Last $15.89 USD
Change Today -0.17 / -1.06%
Volume 33.4K
MGPI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Stuttgart
As of 8:10 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

mgp ingredients inc (MGPI) Snapshot

Open
$15.99
Previous Close
$16.06
Day High
$16.16
Day Low
$15.70
52 Week High
12/29/14 - $17.04
52 Week Low
05/5/14 - $5.16
Market Cap
280.3M
Average Volume 10 Days
39.2K
EPS TTM
$0.96
Shares Outstanding
17.6M
EX-Date
03/13/14
P/E TM
16.6x
Dividend
$0.05
Dividend Yield
0.31%
Current Stock Chart for MGP INGREDIENTS INC (MGPI)

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mgp ingredients inc (MGPI) Details

MGP Ingredients, Inc. 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, and distillers feed. 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: 03/13/14
Founded in 1941

mgp ingredients inc (MGPI) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $229.8K
Vice President of Human Resources
Total Annual Compensation: $212.5K
Vice President of Production and Engineering
Total Annual Compensation: $245.7K
Compensation as of Fiscal Year 2013.

mgp ingredients inc (MGPI) Key Developments

MGP Ingredients Inc. Elects Karen Seaberg as Board Chairperson

The Board of Directors of MGP Ingredients Inc. has announced the election of Karen Seaberg as board chairperson effective December 22, 2014. Mrs. Seaberg became a director of MGP in 2009, filling a vacancy that resulted from husband's retirement from the board. Mrs. Seaberg professional background includes over 20 years as an executive travel agent in association with the Travel Center of Atchison. Along with her husband, she is co-owner of a local Long John Silver's franchise. She also served for five years on the managing executive committee of the former RiverHouse Restaurant in Atchison.

MGP Appoints Michael Buttshaw as Vice President of Ingredients Sales and Marketing

MGP announced the appointment of Michael Buttshaw to the position of Vice President of Ingredients Sales and Marketing, effective immediately. Buttshaw comes to MGP with nearly 30 years of food industry experience, including 23 years with Hormel Foods Corporation, Austin, Minn. Buttshaw most recently spent four years as vice president of sales for the ingredient group at Southeastern Mills Inc.

MGP Ingredients, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

MGP Ingredients Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net sales were $77.5 million against $80.2 million last year. Income from operations was $3.6 million compared to loss from operations of $5.9 million a year ago. Income from continuing operations before income taxes was $5.1 million against loss from continuing operations before income taxes of $6.3 million last year. Net income from continuing operations was $6.2 million against net loss from continuing operations of $6.3 million last year. Net income was $6.2 million, or $0.34 per basic and diluted share, compared to net loss of $6.3 million, or $0.37 per basic and diluted share, in the third quarter of the prior year. For the nine months, net sales were $237.1 million against $246 million last year. Income from operations was $8.4 million compared to loss from operations of $4.1 million a year ago. Income from continuing operations before income taxes was $15.1 million against loss from continuing operations before income taxes of $5.9 million last year. Net income from continuing operations was $16.1 million against net loss from continuing operations of $6 million last year. Net income was $16.1 million, or $0.89 per basic and diluted share, compared to net loss of $4.6 million, or $0.27 per basic and diluted share last year.

 

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Industry Analysis

MGPI

Industry Average

Valuation MGPI Industry Range
Price/Earnings 17.8x
Price/Sales 0.9x
Price/Book 2.9x
Price/Cash Flow 18.0x
TEV/Sales -- Not Meaningful
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