institutional investors with about 12.24 trading days to cover. More on MGP Ingredients

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MGP Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. MGP Ingredients' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MGP Ingredients or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
COO,CEO,President DirectorDavid Bratcher
Thematic IdeaWholesale (View all Themes)
Business ConcentrationDistillers & Vintners, Beverages - Wineries & Distilleries, Consumer Defensive, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Wholesale, Consumer Staples, Beverages, Beverages—Wineries & Distilleries, Consumer Defensive (View all Sectors)
Average Analyst Recommendation
Analysts covering MGP Ingredients report their recommendations after researching MGP Ingredients' financial statements, talking to executives and customers, or listening in on MGP Ingredients' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering MGP Ingredients. The MGP consensus assessment is calculated by taking the average forecast from all of the analysts covering MGP Ingredients.
Financial Strength
Based on the key indicators related to MGP Ingredients' liquidity, profitability, solvency, and operating efficiency, MGP Ingredients may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of MGP Ingredients is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.570.6008
Notably Down
Slightly volatile
Gross Profit Margin0.380.3643
Sufficiently Up
Slightly volatile
Net Debt297.6 M283.5 M
Sufficiently Up
Slightly volatile
Total Current Liabilities119.8 M114.1 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total450.6 M429.2 M
Sufficiently Up
Slightly volatile
Total Assets1.5 B1.4 B
Sufficiently Up
Slightly volatile
Total Current Assets540 M514.3 M
Sufficiently Up
Slightly volatile
MGP Ingredients' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to MGP Ingredients' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MGP Ingredients' financial leverage. It provides some insight into what part of MGP Ingredients' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on MGP Ingredients' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how MGP Ingredients deploys its capital and how much of that capital is borrowed.
Liquidity
MGP Ingredients cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 301.86 M in liabilities with Debt to Equity (D/E) ratio of 0.35, which is about average as compared to similar companies. MGP Ingredients has a current ratio of 4.44, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist MGP Ingredients until it has trouble settling it off, either with new capital or with free cash flow. So, MGP Ingredients' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like MGP Ingredients sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for MGP to invest in growth at high rates of return. When we think about MGP Ingredients' use of debt, we should always consider it together with cash and equity.

Depreciation

13.22 Million
MGP Ingredients (MGPI) is traded on NASDAQ Exchange in USA. It is located in 100 Commercial Street, Atchison, KS, United States, 66002 and employs 705 people. MGP Ingredients is listed under Distillers & Vintners category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.89 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate MGP Ingredients's market, we take the total number of its shares issued and multiply it by MGP Ingredients's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. MGP Ingredients conducts business under Beverages sector and is part of Consumer Staples industry. The entity has 22.07 M outstanding shares of which 3.83 M shares are now shorted by private and institutional investors with about 12.24 trading days to cover. MGP Ingredients currently holds about 37.41 M in cash with 83.78 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.7.
Check MGP Ingredients Probability Of Bankruptcy
Ownership Allocation
MGP Ingredients holds a total of 22.07 Million outstanding shares. The majority of MGP Ingredients outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in MGP Ingredients to benefit from reduced commissions. Therefore, institutional holders are subject to a different set of regulations than regular investors in MGP Ingredients. Please pay attention to any change in the institutional holdings of MGP Ingredients as this could imply that something significant has changed or is about to change at the company. Also note that almost one million seven hundred sixty-five thousand two hundred invesors are currently shorting MGP Ingredients expressing very little confidence in its future performance.
Check MGP Ownership Details

MGP Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of MGP Ingredients jumping above the current price in 90 days from now is about 60.01%. The MGP Ingredients probability density function shows the probability of MGP Ingredients stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.3478. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MGP Ingredients will likely underperform. Additionally, mGP Ingredients has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 86.13HorizonTargetOdds Above 86.13
39.80%90 days
 86.13 
60.01%
Based on a normal probability distribution, the odds of MGP Ingredients to move above the current price in 90 days from now is about 60.01 (This MGP Ingredients probability density function shows the probability of MGP Stock to fall within a particular range of prices over 90 days) .

MGP Stock Institutional Holders

Institutional Holdings refers to the ownership stake in MGP Ingredients that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of MGP Ingredients' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing MGP Ingredients' value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-12-31
282.2 K
Clark Capital Management Group Inc2023-12-31
259.8 K
Raymond James Finl Svs Advisors, Inc.2023-12-31
239.5 K
Victory Capital Management Inc.2023-12-31
220.3 K
Bank Of America Corp2023-12-31
197.9 K
Goldman Sachs Group Inc2023-12-31
196.6 K
Bank Of New York Mellon Corp2023-12-31
174.4 K
Kornitzer Capital Management Inc2023-12-31
173.3 K
Northern Trust Corp2023-12-31
166.7 K
Blackrock Inc2023-12-31
2.7 M
Vanguard Group Inc2023-12-31
1.1 M
View MGP Ingredients Diagnostics

MGP Ingredients Historical Income Statement

MGP Ingredients Income Statement is one of the three primary financial statements used for reporting MGP's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of MGP Ingredients revenue and expense. MGP Ingredients Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, MGP Ingredients' Other Operating Expenses is increasing as compared to previous years. The MGP Ingredients' current Operating Income is estimated to increase to about 156 M, while Depreciation And Amortization is projected to decrease to under 13.1 M. View More Fundamentals

MGP Stock Against Markets

Picking the right benchmark for MGP Ingredients stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MGP Ingredients stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MGP Ingredients is critical whether you are bullish or bearish towards MGP Ingredients at a given time. Please also check how MGP Ingredients' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in MGP Ingredients without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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MGP Ingredients Corporate Directors

MGP Ingredients corporate directors refer to members of a MGP Ingredients board of directors. The board of directors generally takes responsibility for the MGP Ingredients' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MGP Ingredients' board members must vote for the resolution. The MGP Ingredients board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
John BridendallIndependent DirectorProfile
Mary StrandjordIndependent DirectorProfile
George PageIndependent DirectorProfile
Jeannine StrandjordIndependent DirectorProfile

How to buy MGP Stock?

Before investing in MGP Ingredients, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in MGP Ingredients. To buy MGP Ingredients stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of MGP Ingredients. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase MGP Ingredients stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located MGP Ingredients stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased MGP Ingredients stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as MGP Ingredients, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy MGP Stock please use our How to Invest in MGP Ingredients guide.

Already Invested in MGP Ingredients?

The danger of trading MGP Ingredients is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MGP Ingredients is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MGP Ingredients. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MGP Ingredients is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether MGP Ingredients offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MGP Ingredients' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mgp Ingredients Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mgp Ingredients Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGP Ingredients. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more detail on how to invest in MGP Stock please use our How to Invest in MGP Ingredients guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running MGP Ingredients' price analysis, check to measure MGP Ingredients' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGP Ingredients is operating at the current time. Most of MGP Ingredients' value examination focuses on studying past and present price action to predict the probability of MGP Ingredients' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGP Ingredients' price. Additionally, you may evaluate how the addition of MGP Ingredients to your portfolios can decrease your overall portfolio volatility.
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Is MGP Ingredients' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGP Ingredients. If investors know MGP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGP Ingredients listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.38
Dividend Share
0.48
Earnings Share
4.8
Revenue Per Share
37.921
Quarterly Revenue Growth
0.125
The market value of MGP Ingredients is measured differently than its book value, which is the value of MGP that is recorded on the company's balance sheet. Investors also form their own opinion of MGP Ingredients' value that differs from its market value or its book value, called intrinsic value, which is MGP Ingredients' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGP Ingredients' market value can be influenced by many factors that don't directly affect MGP Ingredients' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGP Ingredients' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGP Ingredients is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGP Ingredients' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.