5 Best Small-Cap Consumer Staples Stocks to Buy Under $30

4. MGP Ingredients Inc. (NASDAQ:MGPI)

MGP Ingredients Inc. (NASDAQ:MGPI) is one of the 10 best small-cap consumer staples stocks to buy under $30.

On February 27, TD Cowen reduced its price target on MGP Ingredients Inc. (NASDAQ:MGPI) to $22 from $24. The firm maintained its Hold rating on the stock, which offers a revised upside potential of more than 33%.

The firm stated that fourth-quarter results surpassed the analyst expectations. However, the outlook for 2026 fell significantly short of consensus estimates, as the company’s leadership projects another challenging year for the sector and, consequently, for their operations.

On February 25, MGP Ingredients Inc. (NASDAQ:MGPI) reported its fourth quarter adjusted EPS of 63c, beating street estimates of 50c, while revenue also came in ahead of expectations at $138.3 million. Commenting on the results, CEO Julie Francis stated:

“2025 was a year of deliberate repositioning for MGP. I am pleased with the team’s efforts as we did what we said we will do and made meaningful progress against each of the five initiatives we outlined at the start of the year, advanced our key priorities, and delivered full-year financial results above our prior expectations.”

MGP Ingredients Inc. (NASDAQ:MGPI) is a global food ingredients and distilled and branded spirits producer and supplier. The company provides Distillery Solutions with warehouse services, Branded Spirits, including common and private labels, and Ingredient Solutions, sold either directly or through distributors.