E Daily Stock Analysis: B&G Foods (BGS)

B&G Foods Inc has the ticker symbol BGS and is a small cap ($1.9B) member of the consumer defensive sector. This is my first look at B&G Foods for this Vista folio but it has been selected for one or more of my previous portfolios.

B&G Foods Inc. (BGS) is an American packaged-food manufacturer. It was founded in 1822 and is headquartered in Parsippany, New Jersey. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. 

The company sells its products in United States, Canada, and Puerto Rico. The company's main brands are: Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Cary's, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, MacDonald's, Mama Mary's, Maple Grove Farms, Regina, Sa-son, Sclafani, Smart Puffs, Spice Islands, Spring Tree, and Wright's. 

The company distributes its products through multiple channels to supermarkets, wholesalers, mass merchants, warehouse clubs, and foodservices.

Three key data points gauge dividend equities or funds like B&G Foods Inc (BGS):

(1) Price (2) Dividends (3) Returns. Those three basic keys best tell whether any company has made, is making, and will make money. 

BGS Price

B&G Food's price per share closed at $29.31 Friday. One year ago its price was $22.27.  Thus, price per share has grown about 31.6% while it recovered from last-year's Covid market slump. 

Should B&G Food's stock trade in the range of $24 to $36.00 this next year, its recent $29.31 price might rise by $1.69 to reach $31.00 by May 23, 2022. My estimate is nearly $3 higher than the median of eight price estimates from analysts tracking BGS 

BGS Dividends

B&G Food's most recent quarterly dividend of $0.475 was declared May 20th, payable July 30th and equates to $1.90 annually which will yield 6.48% based on Friday's $18.65 closing price.  B&G Foods has paid quarterly dividends increasing annually since January 2009 (12 years.)

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Disclaimer:  This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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