5 Best Wine Stocks to Invest in 2021

In this article we discuss the 5 best wine stocks to invest in 2021. If you want to read our detailed analysis of these companies, go directly to the 10 Best Wine Stocks to Invest in 2021.

5. MGP Ingredients, Inc. (NASDAQ: MGPI)

Number of Hedge Fund Holders: 7    

MGP Ingredients, Inc. (NASDAQ: MGPI) is a Kansas-based firm that markets distilled spirits. It was founded in 1941 and is placed fifth on our list of 10 best wine stocks to invest in 2021. The company’s shares have offered investors returns exceeding 86% over the course of the past year. Some of the products that the company sells include bourbon, whiskey, vodka, and gin, among other beverages. In addition to making and selling alcohol, the firm also markets specialty wheat protein and starch food. 

In quarterly earnings results, posted on May 5, MGP Ingredients, Inc. (NASDAQ: MGPI) reported earnings per share of $1.01 for the first three months of 2021, beating market predictions by $0.44. The revenue over the period was $108 million, up 9% year-on-year.

At the end of the first quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $28.7 million in the firm, down from 13 in the preceding quarter worth $27.6 million.