Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $14.80 USD
Change Today +0.76 / 5.41%
Volume 24.4K
MGPI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Stuttgart
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

mgp ingredients inc (MGPI) Snapshot

Open
$14.18
Previous Close
$14.04
Day High
$14.80
Day Low
$14.14
52 Week High
12/29/14 - $17.04
52 Week Low
05/5/14 - $5.16
Market Cap
261.6M
Average Volume 10 Days
25.4K
EPS TTM
$1.33
Shares Outstanding
17.7M
EX-Date
03/24/15
P/E TM
11.1x
Dividend
$0.06
Dividend Yield
0.41%
Current Stock Chart for MGP INGREDIENTS INC (MGPI)

Related News

No related news articles were found.

mgp ingredients inc (MGPI) Related Businessweek News

No Related Businessweek News Found

mgp ingredients inc (MGPI) Details

MGP Ingredients, Inc., through its subsidiaries, produces and sells distillery and ingredients products to the packaged goods industry in the United States, Japan, and Canada. Its Distillery Products segment primarily offers food grade alcohol, fuel grade alcohol, distillers feed, and corn oil. The company’s Ingredient Solutions segment primarily provides specialty wheat starches and proteins, commodity wheat starches, and commodity vital wheat gluten. MGP Ingredients, Inc. sells its products directly or through distributors to the manufacturers and processors of finished packaged goods or to bakeries. The company was founded in 1941 and is headquartered in Atchison, Kansas.

268 Employees
Last Reported Date: 03/12/15
Founded in 1941

mgp ingredients inc (MGPI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $160.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $362.3K
Vice President of Human Resources
Total Annual Compensation: $220.9K
Vice President of Production and Engineering
Total Annual Compensation: $385.4K
Vice President of Alcohol Sales & Marketing
Total Annual Compensation: $182.4K
Compensation as of Fiscal Year 2014.

mgp ingredients inc (MGPI) Key Developments

MGP Ingredients Inc. Declares Annual Dividend, Payable on April 21, 2015

On March 12, 2015, MGP Ingredients Inc. announced that the Board of Directors of the Company has declared an annual dividend of 6 cents per share of common stock payable on April 21, 2015 to stockholders of record as of March 26, 2015.

MGP Ingredients Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2014

MGP Ingredients Inc. reported consolidated earnings results for the year ended December 31, 2014. For the year, the company reported sales of $338.4 million compared to $334.1 million, operating income of $16.6 million compared to operating loss of $5.2 million, income from continuing operations before income taxes of $25.9 million compared to loss from continuing operations before income taxes of $6.5 million, net income from continuing operations of $23.7 million or $1.32 per basic and diluted share compared to net loss from continuing operations of $5.8 million or $0.34 per basic and diluted share, net income of $23.7 million or $1.32 per basic and diluted share compared to net loss of $4.9 million or $0.29 per basic and diluted share, net cash provided by operating activities of $15.8 million compared to $17.3 million, additions to property and equipment of $7.0 million compared to $6.2 million, adjusted operating income of $8.3 million compared to $0.3 million, adjusted net income from continuing operations of $15.4 million or $0.89 per share compared to adjusted net loss from continuing operations of $0.3 million or $0.029 per share for the last year.

MGP Ingredients, Inc., MGPI Processing, Inc., MGPI Pipeline, Inc. and MGPI of Indiana, LLC Enter into Five Year, $80,000,000 Revolving Loan with Wells Fargo Bank, National Association

On February 27, 2015, MGP Ingredients, Inc., as a guarantor and a party, and its subsidiaries MGPI Processing, Inc., MGPI Pipeline, Inc. and MGPI of Indiana, LLC as the Borrowers, entered into a 5 year, $80,000,000 revolving loan pursuant to a Second Amended and Restated Credit Agreement and associated schedules with Wells Fargo Bank, National Association, as Administrative Agent. The Restated Credit Agreement amends and restates the company's existing revolving credit facility under the Amended and Restated Credit Agreement between the company and Wells Fargo Bank, National Association, as Lender, dated November 2, 2012, as amended. The Restated Credit Agreement differs from the company's prior revolving loan agreement by (i) increasing amount available under the revolving credit facility to $80,000,000, (ii) extending the maturity date to February 27, 2020, (iii) providing for the addition of U.S. Bank, National Association, as a lender, and (iv) reductions in certain applicable interest rates (as detailed below), and (v) incorporating other modifications consistent with the increase in the loan amount and to reflect Wells Fargo's status as the Agent. Restated Credit Agreement: The Restated Credit Agreement provides for the provision of letters of credit and revolving loans (including swing loans) with a maximum revolver commitment of $80,000,000, subject to borrowing base limitations (generally based upon the value of eligible inventory, as defined in the Restated Credit Agreement, and accounts receivable owned by the Borrowers). The Restated Credit Agreement includes a fixed asset sub-line facility that increases the applicable borrowing base by up to $7,004,000 on the basis of certain real estate and equipment. Borrowings under the Restated Credit Agreement may bear interest either on a Base Rate model or a LIBOR Rate model. For LIBOR Rate Loans, the interest rate is equal to the LIBOR Rate (based on 1, 2, 3 or 6 month LIBOR) plus 1.75 - 2.75%. For Base Rate Loans, the interest rate shall be the greater of (a) 1.00%, (b) the Federal Funds Rate plus 0.50%, (c) one-month LIBOR Rate plus 1.00%, or (d) Wells Fargo's prime rate" as announced from time to time, plus 0.75% - 1.75%. The Restated Credit Agreement provides for customary fees, including unused line fees, examination and appraisal fees, letter of credit fees and other administrative fees. The Restated Credit Agreement contains various affirmative covenants, including those related to financial statements reporting, property maintenance obligations and inspection rights, insurance requirements, environmental aspects, the joinder of subsidiaries to the Restated Security Agreement, prohibitions on the disposal of assets and other customary obligations.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MGPI:US $14.80 USD +0.76

MGPI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Archer-Daniels-Midland Co $49.78 USD +0.90
Green Plains Inc $31.02 USD -0.12
Ingredion Inc $80.38 USD +0.98
Valero Energy Corp $58.90 USD +2.00
View Industry Companies
 

Industry Analysis

MGPI

Industry Average

Valuation MGPI Industry Range
Price/Earnings 11.2x
Price/Sales 0.8x
Price/Book 2.5x
Price/Cash Flow 11.0x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MGP INGREDIENTS INC, please visit www.mgpingredients.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.