MGP Ingredients (MGPI)
Sells spirits brands, contract distilling, and specialty wheat ingredients.
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Produces branded spirits, contract and bulk distilled alcohol, warehouse services, and specialty wheat starches and proteins. The business is US-centered and currently shaped by American whiskey oversupply, while Ingredient Solutions offsets part of the spirits-cycle pressure.
Spans Branded Spirits, Distilling Solutions, and Ingredient Solutions. Branded Spirits sells bourbon, tequila, vodka, liqueur, and other spirits brands through distributors and control-state governments. Distilling Solutions turns corn and other grains into food-grade alcohol, brown goods, warehouse services, and co-products.
Ingredient Solutions sells specialty and commodity wheat starches and proteins. The footprint is US-centered, with Atchison roots, the Lawrenceburg whiskey platform, and a brand portfolio expanded through Luxco and Penelope.
The model combines owned spirits brands, customer distilling, grain processing, and wheat-ingredient production. Current performance depends on American whiskey supply-demand balance, control-state alcohol channels, and demand for specialty wheat starches and proteins.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 8, 2026 | Wells Fargo | Reiterate | Rating: —Target: $29 | Target: $21 |
| Jan 5, 2026 | Wells Fargo | Reiterate | Rating: —Target: $118 | Target: $29 |
| Feb 27, 2025 | Lake Street | Upgrade | ||
| Nov 6, 2024 | TD Cowen | Downgrade | ||
| Oct 18, 2024 | Lake Street | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $17.8M · Total debt $377.8M · Total assets $1.06B · Shareholders' equity $590.8M
- Revenue
- $124.4M
- Operating income
- $19.8M
- Net income
- $12.0M
HistoryDividendAnnual yield
| Institutions | 73.55% | 15.75M shares | |
|---|---|---|---|
| 155 holders · as of Jun 30, 2026 | |||
| Insiders | 27.62% | 5.91M shares | |
| 18 holders · as of Aug 24, 2026 | |||
| Strategic holders | 3.92% | 838.4K shares | |
| 1 holder · as of Jul 14, 2017 | |||
| Adds to | 105.09% | ||
21.41M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.09%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Integrated Wealth Concepts LLCInstitution | 11.70% | 2.51M | as of Jun 30, 2026 |
Donn S. LuxInsiderdirector, 10 percent owner | 11.39% | 2.44M | filed May 15, 2025 |
Karen Seaberg1Insiderdirector | 9.66% | 2.07M | filed Dec 11, 2025 |
Conestoga Capital Advisors, LLCInstitution | 6.19% | 1.33M | filed Jan 17, 2020 |
BlackRock, Inc.Institution | 5.93% | 1.27M | as of Jun 30, 2026 |
- Karen Seaberg's transaction reports restate only vehicles that traded; the 2025 ownership statement (2.07M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 16, 2026 | Leslie Lux | 10 percent owner, other: Member of 10% holder group | −27,731 | $14.40 |
| Aug 20, 2026 | Paul S. Lux | 10 percent owner, other: Member of 10% holder group | −33,000 | $17.76 |
| May 27, 2026 | Caroline Lux Kaplan | 10 percent owner | −30,000 | $18.18 |
| May 26, 2026 | Caroline Lux Kaplan | 10 percent owner | −30,000 | $17.82 |
| Dec 10, 2025 | Karen Seaberg | director | −81,616 | $25.84 |
- Diageo (ADR)
Global spirits house overlapping in tequila and American whiskey
- Ingredion
Ingredient-solutions peer in starches and plant proteins
- Alto
Specialty alcohol peer for beverage GNS and co-products
- Constellation Brands
Premium beverage owner with High West whiskey and Casa Noble tequila
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MGP Ingredients | $13.47 | +0.58% | $286.7M | — | 8.1 | 0.6 | −14.5% |
| Diageo (ADR) | $87.62 | +0.92% | $48.26B | 27.8 | — | 2.5 | −1.7% |
| Ingredion | $97.87 | +0.86% | $6.12B | 10.6 | 8.8 | 0.8 | +0.9% |
| Alto | $3.85 | −1.66% | $303.0M | 5.8 | 14.3 | 0.3 | +12.5% |
| Constellation Brands | $117.69 | −0.59% | $20.22B | 11.3 | 10.0 | 2.2 | −3.3% |
| Median | 10.9 | 10.0 | 1.5 | −0.4% |