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B&G Foods, Inc. (BGS)

NYSE - Nasdaq Real Time Price. Currency in USD
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29.92+0.47 (+1.58%)
As of 3:24PM EDT. Market open.
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  • R
    Advisor Group Holdings Inc. Has $3.44 Million Holdings in B&G Foods, Inc. (NYSE:BGS)
    Posted by ABMN Staff on Sep 3rd, 2021 // No Comments
    Advisor Group Holdings Inc. boosted its stake in shares of B&G Foods, Inc. (NYSE:BGS) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
  • L
    Looking Good
    If you are on the side of thinking that we will need 90% vaccinated for herd immunity we are a long ways from getting there. The R0 of the delta variant is so much higher than the original virus causing this 90% hurdle. This is a real downer because 90% seems like an insurmountable mountain to climb with so many skeptics on getting vaccinated. From an investment standpoint BGS will continue to prosper under a eat-at-home environment for awhile.
  • L
    Looking Good
    The untapped, hidden value of BGS is marketing in my opinion. BGS has so many products under their umbrella that it reaches a very high percentage of customers in the U.S. Almost everyone has one of their items in their pantry. A large company can apply more advance analytic tools that BGS simply doesn't have as small company. A large company can complement their existing products with BGS's line.

    The financial benefit is obvious for a large company with a strong balance sheet. I've wondered if Amazon wouldn't be interested in them. They already own Whole Foods so extending to food manufacturing isn't a stretch.
  • r
    Portland sale is likely one of the first significant moves by the new CEO. This will make the Company more efficient and is being done in a very smart way. This portends well for both the Company and its stock.
  • A
    This one's worth holding on a few days more to see if there is any speculative interest by the meme crowd. That would work to the favor of this management team that is eager to sell stock at higher prices that caused the share price to drop to low 28 after the shelf registration was filed and everyone freaked out. 33 to 35 would look more attractive.
  • F
    Fred Mertz
    Is it possible that BGS is under consideration as an acquisition by MARS?
  • j
    B&G Foods Inc (NYSE: BGS) has signed an agreement to sell its Portland, Maine manufacturing facility and 13.5-acre waterfront property to the Institute for Digital Engineering and Life Sciences for an undisclosed sum. Real Estate is called that for a reason. $$$$$$
  • A
    I hope that all of the Portland employees are part of the pension plan and that the severance package is rewarding.
  • A
    Stock back to over $30 where it should be. Hope people took advantage of the dip.
  • B
    "" The next 12 months is set to see EPS grow by 16.5%. However, if the dividend continues growing along recent trends, it could start putting pressure on the balance sheet with the payout ratio reaching 101% over the next year. """.........simply wall street

    Scraping the bottom of the barrel to create doubt and consternation over a company and a stock.
  • D
    CFO exercise of 23,260 shares of derivative security at price 26.80 per share and sold them all at 33.78 according to Yahoo Finance Insider Trading. Gives you confidence in the stock going higher.
    It's always great when an insider is kind enough to sell his shares to the mass of investors.
  • R
    Hussman Strategic Advisors Inc. Purchases 37,600 Shares of B&G Foods, Inc. (NYSE:BGS)
    Posted by ABMN Staff on Aug 22nd, 2021
    Hussman Strategic Advisors Inc. boosted its stake in B&G Foods, Inc. (NYSE:BGS) by 43.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,000 shares of the company’s stock after acquiring an additional 37,600 shares during the period. B&G Foods accounts for about 0.8% of Hussman Strategic Advisors Inc.’s holdings, making the stock its 11th biggest position. Hussman Strategic Advisors Inc. owned about 0.19% of B&G Foods worth $4,067,000 as of its most recent filing with the SEC.
  • T
    Another Zacks attack over the dividend,how it can’t be sustained,this keeps on going like the energizer bunny,then they will change course and say it’s a buy how can anyone take them seriously ?
  • D
    So now BGS management has a rather large arrow in their quiver to crush shorts. Well played.
  • L
    Looking Good
    @big t is on the right track about taking advantage of squeezes from time to time. they cannot say this publicly. you have to read between the lines. The new CEO gets it. Note that BGS can buyback shares at any time and put pressure on the short sellers. This sets up BGS to take advantage of market conditions.
  • A
    They filed a shelf registration and immediately they adjusted the stock price for the full dilution as if all the stock had been sold. I bought some more.
  • M
    News article.
    B&G Foods' Dividend Is Well Covered By Earnings

    If the payments aren't sustainable, a high yield for a few years won't matter that much. Prior to this announcement, the company was paying out 111% of what it was earning, however the dividend was quite comfortably covered by free cash flows at a cash payout ratio of only 57%. Healthy cash flows are always a positive sign, especially when they quite easily cover the dividend.

    Earnings per share is forecast to rise by 25.3% over the next year. If recent patterns in the dividend continues, the payout ratio in 12 months could be 93% which is a bit high but can definitely be sustainable.
  • h
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  • V
    So many things to consider with this dilution news. Will there be a huge sell off on next ex dividend day because of uncertainty over future dividends? It could drop another 5% at that point. What is a new good buy point? Is it 27 or 25? At the least it will take a few days to let the dust settle before making an investment plan.
  • B
    I like the labor part of the deal. Sounds like they will be able to drop some costly employee pension and benefit obligations which can be a killer to long term expenses.

    I would prefer to believe what they say about being more efficient and synergistic, not just to raise cash to pay down debt.