Exchange: NASDAQ·Updated 12:07 PM EDT
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MGPI MGP Ingredients, Inc.

$13.82
$0.31
(2.19%)
Today
EarningsOct 28
Mkt Cap$302.58M
Vol337,299.00

About MGPI

MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein, and starch food ingredients. It operates through the following segments: Distilling Solutions, Branded Spirits, and Ingredient Solutions. The Distilling Solutions segment consists of food grade alcohol and distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil. It also includes warehouse services, including barrel put away, barrel storage, barrel retrieval services, and blending services. The Branded Spirits segment focuses on producing, importing, and bottling distilled spirits through distilleries and bottling facilities. The Ingredient Solutions segment is involved in specialty wheat starches, specialty wheat proteins, commodity wheat starches, and commodity wheat proteins products. The company was founded by Cloud L. Cray, Sr. in 1941 and is headquartered in Atchison, KS.
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Bearish Sentiment

How do you feel about MGPI?

Aquam
$MGPI Gross. Does this thing ever go anywhere but down? Beat earnings and still just tanks on the daily/monthly/yearly.
bwmiller79
$MGPI they can't possibly sell the company after releasing the MGP 10yr. - that is a statement that MGP Ingredients is going to make a run at market share that has long been held by Beam, Brown Forman, Diageo and Sazerac. That to me is such big news in regards to the direction this company is heading. Stock is very inexpensive. They can still thrive in the distilling solutions business while they grow their in-house labels. Small craft liquor companies can shelve the distilling and focus on attacking local and regional markets with marketing and promotional efforts. Made in the USA. There is a big market opportunity arriving with Beam and Jack Daniels dragging up. Punt the Templeton and the Bulleit bourbon. Punt the Smirnoff. Pearl is poised to take a significant market share in the vodka aisle. All those flavors that Smirnoff and Absolute have on the market. Pearl has them too. MGP!

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