Hsbc Holdings PLC Raises Stock Holdings in MGP Ingredients, Inc. $MGPI

Hsbc Holdings PLC lifted its holdings in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) by 320.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 51,157 shares of the company’s stock after purchasing an additional 38,999 shares during the quarter. Hsbc Holdings PLC’s holdings in MGP Ingredients were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Federated Hermes Inc. raised its position in MGP Ingredients by 45.7% in the 4th quarter. Federated Hermes Inc. now owns 1,437,836 shares of the company’s stock valued at $34,939,000 after purchasing an additional 450,713 shares during the last quarter. Tieton Capital Management LLC purchased a new stake in shares of MGP Ingredients in the fourth quarter valued at about $5,998,000. Dana Investment Advisors Inc. purchased a new stake in shares of MGP Ingredients in the fourth quarter valued at about $5,348,000. Clark Capital Management Group Inc. acquired a new stake in shares of MGP Ingredients during the fourth quarter worth about $4,896,000. Finally, Millennium Management LLC boosted its stake in shares of 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 buying an additional 193,660 shares during the period. 77.11% of the stock is owned by institutional investors and hedge funds.

MGP Ingredients Stock Down 0.9%

Shares of MGP Ingredients stock opened at $17.36 on Thursday. MGP Ingredients, Inc. has a one year low of $15.72 and a one year high of $33.38. The company has a market cap of $370.98 million, a P/E ratio of -1.56 and a beta of 0.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.56 and a current ratio of 2.74. The firm has a fifty day moving average of $17.83 and a two-hundred day moving average of $20.71.

MGP Ingredients (NASDAQ:MGPI) last issued its earnings results on Wednesday, April 29th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. MGP Ingredients had a negative net margin of 45.70% and a positive return on equity of 7.48%. The business had revenue of $106.43 million for the quarter, compared to the consensus estimate of $105.32 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The business’s quarterly 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. On average, analysts forecast that MGP Ingredients, Inc. will post 1.6 earnings per share for the current year.

MGP Ingredients Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. MGP Ingredients’s payout ratio is currently -4.31%.

Insider Transactions at MGP Ingredients

In other MGP Ingredients news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.82, for a total transaction of $534,600.00. Following the transaction, the insider owned 500,958 shares in the company, valued at approximately $8,927,071.56. The trade was a 5.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 31.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MGPI. Zacks Research upgraded MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. TD Cowen decreased their price objective on MGP Ingredients from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Friday, June 26th. Finally, Weiss Ratings downgraded MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MGP Ingredients has an average rating of “Hold” and an average target price of $27.25.

MGP Ingredients Company Profile

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.