B&G Foods Inc (BGS)

[SilverKnightLV]

Maybe because Tattooed Chef had great earnings. They are veggie frozen foods. Only thing I can think of.

[tknuncle]

Does anybody know why the PPS went up almost a dollar today. I haven't read anything that may of caused this today. I bought my shares for long term here...meaning at least a year or longer. GLTA BGS$$$

[FUNMAN]

B&G Foods launches tortillas and taco shells made with cauliflower


https://www.bakingbusiness.com/articles/51163-ortega-adds-cauliflower-to-taco-shells-and-tortillas


This is an innovative product.

[SilverKnightLV]

TD Amertirade: ResearchTeam Rating Change: Upgrade to HOLD from REDUCE on 3/9/20

[Little Feat]

I love this stock.

[chicmagnet]

I was referring to the greater than 40% short interest.

[SilverKnightLV]

But it's not 40 %

[chicmagnet]

It's had a regular quarterly dividend for roughly 60 quarters. On February 24th DO news and marketwire headlines were "b&g declares quarterly dividend "

[SilverKnightLV]

You are aware that the dividend listed on broker and websites is annual, not quarterly. See the recently issued PR on dividend.

[SilverKnightLV]

I guess the dividend depends on when you got in. For me it'll be about 15%.

[chicmagnet]

Good forward outlook, good dividend, >40% shirt interest. Let's see what happens? Hopefully the meltdown takes a break.

[SilverKnightLV]

AH up, as of now, but VERY low volume.

[FUNMAN]

That is too freaking funny; what an incredibly bonehead move. No one thought of that ahead of time? Fire the agency!

Wonder what they'll do with mrsdash.com, as dash.com is owned by Proctor & Gamble.

[SilverKnightLV]

Wonder what they'll do with mrsdash.com, as dash.com is owned by Proctor & Gamble.

[FUNMAN]

Iconic Mrs. Dash® To Rebrand As Dash™
America's Favorite Salt-Free Seasoning Brand Reveals New Name & Look; Partners with Joy Bauer

NEWS PROVIDED BY
Dash
Feb 20, 2020, 09:21 ET

https://www.prnewswire.com/news-releases/iconic-mrs-dash-to-rebrand-as-dash-301008429.html


PARSIPPANY, N.J., Feb. 20, 2020 /PRNewswire/ -- Mrs. Dash®, the #1 salt-free seasoning brand in the U.S., announced today a complete brand evolution and partnership with nationally recognized health & wellness expert, Joy Bauer. This spring, the Mrs. Dash product assortment will roll out under a new, shorter and simpler name – Dash™. The updated name captures the salt-free seasoning line's ability to quickly and easily add salt-free flavor to any dish.

"The Dash line of salt-free seasonings will continue to allow consumers to elevate their cooking quickly and simply – in a dash," said Julie Gould, Marketing Director of B&G Foods. "For 30+ years, the Mrs. Dash brand has been a trusted salt-free seasoning staple in American homes and we're thrilled to roll out the new Dash branding and products as well as a partnership with Joy Bauer, one of the most trusted and sought-after health experts in the country."

Joy Bauer will create simple, low-sodium recipes for the Dash website and social media channels. In addition to recipe creation, Joy Bauer will be featured in national advertising campaigns for the Dash brand.

"Consumers are actively seeking ways to create flavorful meals while reducing their salt intake and the Dash brand is the perfect, salt-free way to elevate your cooking," said Joy Bauer. "I'm looking forward to partnering with the Dash brand in 2020 to inspire consumers with delicious low-sodium recipes."

In spring of 2020, the Dash brand will also introduce a new salt-free seasoning blend, Everything But the Salt. This on-trend salt-free seasoning blend will be the first new product to roll out under the Dash branding and offers consumers the flavor of everything bagels but without the salt.

Newly styled product packaging featuring a bold, new logo will round out the brand refresh. Elements of the original Mrs. Dash brand will continue, including the website name (which will remain mrsdash.com). Dash salt-free seasoning blends, mixes and marinades will remain true to the brand's roots with no product changes across existing items.

For more information about Dash salt-free products, please visit www.mrsdash.com.

About B&G Foods
Based in Parsippany, New Jersey, B&G Foods, Inc. (NYSE: BGS) and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods' diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Green Giant, Las Palmas, Le Sueur, Mama Mary's, Maple Grove Farms, Dash, New York Style, Ortega, Polaner, SnackWell's, Spice Islands and Victoria, there's a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.

Media Contact:

Jessica Reich

Gillian Small PR

201.526.4977

[e-mail]


SOURCE Dash


Related Links
http://www.mrsdash.com

[FUNMAN]

B&G Foods Acquires Farmwise®
Wed February 19, 2020 5:15 PM|Business Wire|About: BGS
— Expects to Introduce New Green Giant® Frozen Items Based On Products Developed by Farmwise —

PARSIPPANY, N.J.--(BUSINESS WIRE)-- B&G Foods, Inc. (BGS) announced that effective today it has acquired Farmwise LLC, proud creator of Veggie Fries®, Veggie Tots® and Veggie Rings®.

“We are excited to increase our great tasting, plant-based product offerings with the acquisition of Farmwise,” stated Jordan Greenberg, Executive Vice President and Chief Commercial Officer of B&G Foods (BGF). “Dave and Cristina Peters, the founders of Farmwise, have done a tremendous job developing delicious, plant-based products, including Veggie Fries®, Veggie Tots® and Veggie Rings®, that both parents and children love. We look forward to further supporting the Farmwise brand in the natural channel while also introducing items that Farmwise has developed into new, innovative product offerings for our Green Giant brand.”

B&G Foods funded the acquisition with cash on hand. Terms of the transaction were not disclosed.

About Farmwise LLC

Based in Wellesley, Massachusetts, Farmwise LLC was founded by parents Dave and Cristina Peters with a mission of developing healthier alternatives to some of America’s favorite foods without compromising on taste. Farmwise® Veggie Fries®, Veggie Tots® and Veggie Rings® are vegan, Non-GMO Project Verified and free of the top 8 allergens including gluten, wheat, soy, dairy, tree nuts and peanuts. Farmwise products are found in supermarkets across the United States. For more information, please visit www.farmwisefoods.com.

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Polaner, SnackWell’s, Spice Islands and Victoria, there’s a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” The forward-looking statements contained in this press release include, without limitation, statements related to the expected impact of the acquisition, including statements as to supporting the Farmwise brand and introducing new, innovative Green Giant products. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Factors that may affect actual results include, without limitation, whether and when the Company will be able to realize the expected financial results and accretive effect of the transaction, and how customers, competitors, suppliers and employees will react to the acquisition. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods’ filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K for fiscal 2018 filed on February 26, 2019 and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20200219006034r1&sid=acqr7&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20200219006034/en/

Investor Relations:
ICR, Inc.
Dara Dierks
866.211.8151

Media Relations:
ICR, Inc.
Matt Lindberg
203.682.8214



Source: B&G Foods, Inc.

Copyright Business Wire 2020

[FUNMAN]

Green Giant Cooks Up 1,009-Pound Green Bean Casserole, Breaks Guinness World Records™

Wed November 20, 2019 10:20 AM
PR Newswire
About: BGS

PR Newswire

NEW YORK, Nov. 20, 2019 /PRNewswire/ -- Green Giant®, the iconic brand synonymous with delicious and high-quality vegetables for families, broke the GUINNESS WORLD RECORDS title this morning for creating the largest serving of green bean casserole that weighed in at 1,009. The original serving record of 637 pounds was set by the Green Giant brand in 2017 to mark the inaugural year of the Green Giant float in the Macy's Thanksgiving Day Parade®.

The entirety of the record-breaking green bean casserole will be served to 3,000 older New Yorkers through Citymeals on Wheels, a local non-profit that prepares and delivers over 2 million weekend, holiday and emergency meals each year for the city's homebound elderly.

Below are fast facts about the GUINNESS WORLD RECORDS title-attempt:

* An estimated 125,000 individual Green Giant Cut Green Beans were used in the casserole.

* The casserole was comprised of 1,069 cans of Green Giant Cut Green Beans, 485 cans of mushroom soup, 65 quarts of milk and 95 pounds of French fried onions.

* It took a team of ten chefs from Stella 34 Trattoria in Macy's Herald Square eight hours to prep and cook the 1,009-pound serving. The average bake time for a typical serving of green bean casserole is 25 minutes.

* The casserole will feed 3,000 people at senior centers across New York City.

* According to a recent Suzy® survey* conducted by Green Giant, more than two thirds (68%) of Americans say they plan to serve green bean casserole at Thanksgiving dinner.

"Green bean casserole is an iconic Thanksgiving dish, and true to form for Green Giant, we wanted to do something giant to bring attention to the importance of giving back to the community this season," said Jordan Greenberg, Executive Vice President and Chief Commercial Officer, B&G Foods (BGF). "We are thrilled to celebrate our annual appearance in the Macy's Thanksgiving Day Parade® by breaking our own GUINNESS WORLD RECORDS title for the largest serving of green bean casserole which will feed 3,000 older New Yorkers."

"We're proud to partner with Green Giant to deliver servings of the record-breaking casserole to Citymeals on Wheels recipients," said Beth Shapiro, Executive Director of Citymeals on Wheels. "The holiday season is a time to enjoy food and family. Citymeals ensures that our vulnerable older neighbors, many of whom are homebound and alone, are not forgotten at this time of year. Today, we will be delivering and serving the Thanksgiving dish to more than 3,000 older New Yorkers who otherwise may not have a hot meal."

Visit GreenGiant.com for the popular green bean casserole recipe and for more information about Green Giant. Follow @GreenGiant on Instagram and Facebook to see behind the scenes photos and video of the record-breaking moment.

*Survey Data Compilation: 5,000 American consumers ages 18 to 75 agreed to take a survey about whether they would eat or serve green bean casserole this Thanksgiving. The survey was conducted November 5, 2019 and the users were recruited through a Suzy® poll.

[FUNMAN]

Smart move. You saved additional paper loses.

[Lazarus]

I hate that stock. Dumped it weeks ago.

[FUNMAN]

CRAZY TODAY Price ... $15.40 ... Day's Change ... -0.35 (-2.22%)

Volume(Heavy Day) ... 417,406 ... October 30, 2019 ... 10:44am ET


B&G Foods (NYSE:BGS) declares $0.475/share quarterly dividend, in line with previous.

Forward yield 12.06%

Payable Jan. 30; for shareholders of record Dec. 31; ex-div Dec. 30.

[FUNMAN]

B&G Foods Nears 12% Dividend Yield - Are Investors Getting Spooked?
Oct. 30, 2019
1:49 AM ET

I would say "heck yes". A dividend cut seems already more than half baked in to the PPS. Almost seems impossible for it not to happen. Yet like an amateur, I am still holding.

Meanwhile, the article's conclusion is different.

Summary
Recent prices below $16 push yield to multi-year high.

Earnings to be reported after the bell on Thursday.

Expect to see the next dividend declared within the next two weeks.

It's clear that the market has decided that B&G Foods (BGS) will be cutting its dividend. Last week the stock hit a low of $15.72, briefly pushing the yield above 12%. On Friday, the stock closed at $15.94, pushing the yield of its $1.90 dividend up to 11.92%. In fact, last week the price dipped below $16 on three of the five days, although Friday was the first time the stock closed below $16 since early 2011. On Monday of this week the stock hit another 8-year low, closing at $15.40 (down 3.4%), pushing the dividend yield up to 12.34%.

One could easily argue that the short sellers are in control. Barron's reports the short interest as of October 15th as being 28.1 million shares, up 1.53% from the prior period, and an enormous 41.01% of the float. (I believe the percentage is even higher, and the recent share buyback has not been taken into account.)

Are the market and the short sellers correct? In early 2011, the dividend was $0.68 per share vs. the $1.90 per share we see today. In late 2008, one could purchase shares for $2.54 (its all-time low) when the stock was paying an $0.85 dividend, and the yield was more than 33%. Within months, that dividend would be cut to $0.68, and the dividend has been rising at irregular intervals since then.

If history is a guide, the board won't declare the next quarterly dividend until a few days after the Q3 earnings have been announced. The Q3 earnings announcement is scheduled to take place after the market closes on October 31, which is also Halloween, one of my favorite holidays.

Disclosures
I want to be very clear about my investing and trading in B&G so that readers can use this information to form their own opinions about any bias that may exist in this article. I have multiple positions in several of my family's accounts, and I consider B&G to be a core, long-term, dividend producing investment in most of these accounts. In fact, I have owned positions in B&G for more than a decade and first discussed the stock on Seeking Alpha on June 14 of 2011. Within a week it had risen more than 15%, causing me to rescind my outright buy and instead recommend a covered call strategy to

provide some downside protection on the share price and could provide a much more attractive return. And for those unwilling to engage in a call writing strategy, it is probably more advantageous to wait for a pullback in the share price.

Within a week the pullback had occurred. It wasn't the only time that I had become less bullish on the company, and while I am basically a buy-and-hold type of investor, I also believe in the benefit of asset allocation. As such, I have not been reluctant to take profits if a position becomes too large a portion of my dividend producing assets.

I have written more than 80 articles on B&G since those early articles in mid-2011. Most were bullish and focused on the dividend yield, although when the yield dropped below 5% I would pare back my holdings. More recently, as the stock has declined, I have been very bullish on the company. Shortly before the Q2 earnings were announced, I took a significant trading position, selling after a pop in the share price when the earnings were announced. More importantly for those reading, I have been very actively trading the stock around my core dividend holding over the past three months. In some cases it has been pure day-trading, in other cases it was a covered call strategy combined with dividend capture, and in others it has involved writing near-term calls on trading positions.

In addition to my core holding, I currently hold one large trading position with the November $17.50 covered calls, and three other medium sized trading positions where I may or may not sell covered calls at any time. How active is my trading? More than three dozen trades in the past three months, including one round trip on Friday and two new positions on Monday. I also expect to open and/or close additional positions before the company releases earnings after the bell on Thursday.

And last, but certainly not least, B&G currently makes up more than 16% of my current equity holdings, well above my ~5% target allocation. I expect to trim this back towards 5% as my trading positions are unwound.

Will Halloween be scary for B&G investors?
It's unlikely that I will get a chance to listen to the full call as I expect there to be interruptions from Trick-or-Treaters ringing our doorbell. No doubt some of those kids will be wearing what they think are scary costumes. Will management make statements in the earnings announcement or during the subsequent conference call that will prove to be more frightening than my Trick-or-Treat visitors? As investors, the big questions on Halloween are whether B&G will be issuing results or updated guidance that

scare those investors that are long the stock,
scare those traders that have taken short positions,
simply re-affirm guidance,
and, most importantly, announce any changes to the dividend.
I'm expecting that the news will be far better than the market expects, and I don't expect a change in the dividend rate.

The Dividend
The company repeatedly emphasizes its dividend policy. Its 10Q notes:

Our dividend policy reflects a basic judgment that our stockholders are better served when we distribute a substantial portion of our cash available to pay dividends to them instead of retaining it in our business. Under this policy, a substantial portion of the cash generated by our company in excess of operating needs, interest and principal payments on indebtedness, capital expenditures sufficient to maintain our properties and other assets is distributed as regular quarterly cash dividends to the holders of our common stock and not retained by us. We have paid dividends every quarter since our initial public offering in October 2004.

On the last conference call, company management included the following in its prepared remarks:

We also continued to maintain our longstanding commitment to our dividend policy. Earlier this week, our Board of Directors demonstrated this by declaring our 60th consecutive quarterly dividend since our 2004 IPO. Since the IPO, we have returned to our stockholders almost $900 million in the form of dividend. ...

... In summary, we believe that B&G Foods' business plan remains intact and very attractive. As we continue to [run a] lean but nimble organization that can react quickly to various industry challenges, such as widespread inflationary pressure; while we also create value through accretive M&A; while simultaneously returning excess cash to our investors through a healthier dividend; and share repurchases from time-to-time.

And, later on during the Q&A on that call, management responded to a question about the dividend and cash flow:

Dividend -- we're still committed to the dividend. Ken referenced on the call the longstanding commitment to the dividend. As people saw yesterday, our board reauthorized the dividend at the same level, and so pretty comfortable with that. And as far as the dividend coverage, based on the range of $305 million to $320 million for adjusted EBITDA, you're getting to $175 million, $180 million of EBITDA less cash interest, cash taxes and CapEx, to cover dividend of about $125 million.

Since then, the company made a number of moves that would impact the coverage of the dividend. It repurchased at least 1,180,093 shares of common stock for an average price of $18.71 per share, or $22.1 million, through August 31. That repurchase would result in annualized dividend savings of $2,242,177. That after-tax savings would be offset by an increase in debt. Since the cost of borrowing would be at ~5.25%, there would be a pre-tax increase of $1.16 million in annual interest expense, but the company should be in better shape to cover the dividend.

Note: Since the end of Q2 the company refinanced its $750 million 4.625% notes due in 2020. This was done in two separate transactions. The first was a $550 million 5.25% Senior Note and the second was with additional borrowings of a $450.0 million tranche B term loan facility under B&G Foods’ existing senior secured credit facility. This second loan is at a variable rate of LIBOR plus 2.50%. The current one-year LIBOR rate is 1.99%.

These two transactions should provide additional flexibility for B&G, but it would also change the dividend coverage figures stated by CFO Bruce Wacha during the Q2 call. However, the liquidity provided by the recent debt moves should also allow B&G to pursue additional acquisitions, continue buying back shares and continue to fund its generous dividend.

Q4 at B&G
We are all familiar with the term Black Friday. It's currently used to mark the day after Thanksgiving although it dates back to

the crash of the U.S. gold market on September 24, 1869. Two notoriously ruthless Wall Street financiers, Jay Gould and Jim Fisk, worked together to buy up as much as they could of the nation’s gold, hoping to drive the price sky-high and sell it for astonishing profits. On that Friday in September, the conspiracy finally unraveled, sending the stock market into free-fall and bankrupting everyone from Wall Street barons to farmers.

A century later, the term referred to the high number of traffic fatalities on the day after Thanksgiving. More recently, the term refers to the sales that kick off the holiday shopping, and a date when retailers would go into the black for the year. While B&G does not run Black Friday specials, the Thanksgiving, Christmas and New Year's festivities help make Q4 the company's largest revenue-producing quarter.

So, when B&G reports results, it will already be one month into Q4 and management should have a decent indication about how well the fourth quarter is going to turn out. It will find out how well its new Green Giant "innovation" products are being received and whether the rest of the product line is holding up. If guidance is reaffirmed, I would expect to see the stock move higher. I would also like to see the company comment about the dividend in the earnings release or during the conference call as it did when Q2 was reported.

Unfortunately, based upon the last few years, a dividend announcement seems unlikely to occur. The Q4 dividend announcements in recent years have been made a few days after the earnings were released, even when the company had a dividend increase in Q4. (Note that the Q4 dividend announcements in early November would be for the payment made at the end of January 2020 for shareholders of record at year-end 2019.)

Summary
B&G has been heavily shorted for months, and my Schwab trading platform consistently shows the stock as "Hard to Borrow." The recent downward moves in the share price suggest that the latest two-week period continued to show heavy shorting.

More importantly, it appears as though the shorts are betting on a dividend cut. I'm choosing to believe management's statements about the dividend coverage and that the recent re-financing moves buy the company more time to shore up the balance sheet.

Then again, my positive outlook could just be some of that bias creeping into the article.

[Author's Update, 4:00 AM, October 30: After this article was submitted and published @steelworker2004 pointed out that the company issued a press release at 8:13 PM Eastern Daylight Time announcing that:

its Board of Directors has declared a regular quarterly cash dividend of $0.475 per share of common stock. The dividend is payable on January 30, 2020 to shareholders of record as of December 31, 2019.

At the closing market price of the common stock on October 29, 2019, the current dividend rate represents an annualized yield of 12.1%. This is the 61st consecutive quarterly dividend declared by the Board of Directors since B&G Foods’ initial public offering in October 2004.

Since the announcement was made after both the regular and extended hours trading sessions had closed, I expect that this press release will result in a pre-market rally that carries through to the regular session. This is a departure from the last few years, but it is certainly welcome news for Longs and should be bad news for the Shorts. I expect to be selling some of my trading positions into this expected rally.]

Disclosure: I am/we are long BGS. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Please note the discussion on disclosures in the article. I am actively trading a significant amount of shares around a core long term position. I also DRIP the stock and actively engage in writing covered calls.

[FUNMAN]

I used to love the company. The only problem and it is a big one is they have a lot of trouble growing their brands organically.

The rely on bolt on acquisitions to be accretive. Any revenue slippage has to be made up with another acquisition. There is always more debt.

They need to get better at executing brand growth, otherwise the handwriting is on the wall regarding a dividend cut. That's the only reason I am not adding here.

[Lazarus]

Wonder what the terms are. Stock has been pounded. I've been in and out and back in.

I dont think I like this company/stock

[FUNMAN]

B&G Foods Announces Closing of $450.0 Million Term Loan B Facility
Thu October 10, 2019 4:32 PM|Business Wire|About: BGS
— Completes Redemption of 4.625% Senior Notes due 2021 —

So it looks like they will be making a small acquisition under $100M.

PARSIPPANY, N.J.--(BUSINESS WIRE)-- B&G Foods, Inc. (BGS) announced today the closing of a $450.0 million tranche B term loan facility under its existing senior secured credit facility. As previously announced, the tranche B term loans will bear interest at a rate of LIBOR plus 2.50%, with a 0.0% LIBOR floor, and have a seven year maturity.

B&G Foods (BGF) used the proceeds of the new term loans, together with the net proceeds of B&G Foods’ recently completed offering of $550.0 million of 5.25% senior notes due 2027, to redeem all $700.0 million of B&G Foods’ 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility and pay related fees and expenses. B&G Foods expects to use the remaining proceeds for general corporate purposes.

Barclays, Deutsche Bank Securities, RBC Capital Markets, BofA Securities, BMO Capital Markets, Goldman Sachs Bank USA and J.P. Morgan acted as joint lead arrangers and bookrunners, and Credit Suisse, Capital One, Citigroup, Citizens Bank (CBCF), Rabobank and TD Securities acted as joint co-documentation agents.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Polaner, SnackWell’s, Spice Islands and Victoria, there’s a little something for everyone.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates,” “assumes,” “could,” “should,” “estimates,” “potential,” “seek,” “predict,” “may,” “will” or “plans” and similar references to future periods to be uncertain and forward-looking. Factors that may affect actual results include, without limitation: the Company’s substantial leverage; the effects of rising costs for the Company’s raw materials, packaging and ingredients; crude oil prices and their impact on distribution, packaging and energy costs; the Company’s ability to successfully implement sales price increases and cost saving measures to offset any cost increases; intense competition, changes in consumer preferences, demand for the Company’s products and local economic and market conditions; the Company’s continued ability to promote brand equity successfully, to anticipate and respond to new consumer trends, to develop new products and markets, to broaden brand portfolios in order to compete effectively with lower priced products and in markets that are consolidating at the retail and manufacturing levels and to improve productivity; the risks associated with the expansion of the Company’s business; the Company’s possible inability to identify new acquisitions or to integrate recent or future acquisitions or the Company’s failure to realize anticipated revenue enhancements, cost savings or other synergies; tax reform and legislation, including the effects of the U.S. Tax Cuts and Jobs Act; the Company’s ability to access the credit markets and the Company’s borrowing costs and credit ratings, which may be influenced by credit markets generally and the credit ratings of the Company’s competitors; unanticipated expenses, including, without limitation, litigation or legal settlement expenses; the effects of currency movements of the Canadian dollar and the Mexican peso as compared to the U.S. dollar; the effects of international trade disputes, tariffs, quotas, and other import or export restrictions on the Company’s international procurement, sales and operations; future impairments of the Company’s goodwill and intangible assets; the Company’s ability to successfully complete the implementation of and operate a new enterprise resource planning (ERP) system; the Company’s ability to protect information systems against, or effectively respond to, a cybersecurity incident or other disruption; the Company’s sustainability initiatives and changes to environmental laws and regulations; and other factors that affect the food industry generally. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods’ filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20191010005817r1&sid=acqr7&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20191010005817/en/

Investor Relations:
ICR, Inc.
Dara Dierks
866.211.8151

Media Relations:
ICR, Inc.
Matt Lindberg
203.682.8214

Source: B&G Foods, Inc.

Copyright Business Wire 2019

[FUNMAN]

B&G Foods Closes $550.0 Million Public Offering of Senior Notes

I think along with the refinancing of the balance sheet, we will see another acquisition. Kraft is a seller right now. Let's see what might be available?

Business Wire Business Wire•September 26, 2019
PARSIPPANY, N.J.--(BUSINESS WIRE)--

B&G Foods, Inc. (BGS) announced today that it has completed its previously announced registered public offering of $550.0 million aggregate principal amount of 5.25% senior notes due 2027. The notes are guaranteed on a senior unsecured basis by certain subsidiaries of B&G Foods.

B&G Foods intends to use the proceeds of the offering, together with the proceeds of additional borrowings under B&G Foods’ proposed first lien senior secured term loan facility, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility, pay related fees and expenses and for general corporate purposes.

Barclays, Deutsche Bank Securities, RBC Capital Markets, BofA Merrill Lynch, BMO Capital Markets, Goldman Sachs & Co. LLC, J.P. Morgan, and Credit Suisse acted as joint bookrunning managers, and Capital One Securities, Citigroup, Citizens Capital Markets, Rabo Securities and TD Securities acted as co-managers.

This press release does not constitute a redemption notice with respect to the 4.625% senior notes and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus and the related prospectus supplement included as part of an effective shelf registration statement previously filed with the Securities and Exchange Commission.

Interested persons may obtain copies of the prospectus and the related prospectus supplement from the Securities and Exchange Commission’s website at www.sec.gov or by contacting any of the joint bookrunning managers, including: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by emailing [e-mail] or calling 888-603-5847; Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005-2836, Attn: Prospectus Group, by emailing [e-mail] or calling telephone [phone]; RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attn: DCM Transaction Management, by calling [phone]; BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, by emailing [e-mail]; BMO Capital Markets Corp., 115 S. LaSalle, Chicago, IL, 60603, Floor 36, Attn: High Yield Syndicate, by calling [phone]; Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, NY 10282, telephone: [phone], fax: [phone] or email: [e-mail]; J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling [phone]; and Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010, Attn: Prospectus Department, by emailing [e-mail] or calling 1-800-221-1037.

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Polaner, SnackWell’s, Spice Islands and Victoria, there’s a little something for everyone.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” The forward-looking statements contained in this press release include without limitation statements related to B&G Foods’ proposed term loan financing and the use of proceeds of the senior notes offering and term loan financing, including the redemption of the 4.625% senior notes due 2021. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates,” “assumes,” “could,” “should,” “estimates,” “potential,” “seek,” “predict,” “may,” “will” or “plans” and similar references to future periods to be uncertain and forward-looking. Factors that may affect actual results include, without limitation: the Company’s substantial leverage; the effects of rising costs for the Company’s raw materials, packaging and ingredients; crude oil prices and their impact on distribution, packaging and energy costs; the Company’s ability to successfully implement sales price increases and cost saving measures to offset any cost increases; intense competition, changes in consumer preferences, demand for the Company’s products and local economic and market conditions; the Company’s continued ability to promote brand equity successfully, to anticipate and respond to new consumer trends, to develop new products and markets, to broaden brand portfolios in order to compete effectively with lower priced products and in markets that are consolidating at the retail and manufacturing levels and to improve productivity; the risks associated with the expansion of the Company’s business; the Company’s possible inability to identify new acquisitions or to integrate recent or future acquisitions or the Company’s failure to realize anticipated revenue enhancements, cost savings or other synergies; tax reform and legislation, including the effects of the U.S. Tax Cuts and Jobs Act; the Company’s ability to access the credit markets and the Company’s borrowing costs and credit ratings, which may be influenced by credit markets generally and the credit ratings of the Company’s competitors; unanticipated expenses, including, without limitation, litigation or legal settlement expenses; the effects of currency movements of the Canadian dollar and the Mexican peso as compared to the U.S. dollar; the effects of international trade disputes, tariffs, quotas, and other import or export restrictions on the Company’s international procurement, sales and operations; future impairments of the Company’s goodwill and intangible assets; the Company’s ability to successfully implement a new enterprise resource planning (ERP) system; the Company’s ability to protect information systems against, or effectively respond to, a cybersecurity incident or other disruption; the Company’s sustainability initiatives and changes to environmental laws and regulations; and other factors that affect the food industry generally. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods’ filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


View source version on businesswire.com: https://www.businesswire.com/news/home/20190926005821/en/

[FUNMAN]

B&G Foods’ $1 Billion Financing Round
North America, North America Legal Chronicle
September 19, 2019

http://www.globallegalchronicle.com/bg-foods-1-billion-financing-round/

So at some point during the last 75 days of the year, it seems reasonable to assume there will be news of another accretive acquisition.


Dechert advised B&G Foods Inc. on the deal.

The transaction consisted of a registered public offering of US$550 million in aggregate principal amount of 5.25% senior notes due 2027 and a US$450 million first lien senior secured term loan facility.

Subject to customary closing conditions, the senior notes offering is expected to close on September 26, 2019, and the term loan facility is expected to close on October 11, 2019.

B&G Foods, Inc. is a leading manufacturer, seller and distributor of high-quality branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its diverse portfolio of more than 50 brands includes Green Giant, Cream of Wheat, Maple Grove Farms, Mrs. Dash and SnackWell’s.

Dechert advised B&G Foods with a team including corporate partners Stephen Leitzell (Picture), Sarah Gelb and Michael Darby, as well as associates Anna Tomczyk, Sean Rosenthal and Colleen Mallick. Other lawyers include tax partner Edward Lemanowicz and associate George Davis, and financial services associates Jeremy Sperlazza and Kathleen Hyer.

[FUNMAN]

Good luck with those new shares. We're all waiting on the next accretive acquisition.

In cost cutting moves, Kraft is looking to dump a lot of their brands for the right price.

I hope BGS can convince them to let a non-core brand go for a lot less than they are asking.

That's been the news at KHC. There is too big of a bid and ask spread.

They've been in discussions with interested acquiring parties, but the bidder are putting lower valuations on the brands than KHC, so KHC pulled them off the trading block.

Now that BGS is going to have a bunch of cash, and they are stating they intend to use some of it to refinance and reduce debt, the remainder is to be used for corporate purposes.

I am assuming they just loaded the gun and want to pull the trigger on another acquisition.

[Lazarus]

Back in this am @ $19.11

[FUNMAN]

Good for you.

Hopefully they will retire those 2021 notes, substantially reduce their revolving credit facility, and surprise us with another revenue booasting accretive acquisition.

[Lazarus]

Looks that way... I just trimmed off some shares @ $19.80 for a tidy profit and will see if it drips lower through the week

[FUNMAN]

B&G Foods prices $450M term loan B facility

Sep. 17, 2019 6:36 AM ET
About: B&G Foods, Inc. (BGS)
By: Niloofer Shaikh, SA News Editor

https://seekingalpha.com/news/3499692-b-and-g-foods-prices-450m-term-loan-b-facility?app=1#email_link

I believe they are paying a higher rate on the new offering versus the one they are retiring?

B&G Foods (NYSE:BGS) has priced $450M tranche B term loan facility under company’s existing senior secured credit facility at a price equal to 99.50% of its face value and will bear interest at a rate of LIBOR plus 2.50%, with a 0.0% LIBOR floor and will have a seven year maturity.

The company intends to use the proceeds of the new term loans, together with the net proceeds of B&G Foods’ previously announced offering of $550M of 5.25% senior notes due 2027, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility, pay related fees and expenses and for general corporate purposes.

The tranche B term loan facility is expected to close on October 11.

[Lazarus]

I wonder what rate they'll get???

I think we have a winner here.

[FUNMAN]

B&G Foods Announces Public Offering of Senior Notes

Thu September 12, 2019 9:02 AM|Business Wire|About: BGS

https://seekingalpha.com/pr/17630411-b-and-g-foods-announces-public-offering-senior-notes

This should help refinance the balance sheet in a positive way. Seems like The Street doesn't care or hasn't realized it yet.

PARSIPPANY, N.J.--(BUSINESS WIRE)-- B&G Foods, Inc. (BGS) announced today its intention to offer, subject to market and other conditions, $450.0 million aggregate principal amount of senior notes due 2027, pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. The notes will be guaranteed on a senior unsecured basis by certain subsidiaries of B&G Foods (BGF).

B&G Foods intends to use the proceeds of the offering, together with the proceeds of borrowings under B&G Foods’ proposed first lien senior secured term loan facility, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility and pay related fees and expenses. However, there can be no assurances that the offering of the new notes will be completed as described herein or at all.

Barclays, Deutsche Bank Securities, RBC Capital Markets, BofA Merrill Lynch, BMO Capital Markets, Goldman Sachs & Co. LLC, J.P. Morgan and Credit Suisse are acting as joint bookrunning managers, and Capital One Securities, Citigroup, Citizens Capital Markets, Rabo Securities and TD Securities are acting as co-managers.

This press release does not constitute a redemption notice with respect to the 4.625% senior notes and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus and the related prospectus supplement.

Interested persons may obtain copies of the prospectus and the related prospectus supplement from the Securities and Exchange Commission’s website at www.sec.gov or by contacting any of the joint bookrunning managers, including: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by emailing [e-mail] or calling 888-603-5847; Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005-2836, Attn: Prospectus Group, by emailing [e-mail] or calling telephone [phone]; RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attn: DCM Transaction Management, by calling [phone]; BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, by emailing [e-mail]; BMO Capital Markets Corp., 115 S. LaSalle, Chicago, IL, 60603, Floor 36, Attn: High Yield Syndicate, by calling [phone]; Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, NY 10282, telephone: [phone], fax: [phone] or email: [e-mail]; J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling [phone]; and Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010, Attn: Prospectus Department, by emailing [e-mail] or calling 1-800-221-1037.

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Polaner, SnackWell’s, Spice Islands and Victoria, there’s a little something for everyone.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” The forward-looking statements contained in this press release include without limitation statements related to B&G Foods’ intention to offer senior notes, the proposed term loan financing and the use of proceeds of such senior notes offering and term loan financing, including the redemption of the 4.625% senior notes due 2021. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates,” “assumes,” “could,” “should,” “estimates,” “potential,” “seek,” “predict,” “may,” “will” or “plans” and similar references to future periods to be uncertain and forward-looking. Factors that may affect actual results include, without limitation: the Company’s substantial leverage; the effects of rising costs for the Company’s raw materials, packaging and ingredients; crude oil prices and their impact on distribution, packaging and energy costs; the Company’s ability to successfully implement sales price increases and cost saving measures to offset any cost increases; intense competition, changes in consumer preferences, demand for the Company’s products and local economic and market conditions; the Company’s continued ability to promote brand equity successfully, to anticipate and respond to new consumer trends, to develop new products and markets, to broaden brand portfolios in order to compete effectively with lower priced products and in markets that are consolidating at the retail and manufacturing levels and to improve productivity; the risks associated with the expansion of the Company’s business; the Company’s possible inability to identify new acquisitions or to integrate recent or future acquisitions or the Company’s failure to realize anticipated revenue enhancements, cost savings or other synergies; tax reform and legislation, including the effects of the U.S. Tax Cuts and Jobs Act; the Company’s ability to access the credit markets and the Company’s borrowing costs and credit ratings, which may be influenced by credit markets generally and the credit ratings of the Company’s competitors; unanticipated expenses, including, without limitation, litigation or legal settlement expenses; the effects of currency movements of the Canadian dollar and the Mexican peso as compared to the U.S. dollar; the effects of international trade disputes, tariffs, quotas, and other import or export restrictions on the Company’s international procurement, sales and operations; future impairments of the Company’s goodwill and intangible assets; the Company’s ability to successfully implement a new enterprise resource planning (ERP) system; the Company’s ability to protect information systems against, or effectively respond to, a cybersecurity incident or other disruption; the Company’s sustainability initiatives and changes to environmental laws and regulations; and other factors that affect the food industry generally. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods’ filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20190912005543r1&sid=acqr7&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20190912005543/en/

Investor Relations:
ICR, Inc.
Dara Dierks
866.211.8151

Media Relations:
ICR, Inc.
Matt Lindberg
203.682.8214

Source: B&G Foods, Inc.

Copyright Business Wire 2019

[FUNMAN]

Green Giant to stay away from meat alternatives for now

Lazarus, I think you are buying at a very attractive price. I hold BGS, KHC and UN. I feel good about the whole sector recovering. All good dividend payers too.

https://www.foodbusinessnews.net/articles/14455-green-giant-to-stay-away-from-meat-alternatives-for-now

BOSTON — B&G Foods, Inc. has innovative plans in place for its Green Giant brand, but none currently include meat alternatives.


“Our vision for Green Giant is not just to do frozen vegetables and shelf-stable vegetables, although we’re going to continue to innovate in those areas, but our vision is to make Green Giant the plant-based, vegetable-forward brand of the future: that we’re not just making vegetable products but products made from vegetables,” said Kenneth G. Romanzi, president and chief executive officer, in a Sept. 4 presentation at the Barclays Global Consumer Staples Conference in Boston. “While there’s a lot of people going after protein replacements, we’re not ready for that yet, but we still think there’s a lot of opportunity for carb replacements, and that’s what we mean by products made with vegetables.”


Cauliflower pizza crusts and Green Giant Harvest Protein Bowls, both recent product launches, are building distribution, he said. The Green Giant vegetable brand is found in three kinds of store locations, Mr. Romanzi said.


“It’s in shelf-stable and frozen with us, but we also license the brand in fresh produce,” he said. “So it’s in all those areas of the store. It’s got very, very high brand awareness amongst consumers — 95%.”


B&G Foods acquired the Green Giant brand from General Mills, Inc. in 2015.


B&G Foods, Parsippany, N.J., will stay on the lookout for acquisitions of undervalued brands, Mr. Romanzi said. He gave recent examples of this strategy in the brands Victoria, McCann’s and Clabber Girl.


“Our mission really is, we acquire and nurture undervalued brands,” he said, adding that larger companies might not give enough time and attention to the brands.


“We could take a brand like McCann’s, which is about $12 million in sales,” he said. “We could take that from $12 million to $24 million to $36 million.”


He said sales in the Victoria brand could grow to $80 million from $40 million.


B&G Foods paid about $70 million in cash to purchase Victoria Fine Foods, L.L.C., a supplier of pasta and specialty sauces, condiments and gourmet spreads, from Huron Capital Partners in December 2016. In July 2018, B&G Foods paid $32 million in cash to acquire McCann’s brand of Irish oatmeal from TreeHouse Foods, Inc. In May of this year, B&G Foods acquired the Clabber Girl Corp. from Hulman & Co. Innovation soon should come in Clabber Girl, Mr. Romanzi said.


“Our vision for this company is to be part of every eating occasion,” he said of B&G Foods. “We’re basically now in over 80% of households. Now we’ve got to get more of our brands in more people’s hands for different eating occasions, whether it be breakfast, snacking, meals, grilling, and now with Clabber Girl, we’ve got a nice foundation in baking given our presence with Grandma’s Molasses and Baker’s Joy and some new products that Clabber Girl has in the pipeline.”

[Lazarus]

I have been buying this recently

$BGS

#Lazarusin

[Bitcoins]

It sure seems so! Im in @ 21 & I’m hoping the yield stays...

[Wildfalls]

I'm in @ $29 and wonder if this drop is so the Co. can do their stock buyback on the cheap ?

[T695]

This could break $27 and hit $28 today or this week

[Lazarus]

If you loved the yield at $36.00 the you should be licking your chops here at $26.55. Just bot some in my IRA

[FUNMAN]

Schwan's Co. has hired Piper Jaffray for a sale.

https://www.cnbc.com/2017/11/30/schwans-one-of-the-largest-us-private-companies-weighs-sale.html


For the right price this would be a great acquisition for B&G.

[Jiffytrader]

Love the yield

[FUNMAN]

B&G Foods Closes $400.0 Million Public Offering of Senior Notes

http://www.businesswire.com/news/home/20171120006114/en/BG-Foods-Closes-400.0-Million-Public-Offering


History shows they will retire some previously issued notes due sooner than this note, and use the remaining dry powder for another accretive acquisition.

[FUNMAN]

Glad you profited. The balance of $400 million they are raising to pay off some debt is dry powder for another acquisition.

The last one was received with a yawn.


http://www.bgfoods.com/investor-relations/news/article/2304102


After the integration period it is expected to add at least a penny to the quarterly dividend.

Another acquisition will certainly position BGS for more dividend growth.

[BlueRayn]

Bought and sold this a week ago. Took the green. Its overbought now. Will wait for next pullback. Really like this stock though

[FUNMAN]

B&G Foods, Inc. (BGS) Upgraded by Stephens to “Overweight”
Posted by Xavier Holt on Nov 11th, 2017

Stephens upgraded shares of B&G Foods, Inc. (NYSE:BGS) from an equal weight rating to an overweight rating in a report released on Wednesday, November 1st, Marketbeat.com reports. The brokerage currently has $39.00 price target on the stock.

[FUNMAN]

B&G Foods skies after strong earnings

Nov. 1, 2017 9:18 AM ET|About: B&G Foods, Inc. (BGS)|By: Clark Schultz, SA News Editor
B&G Foods (NYSE:BGS) flies in early trading after a solid beat on both line of its Q3 report.

The company reported a 10.5% gain in adjusted EBITDA for the quarter and churned up net income of $32.7M. Sales were up 28% to $480.4M as recent acquisitions factored in.

Looking ahead, B&G sees FY17 revenue of $1.66B to $1.685B vs. $1.66B consensus.

The result from B&G were strong enough to prompt an upgrade from Stephens to Overweight and new price target of $39.

Previously: B&G Foods beats by $0.08, beats on revenue (Oct. 31)

BGS +13.21% premarket to $36.00 vs. a 52-week trading range of $29.50 to $47.75.

[BlueRayn]

Watching this one closely Monday 8/7 morning. Lowest 3 day RSI in the last year. Will possibly test your support level imo.

[ITMS]

I'm Looking To Add This Food Stock To My Shopping Cart

As you all know, most of the leading food stocks have been under heavy selling pressure as of late. Recently, I have been posting a lot of charts of food and beverage stocks that have been declining into very attractive levels for a long side trade. Now I'm looking at another leading food stock that is nearing a major chart support level. This time I will be waiting for B&G Foods, Inc.(NYSE:BGS) to trade down to the $31.75 level. It should be noted that this chart area was supported in September 2015. In fact, this level was also where a reversal and break-out occurred on the monthly chart. Very often, when major break-out levels are retested it will usually be a major chart support. In my humble opinion, this is where I would expect a major bounce in the shares of BGS stock.




Nicholas Santiago
InTheMoneyStocks

[iheartweimers]

I don't know why iHubbers don't follow this stock. Solid company with good dividends. Store brand foods continue to gain market share over name brands as consumer buying power continues to decrease. As it will this year because of Obamacare co-pays regardless of who wins election.

[burton60]

Just watching love price drop today