Previous close | 10.32 |
Open | 10.25 |
Bid | 10.19 x 1200 |
Ask | 10.20 x 1200 |
Day's range | 10.17 - 10.44 |
52-week range | 9.90 - 18.35 |
Volume | |
Avg. volume | 1,021,622 |
Market cap | 735.206M |
Beta (5Y monthly) | 0.49 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.32 |
Earnings date | 07 Nov 2023 - 13 Nov 2023 |
Forward dividend & yield | 0.76 (7.16%) |
Ex-dividend date | 28 Sept 2023 |
1y target est | 13.79 |
B&G Foods' (BGS) focus on reshaping its portfolio is evident from its focus on making prudent buyouts and divestitures. Efficient pricing is shielding margins.
Shares of consumer packaged goods company B&G Foods (NYSE: BGS) dropped on Wednesday after the company announced details regarding its planned debt offering Tuesday night. As of 12:15 p.m. ET, B&G Foods stock was down about 5%, which is a big move for this ordinarily sleepy stock. As of the second quarter of 2023, B&G Foods had a substantial debt load of over $2.2 billion.
PARSIPPANY, N.J., September 13, 2023--B&G Foods, Inc. (NYSE: BGS) announced today the pricing of an offering of $550.0 million aggregate principal amount of 8.00% senior secured notes due 2028 in a transaction exempt from registration under the Securities Act of 1933, as amended. The senior secured notes are being issued at a price of 99.502%. The offering, which has been upsized from the previously announced aggregate principal amount of $500.0 million, is expected to close on September 26, 202