|Bid||10.19 x 1200|
|Ask||10.20 x 1200|
|Day's range||10.17 - 10.44|
|52-week range||9.90 - 18.35|
|Beta (5Y monthly)||0.49|
|PE ratio (TTM)||N/A|
|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