MGP Ingredients (NASDAQ:MGPI) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

MGP Ingredients, Inc. (NASDAQ:MGPI) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.11 and traded as low as $18.43. MGP Ingredients shares last traded at $18.81, with a volume of 311,122 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on MGPI shares. Wall Street Zen cut MGP Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Zacks Research downgraded shares of MGP Ingredients from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MGP Ingredients in a report on Thursday, January 22nd. Roth Mkm dropped their price objective 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. Finally, TD Cowen cut their target price on shares of MGP Ingredients from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

MGP Ingredients Stock Up 0.6%

The stock has a market cap of $401.78 million, a P/E ratio of -3.78 and a beta of 0.44. The firm has a 50 day simple moving average of $24.22 and a two-hundred day simple moving average of $25.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.70 and a current ratio of 2.61.

MGP Ingredients (NASDAQ:MGPI) last announced its earnings results on Wednesday, February 25th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The firm had revenue of $138.32 million during the quarter, compared to analyst estimates of $132.84 million. MGP Ingredients had a negative net margin of 19.82% and a positive return on equity of 7.46%. MGP Ingredients’s revenue was down 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Equities research analysts predict that MGP Ingredients, Inc. will post 5.56 earnings per share for the current year.

MGP Ingredients Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.12 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.6%. MGP Ingredients’s dividend payout ratio is -9.64%.

Insiders Place Their Bets

In other news, Director Karen Seaberg sold 81,616 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $25.84, for a total transaction of $2,108,957.44. Following the completion of the transaction, the director owned 35,285 shares in the company, valued at approximately $911,764.40. This trade represents a 69.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have sold 304,535 shares of company stock valued at $7,509,168. 34.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MGP Ingredients

A number of institutional investors and hedge funds have recently modified their holdings of MGPI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $248,000 after buying an additional 390 shares in the last quarter. Illumine Investment Management LLC increased its stake in shares of MGP Ingredients by 2.3% during the 3rd quarter. Illumine Investment Management LLC now owns 18,903 shares of the company’s stock worth $457,000 after purchasing an additional 433 shares during the last quarter. Counterpoint Mutual Funds LLC raised its holdings in MGP Ingredients by 2.2% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 20,737 shares of the company’s stock valued at $504,000 after buying an additional 440 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of MGP Ingredients by 130.3% in the 2nd quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock valued at $28,000 after acquiring an additional 529 shares in the last quarter. Finally, Mairs & Power Inc. grew its stake in MGP Ingredients by 0.4% in the 3rd quarter. Mairs & Power Inc. now owns 176,393 shares of the company’s stock valued at $4,267,000 after buying an additional 619 shares during the last quarter. Institutional investors and hedge funds own 77.11% 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.