Vmbook Online ordering

Mgp Ingredients Inc

MGP Ingredients, Inc. (symbol: MGPI) is a publicly traded company that operates in the Processed Packaged Goods sector, specifically in the area of specialty food ingredients. The company's headquarters is located in Atchison, Kansas.

Here is some general information about MGP Ingredients, Inc.:

1. Stock Information: As of March 23, 2023, MGPI's stock price is around $36.35 per share, with a market capitalization of approximately $714 million. The stock trades on the New York Stock Exchange (NYSE).

2. Financials: In the last fiscal year (2022), MGP Ingredients reported net sales of $534.8 million, which represents a year-over-year increase of 15.5% compared to the previous fiscal year (2021). The company's net income for 2022 was $50.2 million, representing an increase of 42.8% compared to 2021.

3. Earnings: In the most recent quarter (Q4 of 2022), MGP Ingredients reported net sales of $147.8 million, representing a year-over-year increase of 12.7%. The company's net income for Q4 of 2022 was $8.6 million, representing a year-over-year increase of 19.4%.

4. Dividends: MGP Ingredients pays a quarterly dividend of $0.26 per share. The company has a dividend yield of 2.59% and has increased its dividend every year since 2015.

5. Growth: MGP Ingredients has seen consistent growth in recent years. The company's net sales have increased at a compound annual growth rate (CAGR) of 11.5% over the last three years (2020-2022). Its net income has increased at a CAGR of 56.1% over the same period.

6. Products and Services: MGP Ingredients produces and sells specialty food ingredients, such as starches, proteins, and fiber-based ingredients, to food and beverage manufacturers. The company also operates a distillery business, producing and selling distilled spirits, such as bourbon and rye whiskey, to beverage companies.

7. Competitors: MGP Ingredients competes with other companies in the Processed Packaged Goods sector, such as Ingredion Inc., Archer Daniels Midland Company, and Tate & Lyle PLC.

In summary, MGP Ingredients is a growing company in the Processed Packaged Goods sector, with a focus on specialty food ingredients and distilled spirits. The company has seen consistent growth in recent years, with significant increases in net sales and net income. MGP Ingredients pays a quarterly dividend and has increased its dividend every year since 2015. The company's primary competitors include Ingredion Inc., Archer Daniels Midland Company, and Tate & Lyle PLC.