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A shipping giant, a packaged food stalwart, and an oil and gas partnership all flash double-digit yields, but each payout is chained to a cycle the company cannot control. Before the income…
Headquartered in Parsippany, NJ Fiscal year ends December NYSE: BGS bgfoods.com
B&G Foods, Inc. is a packaged food company that manufactures, sells, and distributes branded shelf-stable and frozen foods across the United States, Canada, and Puerto Rico. The company operates through four business segments: Specialty (including Crisco, Clabber Girl, Bear Creek, Polaner, and other brands), Meals (including Ortega, Cream of Wheat, College Inn, Kitchen Basics, Maple Grove Farms, Las Palmas, Victoria, and Mama Mary's), Frozen & Vegetables (primarily Green Giant Canada frozen and shelf-stable vegetables and co-manufacturing operations in Mexico), and Spices & Flavor Solutions (including Dash, Spice Islands, Weber, Ac'cent, Tone's, and Durkee). The company's portfolio includes more than 50 brands. B&G Foods has been actively reshaping its portfolio through divestitures of lower-margin businesses (Green Giant U.S. frozen, Don Pepino, Le Sueur U.S.) and acquisitions of higher-margin brands (College Inn and Kitchen Basics), while maintaining co-manufacturing relationships with acquirers of divested businesses. The company trades on the NYSE under the ticker BGS. Updated
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B&G Foods, Inc. is a packaged food company that manufactures, sells, and distributes branded shelf-stable and frozen foods across the United States, Canada, and Puerto Rico.
The Wall Street consensus 12-month price target for BGS is $4.30.