Professional
Added to YB: 2024-05-16
Pitch date: 2024-04-16
MGPI [bullish]
MGP Ingredients, Inc.
-66.64%
current return
Author Info
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Company Info
MGP Ingredients, Inc. produces and supplies distilled spirits, branded spirits, and food ingredients worldwide.
Market Cap
$551.5M
Pitch Price
$77.96
Price Target
N/A
Dividend
1.85%
EV/EBITDA
5.92
P/E
-37.02
EV/Sales
1.41
Sector
Beverages
Category
growth
Show full summary:
SouthernSun SMID Cap Strategy Portfolio Holding: MGP Ingredients, Inc.
MGPI: Strong Q4 across all segments. Brown goods sales +26% in 2023. New distillate outpaced aged for first time since 2020, providing cash flow visibility but lower margins. CFO visit highlights premium branded spirits and specialty protein growth opportunities. Investing in warehouses for 2024, supporting stronger FCF in 2025+.
Read full article (2 min)