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MGP Ingredients Inc (MGPI)



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Upturn Advisory Summary
10/14/2025: MGPI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $38.17
1 Year Target Price $38.17
4 | Strong Buy |
1 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -25.6% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 509.54M USD | Price to earnings Ratio - | 1Y Target Price 38.17 |
Price to earnings Ratio - | 1Y Target Price 38.17 | ||
Volume (30-day avg) 6 | Beta 0.36 | 52 Weeks Range 23.45 - 80.52 | Updated Date 10/13/2025 |
52 Weeks Range 23.45 - 80.52 | Updated Date 10/13/2025 | ||
Dividends yield (FY) 2.01% | Basic EPS (TTM) -0.27 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -1.09% | Operating Margin (TTM) 19.46% |
Management Effectiveness
Return on Assets (TTM) 5.53% | Return on Equity (TTM) -0.78% |
Valuation
Trailing PE - | Forward PE 8.88 | Enterprise Value 817301651 | Price to Sales(TTM) 0.84 |
Enterprise Value 817301651 | Price to Sales(TTM) 0.84 | ||
Enterprise Value to Revenue 1.34 | Enterprise Value to EBITDA 17.47 | Shares Outstanding 21292736 | Shares Floating 14092171 |
Shares Outstanding 21292736 | Shares Floating 14092171 | ||
Percent Insiders 34.5 | Percent Institutions 65.02 |
Upturn AI SWOT
MGP Ingredients Inc

Company Overview
History and Background
MGP Ingredients, Inc. was founded in 1941 as Midwest Grain Products in Atchison, Kansas. It initially focused on producing grain-neutral spirits and wheat gluten. Over time, it expanded into specialty wheat starches and distillery products, becoming a leading supplier to the food and beverage industries.
Core Business Areas
- Distillery Products: Produces a range of distilled spirits, including bourbon, rye whiskey, vodka, gin, and neutral spirits. Supplies these spirits to other beverage companies for bottling and sale under their own labels, and also sells their own branded spirits.
- Ingredient Solutions: Manufactures and sells specialty wheat starches and proteins for the food industry. These ingredients are used in a variety of applications, including bakery, processed foods, and pet food.
- Branded Spirits: MGP has recently added to the branded products and sales category after previously producing and selling to other brands.
Leadership and Structure
The current CEO is Augustus C. Griffin. The company operates with a functional organizational structure, dividing responsibilities across distillery products and ingredient solutions.
Top Products and Market Share
Key Offerings
- Bourbon and Rye Whiskey: MGP is a major supplier of bourbon and rye whiskey to other brands. Market share data on specific cuts is limited, but MGP is estimated to be one of the top producers. Competitors include Beam Suntory and Brown-Forman, and many independent distilleries.
- Specialty Wheat Starches and Proteins: Used in a wide range of food products. Information on market share is limited, but MGP is a significant player in the North American market. Competitors include ADM, Cargill, and Ingredion.
- Branded Spirits (Rossville Union, Remus, George Remus): MGP is expanding into branded spirits with its own labels. Market share in the premium whiskey category is growing. The total annual revenue of this product category is not explicitly reported. Competitors include Brown-Forman (Jack Daniel's, Woodford Reserve) and Beam Suntory (Jim Beam, Maker's Mark).
Market Dynamics
Industry Overview
The distilled spirits industry is experiencing growth, driven by consumer demand for premium and craft spirits. The food ingredients market is also expanding, fueled by demand for natural and functional ingredients.
Positioning
MGP Ingredients is positioned as a leading supplier of distilled spirits and specialty ingredients, with a reputation for quality and reliability. Their dual focus allows them to capitalize on trends in both the beverage and food industries.
Total Addressable Market (TAM)
The TAM for the distilled spirits market is estimated to be in the hundreds of billions of dollars globally. The TAM for specialty food ingredients is also substantial, reaching into the tens of billions. MGP Ingredients is positioned to capture a portion of both of these large markets.
Upturn SWOT Analysis
Strengths
- Established reputation for quality
- Diversified product portfolio (distilled spirits and ingredient solutions)
- Strong customer relationships
- Efficient production capabilities
Weaknesses
- Reliance on a few large customers
- Vulnerability to commodity price fluctuations
- Competition from larger players
- Limited brand recognition in consumer market
Opportunities
- Growing demand for premium and craft spirits
- Expanding market for natural and functional food ingredients
- Strategic acquisitions to expand product offerings
- Increased penetration into international markets
Threats
- Changes in consumer preferences
- Increased competition
- Regulatory changes
- Economic downturns
Competitors and Market Share
Key Competitors
- BF.B
- DEO
- SAM
Competitive Landscape
MGP Ingredients competes with a range of companies, from large global players to smaller craft producers. MGP Ingredients' advantage is its diversified product portfolio and efficient production capabilities. However, MGP Ingredients faces challenges from larger competitors with greater brand recognition and financial resources.
Major Acquisitions
Luxco
- Year: 2021
- Acquisition Price (USD millions): 475
- Strategic Rationale: Enhanced MGP's branded spirits portfolio and distribution network.
Growth Trajectory and Initiatives
Historical Growth: MGP Ingredients has grown through a combination of organic growth and acquisitions.
Future Projections: Analysts predict continued growth, driven by demand for premium spirits and specialty ingredients.
Recent Initiatives: Expansion of branded spirits portfolio, investments in production capacity, and strategic acquisitions.
Summary
MGP Ingredients is a well-established company with a diversified business model that is well-positioned to capitalize on the growing demand for premium spirits and specialty food ingredients. The company's strengths include its reputation for quality and efficient production capabilities. However, MGP Ingredients faces challenges from larger competitors and commodity price fluctuations, and needs to continue to enhance its brand portfolio.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC), Analyst Reports, Industry Publications
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market conditions and company performance can change, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MGP Ingredients Inc
Exchange NASDAQ | Headquaters Atchison, KS, United States | ||
IPO Launch date 1988-10-20 | CEO & President Ms. Julie M. Francis | ||
Sector Consumer Defensive | Industry Beverages - Wineries & Distilleries | Full time employees 660 | Website https://www.mgpingredients.com |
Full time employees 660 | Website https://www.mgpingredients.com |
MGP Ingredients, Inc. produces and supplies distilled spirits, branded spirits, and food ingredients worldwide. It operates in three segments: Distillery Solutions, Branded Spirits, and Ingredient Solutions. The Distillery Solutions segment processes corn and other grains, including barley, wheat, barley malt, and milo into food grade alcohol and distillery co-products, such as dried distillers' grain; and offers food grade alcohol for beverage applications, that include bourbon, rye, and other whiskeys, as well as grain neutral spirits, including vodka and gin. This segment also offers warehouse services, including barrel put away, barrel storage, and barrel retrieval services; and blending services. The Branded Spirits segment provides Tequila under the premium plus, ultra-premium, super premium, premium under the Penelope Bourbon, Yellowstone Bourbon, Rebel Bourbon, Remus Bourbon, Blood Oath Bourbon, Ezra Brooks Bourbon, Minor Case Straight Rye Whiskey, Rossville Union Straight Rye Whiskey, The Quiet Man Irish Whiskey, Green Hat Gin, Everclear grain alcohol, El Mayor Tequila, and Dos Primos names; mid branded spirits under the Brady's Irish Cream, Saint Brendan's Irish Cream Liqueur, Pearl Vodka, Lord Calvert Canadian Whisky, and Exotico Tequila names; and value branded spirits under the Arrow Cordials, Canada House Canadian Whisky, Lady Bligh Rum, and Juarez Tequila names, as well as private label products. The Ingredient Solutions segment provides specialty wheat starches for food applications, such as Fibersym, a resistant wheat starch; 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. It sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries. The company was founded in 1941 and is based in Atchison, Kansas.

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