B&G Foods, Inc. (NYSE:BGS) is included among the 13 Dividend Stocks with Over 8% Yield. B&G Foods (BGS) Deal Draws Mixed View From TD Cowen On January 16, TD Cowen analyst Robert Moskow raised his price target on B&G Foods, Inc. (NYSE:BGS) to $3.50 from $3 but kept a Sell rating on the stock. The update followed B&G’s announcement that it had struck a deal to buy the College Inn and Kitchen Basics broth brands from Del Monte Foods for about $110 million through a bankruptcy auction process. The day bef ...

Key Takeaways BGS Q3 net sales fell 4.7%, but adjusted EBITDA held flat at $70.4M despite divestitures.BGS saw Frozen & Vegetables EBITDA rebound on better crop costs and Mexico productivity gains.BGS launched $10M in cost cuts, targeting $15M-$20M annual savings ahead of a leaner FY26.B&G Foods, Inc.’s (BGS) third-quarter fiscal 2025 results reflect a difficult operating backdrop. Net sales declined 4.7% year over year to $439.3 million, while base business net sales, excluding divestitures, fell a more mo ...

This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Dive Brief: B&G Foods is buying Del Monte Foods’ broth and stock business, which includes the College Inn and Kitchen Basics brands, for approximately $110 million. B&G said it was the winner for the broth and stock business following a “competitive auction process” that was conducted in connection with Del Monte Foods’ bankruptcy. The acquisition is expected to close ...

Core Insights - B&G Foods, Inc. (BGS) is acquiring Del Monte Foods' broth and stock business for approximately $110 million, which includes the College Inn and Kitchen Basics brands, aimed at enhancing its presence in core grocery categories and supporting long-term cash flow growth [1][8] Acquisition Details - The acquisition follows a competitive bidding process as part of Del Monte's Chapter 11 restructuring and requires Bankruptcy Court approval, with an expected closing in the first quarter of 2026 [2] - B&G Foods anticipates the acquisition to be immediately accretive to profitability, projecting annual sales of $110 million to $120 million and adjusted EBITDA of $18 million to $22 million, contributing approximately 8-12 cents per share [3][8] Valuation Metrics - The purchase price reflects a valuation multiple of around 5.5 times EBITDA, which could decrease to approximately 4.8 times when accounting for anticipated tax benefits, with a net present value of these benefits estimated at $15 million [4] Strategic Focus - B&G Foods is concentrating on strengthening its business through portfolio simplification, operational efficiencies, and disciplined capital allocation, aiming to improve margins, enhance cash flow stability, and reduce balance sheet risk [5] Stock Performance - B&G Foods shares have decreased by 1.1% over the past month, outperforming the industry decline of 2.9%, but underperforming the broader Consumer Staples sector and the S&P 500, which gained 2.2% and 2.3%, respectively [6]

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to acquire the broth and stock business of Del Monte Foods Corporation II Inc. and its affiliates, including the College Inn and Kitchen Basics brands, for approximately $110 million in cash, subject to an inventory adjustment at closing, and assumption of certain liabilities. B&G Foods was the winning bidder for the broth and stock business following a competitive auctio. ...

"This outcome represents a successful result in our sale process and demonstrates the enduring value of Del Monte Foods' brands and operations," said Greg Longstreet, Chief Executive Officer. "These transactions will create an opportunity for our beloved brands and businesses to thrive under the ownership of three of the leading companies in the food industry. We are committed to working closely with all parties to support a smooth transition of operations and are grateful to our team members, customers, an ...

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Company Ratings and Analyst Insights - B&G Foods Inc (NYSE:BGS) has a dividend yield of 18.07%. Barclays analyst Brandt Montour maintained an Equal-Weight rating and reduced the price target from $5 to $4, with an accuracy rate of 66%. Piper Sandler analyst Michael Lavery maintained a Neutral rating and cut the price target from $7 to $5, with an accuracy rate of 63%. Recent news includes the appointment of John Ozgopoyan as Executive Vice President of Sales [3][6] - Conagra Brands Inc (NYSE:CAG) has a dividend yield of 8.39%. Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and lowered the price target from $20 to $19, with an accuracy rate of 60%. Stifel analyst Matthew Smith maintained a Hold rating and reduced the price target from $21 to $19, with an accuracy rate of 52%. The company reported quarterly earnings of 45 cents per share, exceeding the analyst consensus estimate of 44 cents [4][6] - Altria Group Inc (NYSE:MO) has a dividend yield of 7.11%. B of A Securities analyst Lisa Lewandowski maintained a Buy rating and raised the price target from $64 to $72, with an accuracy rate of 58%. Barclays analyst Gaurav Jain maintained an Underweight rating and increased the price target from $49 to $57, with an accuracy rate of 58%. Recent news includes the retirement of CEO Billy Gifford and the appointment of Sal Mancuso as his successor [5][6]

Core Insights - B&G Foods, Inc. has appointed John Ozgopoyan as Executive Vice President of Sales, effective immediately [1][2] - The company aims to enhance its focus on core brands and improve base business net sales under Ozgopoyan's leadership [2] Company Overview - B&G Foods, Inc. is based in Parsippany, New Jersey, and specializes in manufacturing, selling, and distributing high-quality branded shelf-stable and frozen foods across the U.S., Canada, and Puerto Rico [3] - The company boasts a diverse portfolio of over 50 brands, including well-known names such as B&G, B&M, Green Giant, and Crisco [3]

Group 1 - U.S. stock futures are mostly lower, with Dow futures down approximately 0.01% [1] - Cybin Inc launched a $100 million at-the-market equity program with Cantor Fitzgerald, resulting in a 6.6% drop in shares to $8.00 in pre-market trading [1] Group 2 - Jefferson Capital Inc shares decreased by 7.2% to $21.08 in pre-market trading [2] - SMX PLC shares fell 6.8% to $47.95 after a significant decline of 39% on Tuesday [2] - Corcept Therapeutics Inc shares declined by 5.5% to $66.35 following a 12% drop on Tuesday [2] - NovaBay Pharmaceuticals Inc shares fell 4.8% to $5.90 in pre-market trading [2] - Americas Gold and Silver Corporation shares decreased by 4.7% to $5.09 [2] - Xpeng Inc – ADR shares slipped 4.5% to $20.32 after a 4% increase on Tuesday [2] - B&G Foods Inc shares fell 3.6% to $4.35 in pre-market trading [2] - Hecla Mining Co shares decreased by 3.3% to $18.85 in pre-market trading [2]

Industry Overview - The U.S. packaged foods industry has faced significant challenges over the past couple of years due to a combination of factors including inflation, supply chain issues, tariffs, store brands, and changing nutritional trends and consumer preferences [1] Analyst Background - Ian Bezek, a former hedge fund analyst, has extensive experience in Latin American markets and specializes in high-quality compounders and growth stocks at reasonable prices in the U.S. and other developed markets [1]