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MGP Ingredients (MGPI) has 1 split in our MGPI split history database. The split for MGPI took place on July 16, 2004. This was a 2 for 1 split, meaning for each share of MGPI owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as MGP Ingredients splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the MGPI split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MGP Ingredients shares, starting with a $10,000 purchase of MGPI, presented on a split-history-adjusted basis factoring in the complete MGPI split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||16.69%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||16.53%|
|About MGP Ingredients|
|MGP Ingredients is a producer and supplier of distilled spirits and specialty wheat protein and starch food ingredients. Co. has two reportable segments: distillery products and ingredient solutions. The distillery products segment processes corn and other grains (including rye, barley, wheat, barley malt, and milo) into food grade alcohol and distillery co-products, such as distillers feed (called dried distillers grain in the industry), fuel grade alcohol, and corn oil. Co. also provides warehouse services. The ingredient solutions segment consists primarily of specialty wheat starches, specialty wheat proteins, commodity wheat starches, and commodity wheat proteins. According to our MGPI split history records, MGP Ingredients has had 1 split.|
|MGPI Split History Table|
|07/16/2004||2 for 1|
|Consumer Stock Splits|
|MGPI is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MGPI shares outstanding history