Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDERS MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Our Common Stock is traded on the Nasdaq Global Select Market under the ticker symbol MGPI. As of February 21, 2025, there were approximately 277 holders of record of our Common Stock. According to reports received from Nasdaq, the average daily trading volume of our Common Stock (excluding block trades) ranged from 70,688 to 3,398,021 shares during the year ended December 31, 2024.
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STOCK PERFORMANCE GRAPH
The following graph compares the cumulative total return of our Common Stock for the five-year period ended December 31, 2024, against the cumulative total return of the S&P 500 Stock Index (broad market comparison), Russell 3000 (broad market comparison), and Russell 2000 - Consumer Staples (line of business comparison ). The graph assumes $100 (one hundred dollars) was invested on December 31, 2019, and that all dividends were reinvested.
PURCHASES OF EQUITY SECURITIES BY ISSUER
Share repurchase activity during the quarter ended December 31, 2024 was as follows:
Total Number of
Shares (or
Units)
Purchased
Average Price Paid per Share (or Unit)
Total Number of Shares (or
Units) Purchased as Part of Publicly Announced Plans or Programs (1)
Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs (in thousands) (1)
October 1, 2024 through October 31, 2024 — $ — — $ 90,000
November 1, 2024 through November 30, 2024 557,552 (2) 49.09 557,552 62,630
December 1, 2024 through December 31, 2024 201,024 (2) 45.86 201,024 53,412
Total 758,576 758,576
(1) On February 29, 2024, we announced that our Board of Directors approved a $100,000 share repurchase program. The repurchase program has no expiration date and may be modified, suspended, or discontinued at any time by the Company without prior notice.
(2) All shares were repurchased under the share repurchase program announced on February 29, 2024.
ITEM 6. [Reserved]
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