MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates through two segments, Distillery Products and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel grade alcohol for blending with gasoline; distillers feed and related co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym Resistant Starch, FiberRite RW Resistant Starch, Pregel Instant Starch, and Midsol Cook-up Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.
IPO Year:
Exchange: NASDAQ
Website: mgpingredients.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/27/2025 | $55.00 → $45.00 | Hold → Buy | Lake Street |
| 11/6/2024 | $66.00 → $50.00 | Buy → Hold | TD Cowen |
| 10/18/2024 | $135.00 → $75.00 | Buy → Hold | Lake Street |
| 10/11/2022 | $125.00 | Outperform | Wedbush |
| 8/15/2022 | $126.00 | Overweight | Wells Fargo |
| 6/30/2022 | $115.00 | Buy | ROTH Capital |
| 2/22/2022 | $100.00 | Buy | Lake Street |
| 1/21/2022 | $99.00 | Outperform | Cowen & Co. |
| 11/29/2021 | $80.00 → $100.00 | Hold → Buy | Truist Securities |
Fourth-generation Master Distiller Graciela Gonzalez brings an old family recipe back to life with Cortada™ Blanco and Reposado Smoked Tequila, debuting in Denver this summer ST. LOUIS, June 10, 2025 /PRNewswire/ -- Luxco, Inc. announces the launch of Cortada Smoked Tequila – a new premium tequila cut with a whisper of smoke. Offering both Blanco and Reposado varieties, Cortada Smoked Tequila is available exclusively in Denver and through e-commerce in partnership with Shared Pour. Cortada Smoked Tequila Blanco retails for $49.99 USD and Cortada Smoked Tequila Reposado retails for $54.99 USD.
The 2025 edition pays homage to the Sultan of Swat with a new medley of three mash bills, inspired by Babe's legendary #3 ST. LOUIS, June 9, 2025 /PRNewswire/ -- The Bambino is taking a curtain call. Remus Bourbon, the award-winning whiskey inspired by the roaring spirit of the prohibition, is proud to announce the next chapter of its official partnership with the Babe Ruth Family – the ultra-limited 2025 Remus Babe Ruth Reserve. In tribute to the true legend from that era, a limited supply of 8,399 bottles, one for each of the Babe's at-bats, will arrive at retail this month at a minimum suggested price of $149.99 per 750mL bottle.
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, announced that Martin Roper has been elected Chairman of the Board effective May 22, 2025. Martin Roper joined the MGP Board of Directors in April 2025 and brings more than 25 years of beverage industry experience, including nearly two decades as CEO of The Boston Beer Company and his current position as CEO of The Vita Coco Company. "It's an honor to take on the role of Chairman at a dynamic time for MGP," said Martin Roper. "The company has built a strong foundation and is making meaningful progress across its focused initiatives. I look forward to working with my fe
The latest limited-edition offering will be available in North Carolina and at Lux Row Distillers ST. LOUIS, May 21, 2025 /PRNewswire/ -- Bardstown, Kentucky-based Rebel Bourbon – the Official Bourbon of Richard Childress Racing (RCR) – teamed up with Childress Vineyards on the release of Rebel 100 Childress Vineyards Cabernet Franc Barrel Finish. This limited-release offering features Rebel's original time-honored wheated recipe, aged four years, finished in Childress Vineyards Cabernet Franc barrels and bottled at 100 proof (50% ABV). The result is a one-of-a-kind bourbon with unique flavor notes of sweet plums, honey and bright berries. An allocation of 500 cases (6-in) of Rebel 100 Chil
The award-winning tequila will now offer 375mL and 1.75L sizes of its core expressions ST. LOUIS, May 5, 2025 /PRNewswire/ -- El Mayor Tequila – the award-winning premium tequila from the Gonzalez family – is offering new 375mL and 1.75L sizes of its Blanco and Reposado expressions to better meet consumers' usage needs and preferences. Beginning this month, the 1.75L size of El Mayor Blanco and El Mayor Reposado will be available at a minimum suggested retail price of $44.99. The 375mL bottles are expected to be available later this year at a minimum suggested retail price of $14.99. The new SKUs will reflect El Mayor's updated brand packaging which incorporates a new slim bottle and increas
Encouraging first quarter results; Reaffirms full year 2025 financial outlook MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the first quarter ended March 31, 2025. "We are pleased with first quarter results that keep us on track to meet our full-year guidance. While elevated industry-wide barrel whiskey inventories and a cautious consumer environment remain as headwinds, we saw signs of positive progress across all three of our business segments. These early signs of stabilization give us confidence that the proactive actions we are taking are beginning to take hold," said Brandon Gall, In
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock. The dividend is payable on May 30, 2025 to stockholders of record as of May 16, 2025. About MGP Ingredients, Inc. MGP Ingredients Inc. (NASDAQ:MGPI) has been formulating excellence since 1941 by bringing product ideas to life across the alcoholic beverage and specialty ingredient industries through three segments: Branded Spirits, Distilling Solutions, and Ingredient Solutions. MGPI is one of the leading spirits distillers with an award-winning
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced it has successfully refinanced its revolving credit facility and amended its note purchase and private shelf agreement. As part of the refinancing, MGP upsized its revolving credit facility from $400 million to $500 million and extended its maturity from 2026 to 2030, with unchanged applicable interest rates. The amended revolving credit facility includes an accordion feature, which increased in size from $100 million to $200 million and is subject to certain conditions. In addition, the company amended its note purchase and private shelf agreement to exte
The award-winning tequila will now be packaged in a new slim bottle with an updated label ST. LOUIS, April 23, 2025 /PRNewswire/ -- El Mayor Tequila – the award-winning premium tequila from the Gonzalez family – is getting a new look. Starting this month and continuing throughout 2025, the El Mayor Tequila brand family will be packaged in a new 750 mL bottle that features a larger label that creates a cohesive look across the brand portfolio and provides a more impactful footprint for shelf placement. Distilled and produced at Destiladora Gonzalez Lux in Arandas, Mexico, El M
MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced that it will report results for the first quarter ended March 31, 2025, on Thursday, May 1, at 10 a.m. ET. The company expects to release its financial results before the markets open. Management, including Brandon Gall, interim President and CEO, and CFO and Mark Davidson, Corporate Controller and Head of Treasury, will hold a conference call to discuss these results. Please visit the "News and Events" section of the company's Investor Relations section at ir.mgpingredients.com/news-events to access the live webcast. Investors can also dial 844-308-6398 (
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