16.81 0.00 (0.03%)
After hours: 4:02PM EDT
|Bid||16.79 x 900|
|Ask||16.80 x 800|
|Day's Range||16.46 - 16.89|
|52 Week Range||16.21 - 31.60|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||6.19|
|Earnings Date||Oct 28, 2019 - Nov 1, 2019|
|Forward Dividend & Yield||1.90 (11.39%)|
|1y Target Est||23.00|
B&G Foods 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, Rabobank and TD Securities acted as joint co-documentation agents.
Hershey (HSY) has been undertaking buyouts to augment portfolio and expand in the snacking category. Also, the company focuses on optimizing portfolio to increase profitability.
B&G Foods, Inc. 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.
Hershey (HSY) regularly brings innovation to meet consumer demand. Further, the company is focusing on solidifying its footing in the growing snacking business.
It looks like B&G Foods, Inc. (NYSE:BGS) is about to go ex-dividend in the next 4 days. You can purchase shares...
As previously announced, B&G Foods intends to use the proceeds of the new term loans, together with the net proceeds of B&G Foods’ previously announced offering of $550.0 million 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. 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.
B&G Foods, Inc. announced today the pricing of a registered public offering of $550.0 million aggregate principal amount of 5.25% senior notes due 2027 at a price to the public of 100% of their face value.
B&G Foods, Inc. 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.
Moody's Investors Service ("Moody's") changed B&G Foods, Inc. ("B&G") rating outlook to negative from stable, and affirmed the B1 Corporate Family Rating ("CFR"), B1-PD Probability of Default Rating, and B2 senior unsecured note ratings. Moody's also downgraded the senior secured first lien revolving credit facility to Ba2 from Ba1. The Speculative Grade Liquidity Rating of SGL-1 is unchanged.
The 'Lightning Round' of Jim Cramer's Mad Money program is always exciting. In this daily bar chart of BGS, below, we can see that prices have been in a decline the past 12 months. The On-Balance-Volume (OBV) line shows a decline to a late August low and some improvement in September so far.
B&G Foods, Inc. (BGS), announced today that it intends to refinance its 4.625% senior notes due 2021 and existing indebtedness under its revolving credit facility with new tranche B term loans under B&G Foods’ existing credit facility and/or the issuance of new senior notes. The consummation of the refinancing is subject to completion of definitive agreements as well as customary closing conditions, and is subject to market and other conditions. There can be no assurance that the refinancing will occur, or, if it does, as to the terms of the refinancing.
B&G Foods (BGS) is likely to witness input cost inflation in 2019. Nevertheless, efficient cost reduction and pricing strategies bode well.
B&G Foods' (BGS) Q2 earnings crush its negative surprise record. However, sales decline owing to the divestiture of Pirates Brands, which is somewhat offset by the McCann and Clabber Girl buyouts.
B&G Foods (BGS) delivered earnings and revenue surprises of 8.57% and -0.30%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Input costs related to freight and warehousing are likely to dent B&G Foods' (BGS) Q2 performance. Also, the Pirate Brands' divestiture is likely to dent sales.