MGPI Company Profile and Key Details
MGP Ingredients, Inc.
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MGP Ingredients, Inc. (MGPI) stock declined over -3.13%, trading at $33.46 on NASDAQ, down from the previous close of $34.54. The stock opened at $34.52, fluctuating between $33.38 and $34.68 in the recent session.
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About Company
MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; 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 Branded Spirits segment provides ultra-premium, premium, mid, and value branded distilled spirits. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch, and FiberRite RW Resistant 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, the United Kingdom, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.
Company Information
| Employees | 705 |
| Beta | 0.65 |
| Sales or Revenue | $836.52M |
| 5Y Sales Change% | 0.701% |
| Fiscal Year Ends | December |
| Sector | Consumer Defensive |
| Industry | Beverages - Wineries & Distilleries |
Frequently Asked Questions
MGP Ingredients, Inc. (NASDAQ: MGPI) stock price is $33.46 in the last trading session. During the trading session, MGPI stock reached the peak price of $34.68 while $33.38 was the lowest point it dropped to. The percentage change in MGPI stock occurred in the recent session was -3.13% while the dollar amount for the price change in MGPI stock was -$1.08.
The NASDAQ listed MGPI is part of Beverages - Wineries & Distilleries industry that operates in the broader Consumer Defensive sector. MGP Ingredients, Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
Mr. David J. Colo
Pres, Chief Executive Officer & Director
Mr. Brandon M. Gall
Vice President of Fin. & Chief Financial Officer
Mr. David S. Bratcher
Chief Operating Officer
Mr. Amel Pasagic
Vice President of Information Technology & Chief Information Officer
Ms. Erika L. Lapish
Vice President & Chief HR Officer
Dr. Clodualdo Maningat
Chief Science Officer and Vice President of Ingredients R&D
Mr. Curtis Landherr
Vice President, Chief Legal Officer & Corporation Sec.
Mr. Greg Manis
Corporation Director of Communications
Mr. Fletcher R. Buchman
Vice President of Marketing
Erika L. Lapish
Vice President of HR
MGPI's closing price is 0.24% higher than its 52-week low of $33.38 where as its distance from 52-week high of $92.91 is -63.99%.
Number of MGPI employees currently stands at 705.
Official Website of MGPI is: https://www.mgpingredients.com
MGPI could be contacted at phone 913 367 1480 and can also be accessed through its website. MGPI operates from 100 Commercial Street, Atchison, KS 66002, United States.
MGPI stock volume for the day was 435.91K shares. The average number of MGPI shares traded daily for last 3 months was 411.05K.
The market value of MGPI currently stands at $734.56M with its latest stock price at $33.46 and 21.95M of its shares outstanding.
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