Tieton Capital Management LLC Takes Position in MGP Ingredients, Inc. $MGPI

Tieton Capital Management LLC acquired a new stake in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 642,260 shares of the company’s stock, valued at approximately $11,252,000. MGP Ingredients accounts for approximately 3.2% of Tieton Capital Management LLC’s holdings, making the stock its 15th biggest holding.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in MGP Ingredients during the second quarter worth $22,258,000. Deutsche Bank AG purchased a new position in shares of MGP Ingredients in the 2nd quarter valued at $423,000. Global Retirement Partners LLC bought a new position in shares of MGP Ingredients in the 2nd quarter worth $55,000. Bank of New York Mellon Corp bought a new position in shares of MGP Ingredients in the 2nd quarter worth $785,000. Finally, Palouse Capital Management Inc. lifted its stake in shares of MGP Ingredients by 187.2% during the 2nd quarter. Palouse Capital Management Inc. now owns 8,805 shares of the company’s stock worth $154,000 after purchasing an additional 5,739 shares during the last quarter. Institutional investors own 77.11% of the company’s stock.

MGP Ingredients Trading Up 3.3%

Shares of NASDAQ:MGPI opened at $18.07 on Thursday. The business’s 50-day moving average is $17.30 and its 200 day moving average is $18.98. MGP Ingredients, Inc. has a 1 year low of $15.72 and a 1 year high of $30.60. The firm has a market capitalization of $386.88 million, a P/E ratio of -1.60 and a beta of 0.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 6.99 and a quick ratio of 1.65.

MGP Ingredients (NASDAQ:MGPI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.23. MGP Ingredients had a positive return on equity of 7.41% and a negative net margin of 48.08%.The business had revenue of $124.36 million during the quarter, compared to the consensus estimate of $125.16 million. During the same quarter last year, the company earned $0.97 earnings per share. The company’s quarterly 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. On average, research analysts predict that MGP Ingredients, Inc. will post 1.65 earnings per share for the current fiscal year.

MGP Ingredients Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 14th. MGP Ingredients’s payout ratio is currently -4.26%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MGPI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MGP Ingredients in a research report on Friday, July 31st. Wells Fargo & Company increased their price target on shares of MGP Ingredients from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Zacks Research raised shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, TD Cowen raised their price target on shares of MGP Ingredients from $18.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.25.

Insiders Place Their Bets

In other MGP Ingredients news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were 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. This represents a 5.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 31.70% 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.