MGPI MGP Ingredients

MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein, and starch food ingredients. It operates through the following segments: Distillery Products and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. This segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. The Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company was founded by Cloud L. Cray in 1941 and is headquartered in Atchison, KS.

Company profile

David Colo
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MGPI stock data



25 Feb 21
13 Apr 21
31 Dec 21
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Dunn Terrence P Common Stock Grant Aquire A No No 59.15 325 19.22K 6,179
1 Apr 21 Seaberg Karen Common Stock Grant Aquire A No No 59.15 507 29.99K 1,114
1 Apr 21 Bareuther James L Common Stock Grant Aquire A No No 59.15 65 3.84K 5,313
1 Apr 21 Jenkins Lynn Common Stock Grant Aquire A No No 59.15 177 10.47K 5,584

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

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Financial report summary

  • An interruption of operations or a catastrophic event at our facilities could negatively affect our business.
  • A disruption in transportation services could negatively affect our business.
  • Our profitability is affected by the costs of grain, wheat flour, and natural gas, or input costs, that we use in our business, the availability and costs of which are subject to weather and other factors beyond our control. We may not be able to recover the costs of commodities and energy by increasing our selling prices.
  • We have a high concentration of certain raw material and finished goods purchases from a limited number of suppliers which exposes us to risk.
  • The markets for our products are very competitive, and our business could be negatively affected if we do not compete effectively.
  • Work disruptions or stoppages by our unionized workforce could cause interruptions in our operations.
  • If we were to lose any of our key management personnel, we may not be able to fully implement our strategic plan, our system of internal controls could be impacted.
  • Covenants and other provisions in our credit arrangements could hinder our ability to operate. Our failure to comply with covenants in our credit arrangements could result in the acceleration of the debt extended under such agreements, limit our liquidity, and trigger other rights of our lenders.
  • Product recalls or other product liability claims could materially and negatively affect our business.
  • We are subject to extensive regulation and taxation, as well as compliance with existing or future laws and regulations, which may require us to incur substantial expenditures.
  • A failure of one or more of our key information technology ("IT") systems, networks, processes, associated sites, or service providers could have a negative impact on our business.
  • Damage to our reputation, or that of any of our key customers or their brands, could affect our business performance.
  • We may not be able to adequately protect our intellectual property rights or may be accused of infringing intellectual property rights of third parties.
  • Our business may suffer from risks related to acquisitions and potential future acquisitions.
  • The relationship between the price we pay for grain and the sales prices of our distillery co-products can fluctuate significantly and negatively impact our business.
  • Our strategic plan involves significant investment in the aging of barreled distillate. Decisions concerning the quantity of maturing stock of our aged distillate could materially affect our future profitability.
  • If the brands we develop or acquire do not achieve consumer acceptance, our growth may be limited, which could have a material adverse impact on our business, financial condition, or results of operations.
  • Warehouse expansion issues could negatively impact our operations and our business.
  • A change in public opinion about alcohol could reduce demand for our products.
  • Our focus on higher margin specialty ingredients may make us more reliant on fewer, more profitable customer relationships.
Management Discussion
  • Total Distillery Products sales for 2020 increased by $20,225, or 6.8 percent compared to 2019. Sales of brown goods and white goods within premium beverage alcohol, warehouse services, and industrial alcohol increased, while sales of distillers feed and related co-products and fuel grade alcohol decreased compared to 2019. The increase in brown goods was due to increased sales volume, partially offset by lower average selling price. The increase in white goods and industrial alcohol was due to higher average selling prices, partially offset by decreased sales volume. These increases were slightly offset by decreases in distillers feed and related co-products and fuel grade alcohol due to lower average selling prices.
Content analysis
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