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MGPI - MGP Ingredients: A Hidden Gem
March, 19 2021 09:17 AM
MGP Ingredients Inc.
Largest US supplier of premium rye whiskey and distilled gin. Premium spirits market is expected to grow by 10% annually through 2027. Finalization of Luxco acquisition would add 50% to MGPI's sales and bring in higher margin profile operations. Ingredient Solutions segment is a highly profitable hidden growth lever. MGPI has raised its dividend for 6 years, but is yet to increase it so far in 2021. For further details see:
MGP Ingredients: A Hidden Gem
Stock Information
Company Name:
MGP Ingredients Inc.
Stock Symbol:
MGPI
Market:
NASDAQ
Website:
mgpingredients.com
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