Pacer Advisors Inc. Invests $2.28 Million in MGP Ingredients, Inc. $MGPI

Pacer Advisors Inc. bought a new stake in MGP Ingredients, Inc. (NASDAQ:MGPI) in the fourth quarter, HoldingsChannel.com reports. The firm bought 93,752 shares of the company’s stock, valued at approximately $2,278,000.

Several other institutional investors and hedge funds have also modified their holdings of MGPI. Millennium Management LLC increased its position in MGP Ingredients by 349.9% during the fourth quarter. Millennium Management LLC now owns 128,752 shares of the company’s stock worth $3,129,000 after acquiring an additional 100,131 shares during the period. Engineers Gate Manager LP raised its stake in MGP Ingredients by 144.9% in the 4th quarter. Engineers Gate Manager LP now owns 38,286 shares of the company’s stock worth $930,000 after purchasing an additional 22,652 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in MGP Ingredients by 172.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 49,973 shares of the company’s stock valued at $1,214,000 after purchasing an additional 31,609 shares during the period. Trexquant Investment LP bought a new stake in MGP Ingredients in the 4th quarter valued at about $817,000. Finally, Jump Financial LLC acquired a new position in shares of MGP Ingredients during the 4th quarter worth approximately $908,000. 77.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on MGPI shares. Weiss Ratings cut shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. TD Cowen cut their price target 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. Wells Fargo & Company reduced their price target on MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Roth Mkm lowered their price objective on 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, Zacks Research raised MGP Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. 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. Based on data from MarketBeat, MGP Ingredients presently has a consensus rating of “Hold” and a consensus target price of $27.75.

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 shares were sold at an average price of $17.82, for a total transaction of $534,600.00. Following the completion of the transaction, the insider directly owned 500,958 shares in the company, valued at $8,927,071.56. The trade was a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.70% of the stock is owned by company insiders.

MGP Ingredients Trading Up 4.0%

Shares of MGP Ingredients stock opened at $16.90 on Wednesday. The company has a market capitalization of $361.15 million, a price-to-earnings ratio of -1.52 and a beta of 0.46. The company has a quick ratio of 0.56, a current ratio of 2.74 and a debt-to-equity ratio of 0.41. MGP Ingredients, Inc. has a 12-month low of $15.72 and a 12-month high of $33.38. The firm’s 50-day moving average price is $18.17 and its two-hundred day moving average price is $21.06.

MGP Ingredients (NASDAQ:MGPI) last released its earnings results on Wednesday, April 29th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. The firm had revenue of $106.43 million for the quarter, compared to analyst estimates of $105.32 million. MGP Ingredients had a negative net margin of 45.70% and a positive return on equity of 7.48%. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. 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 fiscal year.

MGP Ingredients Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid 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 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.