220,082 Shares in MGP Ingredients, Inc. $MGPI Acquired by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. bought a new position in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 220,082 shares of the company’s stock, valued at approximately $5,348,000.

Several other large investors have also added to or reduced their stakes in MGPI. AQR Capital Management LLC bought a new stake in shares of MGP Ingredients in the 1st quarter valued at $735,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $248,000 after acquiring an additional 390 shares in the last quarter. Millennium Management LLC boosted its stake in MGP Ingredients by 116.6% during the first quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock worth $10,571,000 after acquiring an additional 193,660 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in MGP Ingredients by 10.0% during the first quarter. Goldman Sachs Group Inc. now owns 158,879 shares of the company’s stock worth $4,668,000 after acquiring an additional 14,501 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in MGP Ingredients by 9.4% during 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 and hedge funds own 77.11% of the company’s stock.

Wall Street Analysts Forecast Growth

MGPI has been the topic of several research analyst reports. Roth Mkm cut their target price on shares of MGP Ingredients from $41.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings lowered shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Benchmark initiated coverage on shares of MGP Ingredients in a research note on Thursday, January 22nd. They set a “buy” rating and a $35.00 target price on the stock. TD Cowen reduced their price objective on MGP Ingredients from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen cut MGP Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MGP Ingredients presently has a consensus rating of “Hold” and an average price target of $27.75.

MGP Ingredients Stock Performance

Shares of MGP Ingredients stock opened at $18.23 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.56 and a current ratio of 2.74. MGP Ingredients, Inc. has a 52 week low of $16.45 and a 52 week high of $33.38. The stock has a 50 day moving average price of $18.78 and a two-hundred day moving average price of $22.40. The stock has a market capitalization of $389.58 million, a PE ratio of -1.64 and a beta of 0.49.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.The firm had revenue of $106.43 million during the quarter, compared to analysts’ expectations of $105.32 million. During the same quarter last year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter 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, equities analysts anticipate that MGP Ingredients, Inc. will post 1.6 earnings per share for the current fiscal year.

MGP Ingredients Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, May 15th. MGP Ingredients’s dividend payout ratio (DPR) is -4.31%.

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.