MGP Ingredients Inc
NASDAQ:MGPI
MGPI's latest stock split occurred on Jul 16, 2004
The company executed a 2-for-1 stock split, meaning that for every share held, investors received 2 new shares.
Before the split, MGPI traded at 36.55 per share. Afterward, the share price was about 14.7921.
The adjusted shares began trading on Jul 16, 2004. This was MGPI's 2nd stock split, following the previous one in Jul 16, 1992.
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MGP Ingredients Inc
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MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein and starch food ingredients. The company is headquartered in Atchison, Kansas and currently employs 672 full-time employees. The firm operates through three segments: Distillery Products, Branded Spirits and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. The Distillery Products segment also includes warehouse services, including barrel put away, storage, retrieval, and blending services. The Branded Spirits segment consists of producing, importing, bottling and rectifying of distilled spirits. Its Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company is also a producer of industrial alcohol for use in both food and non-food applications. Its distillery products are derived from corn and other grains, including rye, barley, wheat, barley malt, and milo, and its ingredient products are derived from wheat flour.
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