最新ニュース B&G Foods (NYSE:BGS) 株価情報

B&G Foods

B&G Foods Inc is an American packaged-food manufacturer. It operate in a single industry segment and manufacture, sell and distribute a diverse portfolio of high-quality shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, 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.

B&G Foods Inc

BGSF Inc

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On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is a Bitcoin play and he prefers to <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">actually own </a>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
MicroStrategy announced it completed its previously announced offering of its 0% convertible senior notes due 2029. MicroStrategy said the aggregate principal amount of the notes sold in the offering was $3 billion, which includes $400 million aggregate principal amount of notes issued pursuant to an option to purchase.
When asked about Oscar Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>), he said, &#8220;Until I saw that Mark Bertolini is the CEO, I didn't really have much in store for this. But Bertolini's a winner and a hitter.&#8221;
On Nov. 7, Oscar Health reported a quarterly loss of 22 cents per share which missed the analyst consensus estimate of a loss of 19 cents per share. The company reported quarterly sales of $2.42 billion which beat the analyst consensus estimate of $2.34 billion.
CNH Industrial N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNH#NYSE">CNH</a>) is a &#8220;second-rater,&#8221; Cramer said. &#8220;I want to go with best of breed, and best of breed is John Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>).&#8221;
On Nov. 7, CNH Industrial reported worse-than-expected third-quarter EPS results and also lowered FY24 adjusted EPS outlook.
&#8220;The former, BGS, is a total loser and has been a loser for many, many years,&#8221; Cramer said when asked about B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>).
On Nov. 5, B&amp;G Foods reported worse-than-expected third-quarter financial results and issued FY24 net sales guidance below estimates.
When asked about Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), he said, &#8220;It's moth to flame, but I don't know how close the moth is to the flame.&#8221;
On Nov. 19, Goldman Sachs analyst Noah Poponak maintained Rocket Lab with a Neutral and raised the price target from $5 to $12.
Price Action:
<ul>
<li>Oscar Health shares fell 4.1% to settle at $16.31 on Thursday.</li>
<li>CNH Industrial shares gained 4.6% to close at $11.92.</li>
<li>Rocket Lab shares gained 11.1% to close at $22.41.</li>
<li>MicroStrategy shares fell 16.2% to settle at $397.28 during the session.</li>
</ul>
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
<h3 class="wp-block-heading">Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)</h3>
<ul>
<li>Dividend Yield: 11.79%</li>
<li>UBS analyst Kevin Caliendo maintained a Neutral rating and raised the price target from $9 to $10 on Oct. 17. This analyst has an accuracy rate of 73%.</li>
<li>Morgan Stanley analyst Erin Wright maintained an Underweight rating and cut the price target from $9 to $7 on Oct. 11. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: Walgreens agreed to $100 million settlement over alleged deceptive pricing of generic drugs.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111824&amp;t=be2bearmibe3na1">latest WBA news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18043410/image-178.png" alt="" class="wp-image-652534" style="width:653px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18043410/image-178.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18043410/image-178-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18043410/image-178-768x700.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>)</h3>
<ul>
<li>Dividend Yield: 12.24%</li>
<li>Barclays analyst Brandt Montour maintained an Equal-Weight rating and cut the price target from $8 to $7 on Nov. 7. This analyst has an accuracy rate of 69%.</li>
<li>TD Cowen analyst Robert Moskow maintained a Sell rating and slashed the price target from $8 to $7.5 on Nov. 6. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Nov. 5, B&amp;G Foods reported worse-than-expected third-quarter financial results and issued FY24 net sales guidance below estimates.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111824&amp;t=be2bearmibe3na1">latest BGS news</a> </li>
</ul>
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<h3 class="wp-block-heading">The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>)</h3>
<ul>
<li>Dividend Yield: 5.14%</li>
<li>Piper Sandler analyst Michael Lavery maintained an Overweight rating and cut the price target from $41 to $40 on Oct. 31. This analyst has an accuracy rate of 69%.</li>
<li>Mizuho analyst John Baumgartner maintained an Outperform rating and cut the price target from $43 to $41 on Oct. 31. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On Nov. 13, the company's board declared a regular quarterly dividend of 50 cents per share on its common stock.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111824&amp;t=be2bearmibe3na1">KHC stock</a>. </li>
</ul>
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Analyst Ratings

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The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">B&amp;G Foods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>)</h3>
<ul>
<li>On Nov. 5, B&amp;G Foods reported worse-than-expected third-quarter financial results and issued FY24 net sales guidance below estimates. Casey Keller, President and Chief Executive Officer of B&amp;G Foods, said, &#8220;B&amp;G Foods&#8217; third quarter results reflected a slower than expected recovery in sales trends, consistent with the center store packaged food industry. We expect trends to gradually improve and stabilize into the first half of 2025 as we lap consumer reaction to higher prices across food categories.&#8221; The company's stock fell around 23% over the past month and has a <a href="https://www.benzinga.com/quote/BGS">52-week low of $6.25</a>.</li>
<li>RSI Value: 26.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>BGS Price Action: Shares of B&amp;G Foods fell 3.2% to close at $6.29 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111424&amp;t=be2bearmibe3na1">latest BGS news</a>. </li>
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<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14035750/image-145.png" alt="" class="wp-image-647356" style="width:646px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14035750/image-145.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14035750/image-145-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14035750/image-145-768x711.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">Coca-Cola Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>)</h3>
<ul>
<li>On Oct. 23, Coca-Cola reported a third-quarter 2024 sales decline of 1% year-on-year to $11.9 billion, beating the analyst consensus estimate of $11.59 billion. Coca-Cola forecasts 2024 organic revenue growth of approximately 10%, compared to prior guidance of 9%—10%. The company's stock fell around 10% over the past month and <a href="https://www.benzinga.com/quote/KO">has a 52-week low</a> of $56.70.</li>
<li>RSI Value: 21.53</li>
<li>KO Price Action: Shares of Coca-Cola fell 0.3% to close at $63.00 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111424&amp;t=be2bearmibe3na1">KO stock</a>. </li>
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<h3 class="wp-block-heading">Estee Lauder Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>)</h3>
<ul>
<li>On Oct. 31, the company reported first-quarter adjusted earnings per share of 14 cents, beating the street view of 9 cents. Quarterly sales of $3.36 billion (down 4%), missed the analyst consensus estimate of $3.371 billion. "With this complex industry landscape, including the particular difficulty in forecasting the timing of market stabilization and recovery in China and Asia travel retail, and in the context of leadership changes, we are solely issuing an outlook for the second quarter and withdrawing our fiscal 2025 outlook," Fabrizio Freda, President and Chief Executive Officer said. The company's stock fell around 33% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/EL">low of $62.29.</a></li>
<li>RSI Value: 22.66</li>
<li>EL Price Action: Shares of Estee Lauder rose 0.2% to close at $62.86 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111424&amp;t=be2bearmibe3na1">breakout in EL shares</a>. </li>
</ul>
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Barclays analyst Brandt Montour maintains B&amp;G Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) with a Equal-Weight and lowers the price target from $8 to $7.

Barclays Maintains Equal-Weight on B&G Foods, Lowers Price Target to $7

TD Cowen analyst Robert Moskow maintains B&amp;G Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) with a Sell and lowers the price target from $8 to $7.5.

TD Cowen Maintains Sell on B&G Foods, Lowers Price Target to $7.5

WIIM

B&G Foods shares are trading lower after Evercore ISI Group cut its price target on the stock from $10 to $9.

Evercore ISI Group analyst David Palmer maintains B&amp;G Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) with a In-Line and lowers the price target from $10 to $9.

Evercore ISI Group Maintains In-Line on B&G Foods, Lowers Price Target to $9

B&G Foods shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 net sales guidance below estimates.

Earnings

Guidance

B&G Foods Sees FY24 Net Sales $1.920B-$1.950B Vs $1.951B Est.; Adj. Diluted EPS $0.67-$0.77

B&amp;G Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.20 by 35 percent. The company reported quarterly sales of $461.10 million which missed the analyst consensus estimate of $473.12 million by 2.54 percent. This is a 8.28 percent decrease over sales of $502.73 million the same period last year.

Earnings Misses

B&G Foods Q3 2024 Adj EPS $0.13 Misses $0.20 Estimate, Sales $461.10M Miss $473.12M Estimate

B&amp;G Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) is preparing to release its quarterly earnings on Tuesday, 2024-11-05. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect B&amp;G Foods to report an earnings per share (EPS) of $0.20.
Investors in B&amp;G Foods are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.01, which was followed by a 2.66% drop in the share price the next day.
Here's a look at B&amp;G Foods's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.09</td>
<td>0.21</td>
<td>0.29</td>
<td>0.23</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.18</td>
<td>0.30</td>
<td>0.27</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.0%</td>
<td>-28.000000000000004%</td>
<td>21.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730746958_0.png" alt="eps graph" />
<h3>Tracking B&amp;G Foods's Stock Performance</h3>
Shares of B&amp;G Foods were trading at $8.62 as of November 01. Over the last 52-week period, shares are down 3.19%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<h3>Insights Shared by Analysts on B&amp;G Foods</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding B&amp;G Foods.
With 1 analyst ratings, B&amp;G Foods has a consensus rating of Neutral. The average one-year price target is $10.0, indicating a potential 16.01% upside.
<h3>Analyzing Analyst Ratings Among Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Westrock Coffee, Hain Celestial Group and Mission Produce, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Westrock Coffee is maintaining an Buy status according to analysts, with an average 1-year price target of $11.5, indicating a potential 33.41% upside.</li>
<li>Hain Celestial Group received a Neutral consensus from analysts, with an average 1-year price target of $8.5, implying a potential 1.39% downside.</li>
<li>Analysts currently favor an Buy trajectory for Mission Produce, with an average 1-year price target of $15.5, suggesting a potential 79.81% upside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
The peer analysis summary offers a detailed examination of key metrics for Westrock Coffee, Hain Celestial Group and Mission Produce, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>B&amp;G Foods</td>
<td>Neutral</td>
<td>-5.33%</td>
<td>$92.04M</td>
<td>0.51%</td>
</tr>
<tr>
<td>Westrock Coffee</td>
<td>Buy</td>
<td>-7.26%</td>
<td>$41.40M</td>
<td>-20.41%</td>
</tr>
<tr>
<td>Hain Celestial Group</td>
<td>Neutral</td>
<td>-6.48%</td>
<td>$98.00M</td>
<td>-0.31%</td>
</tr>
<tr>
<td>Mission Produce</td>
<td>Buy</td>
<td>23.95%</td>
<td>$37M</td>
<td>2.38%</td>
</tr>
</tbody>
</table>

Key Takeaway:
B&amp;G Foods ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is at the top.
<h3>About B&amp;G Foods</h3>
B&amp;G Foods Inc is an American packaged-food manufacturer. It operate in a single industry segment and manufacture, sell and distribute a diverse portfolio of high-quality shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, The company's main brands are Ac'cent, B&amp;G, B&amp;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.
<h3>Breaking Down B&amp;G Foods's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, B&amp;G Foods faced challenges, resulting in a decline of approximately -5.33% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Staples sector.
Net Margin: B&amp;G Foods's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.89% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): B&amp;G Foods's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.51% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): B&amp;G Foods's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.12%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: B&amp;G Foods's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.76, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<a href="https://www.benzinga.com/quote/BGS/earnings">To track all earnings releases for B&amp;G Foods visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: B&G Foods's Earnings

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
<h3 class="wp-block-heading">Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)</h3>
<ul>
<li>Dividend Yield: 11.09%</li>
<li>UBS analyst Kevin Caliendo maintained a Neutral rating and cut the price target from $17 to $12 on July 3. This analyst has an accuracy rate of 71%.</li>
<li>RBC Capital analyst Ben Hendrix maintained a Sector Perform rating and decreased the price target from $22 to $13 on July 2. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On Friday, Walgreens Boots Alliance agreed to pay $106.8 million to settle allegations that it submitted false claims to government healthcare programs, violating the False Claims Act and state regulations.</li>
<li>Benzinga Pro's real-time newsfeed alerted to l<a href="https://pro.benzinga.com/dashboard">atest WBA new</a>s.</li>
</ul>
<h3 class="wp-block-heading">B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>)</h3>
Dividend Yield: 8.41%
<ul>
<li>Barclays analyst Brandt Montour maintained an Equal-Weight rating and cut the price target from $10 to $8 on July 19. This analyst has an accuracy rate of 64%</li>
<li>Piper Sandler analyst Michael Lavery maintained a Neutral rating and cut the price target from $9 to $8 on July 11. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Sept. 9, B&amp;G Foods issued notice of full redemption of remaining 5.25% senior notes due 2025.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://pro.benzinga.com/dashboard">trend in BGS stock</a>.</li>
</ul>
<h3 class="wp-block-heading">Altria Group, Inc. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>)</h3>
<ul>
<li>Dividend Yield: 7.89%</li>
<li>Barclays analyst Gaurav Jain maintained an Underweight rating and raised the price target from $43 to $45 on Sept. 9. This analyst has an accuracy rate of 66%.</li>
<li>Stifel analyst Matthew Smith maintained a Buy rating and raised the price target from $50 to $54 on Aug. 1. This analyst has an accuracy rate of 61%.</li>
<li>Recent News: On Aug. 22, Altria increased its quarterly dividend by 4.1% to $1.02 per share.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://pro.benzinga.com/dashboard">breakout in MO shares</a>.</li>
</ul>

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Wall Street's Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 7% Dividend Yields

The Nasdaq 100 closed sharply lower during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">B&amp;G Foods</h3>
<ul>
<li>The Trade: B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) Executive Vice President and President of Spices &amp; Flavor Solutions. Jordan E Greenberg <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,000 shares</a> at an average price of $8.33. The insider received around $66,638 from selling those shares.</li>
<li>What's Happening: On Aug. 6, B&amp;G Foods posted downbeat quarterly earnings.</li>
<li>What B&amp;G Foods Does: B&amp;G Foods Inc is an American packaged-food manufacturer.</li>
</ul>
<h3 class="wp-block-heading">Zillow</h3>
<ul>
<li>The Trade: Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) Director Erik C Blachford sold a total of 1,413 shares at an average price of $54.87. The insider received around $77,531 from selling those shares.</li>
<li>What's Happening: On Aug. 22, Zillow Group hired Soumya Tulloss as senior vice president of agent sales.</li>
<li>What Zillow Does: Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease.</li>
</ul>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) Director, CEO, President and Chairman Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $162.83. The insider received around $635,025 from selling those shares.</li>
<li>What's Happening: On July 31, Paycom Software posted upbeat quarterly earnings.</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. </li>
</ul>
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Paycom Software And 2 Other Stocks Executives Are Selling

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer called e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) &#8220;without a doubt, one of the most shorted stocks in the market.&#8221;
&#8220;And every time anything bad happens in the cosmetic group, people<a href="https://www.benzinga.com/quote/ELF/news"> </a>come down on it, but then <a href="https://www.benzinga.com/quote/ELF/news">you have to buy,&#8221; he said.</a>
Cramer said he doesn't like B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>). &#8220;It's just really a bunch of warmed over brands put together under one roof. That game doesn't work anymore,&#8221; he added.
The &#8220;Mad Money&#8221; host said Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) has &#8220;just had a major move up. Every time it's had a major move up, it then moves down.&#8221; He recommended waiting until it comes down a little bit. &#8220;It's too high for me,&#8221; he added.
Cramer recommended to wait for a pullback, when asked about UWM Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UWMC#NASDAQ">UWMC</a>).
Cramer recommended not touching Symbotic Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NYSE">SYM</a>). &#8220;The company is not the one you want to be in. It is too high, even after this comedown,&#8221; he noted.
ACADIA Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACAD#NASDAQ">ACAD</a>) is a trading stock and not an investment stock, Cramer said. &#8220;It's just too high risk for me,&#8221; he added.
&#8220;I am believing that SoFi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) may be the right one,&#8221; Cramer said. &#8220;I see the risk reward to be very positive.&#8221;
Cramer said he believes in Michael Dell, CEO of Dell, and recommended buying Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>).
Cramer recommended selling Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>).
Price Action:
<ul>
<li>E.l.f Beauty shares fell 8.7% to settle at $156.09 on Monday.</li>
<li>Acadia Pharmaceuticals shares gained 0.9% to close at $16.09.</li>
<li>B&amp;G Foods shares gained 2.6% to close at $8.63.</li>
<li>Lucid shares gained 1.4% to settle at $4.26 on Monday.</li>
<li>SoFi shares gained 2% to settle at $7.67.</li>
<li>Dell shares 0.3% to close at $111.67.</li>
<li>Johnson &amp; Johnson shares rose 0.3% to settle at $164.61 on Monday.</li>
<li>UWM shares fell 2% to close at $9.33.</li>
<li>Symbotic shares fell 2.5% to settle at $22.77.</li>
</ul>
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</ul>

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DELL

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Jim Cramer Believes In Dell CEO, Doesn't Like B&G Foods

RBC Capital analyst Nik Modi reiterates B&amp;G Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) with a Sector Perform and maintains $10 price target.

Reiteration

RBC Capital Reiterates Sector Perform on B&G Foods, Maintains $10 Price Target

B&G Foods Sees FY24 Adj. EPS $0.70-$0.90 vs $0.81 Est., Net Sales $1.945B-$1.970B vs $1.95B Est.

B&amp;G Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.09 by 11.11 percent. This is a 46.67 percent decrease over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $444.590 million which beat the analyst consensus estimate of $435.830 million by 2.01 percent. This is a 5.33 percent decrease over sales of $469.637 million the same period last year.

Earnings Beats

B&G Foods Q2 2024 Adj. EPS $0.08 Misses $0.09 Estimate, Sales $444.590M Beat $435.830M Estimate

Barclays analyst Brandt Montour maintains B&amp;G Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) with a Equal-Weight and lowers the price target from $10 to $8.

Barclays Maintains Equal-Weight on B&G Foods, Lowers Price Target to $8

Piper Sandler analyst Michael Lavery maintains B&amp;G Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) with a Neutral and lowers the price target from $9 to $8.

Piper Sandler Maintains Neutral on B&G Foods, Lowers Price Target to $8

B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) announced today the pricing of an offering of an additional&nbsp;$250.0 million&nbsp;aggregate principal amount of&nbsp;8.000%&nbsp;senior secured notes due 2028 in a transaction exempt from registration under the Securities Act of 1933, as amended. The new senior secured notes are being issued at a price of&nbsp;100.5%&nbsp;plus accrued and unpaid interest from March 15, 2024 to, but excluding, the closing date. The offering, which has been upsized from the previously announced aggregate principal amount of&nbsp;$100.0 million, is expected to close on July 12, 2024, subject to customary closing conditions.
In connection with the upsizing of the offering, B&amp;G Foods expects to reduce the size of its previously announced proposed amended tranche B term loans under its senior secured credit agreement from&nbsp;$600.0 million&nbsp;to&nbsp;$450.0 million&nbsp;aggregate principal amount.
The new senior secured notes will constitute an additional issuance of senior secured notes under the indenture, dated as of September 26, 2023, governing the previously issued&nbsp;8.000%&nbsp;senior secured notes due 2028.

Offerings

B&G Foods Raises $250M Via Upsized Senior Secured Notes Offering, Up From Prior Limit Of $100M

B&G Foods, Inc. (BGS) Q3 2024 Earnings Call Transcript

RBC Capital analyst Nik Modi maintained a Hold rating on B&G Foods (BGS – Research Report) on November 4 and set a price target of $10.00. The comp...

B&G Foods (BGS) Receives a Hold from RBC Capital

Analyst Robert Moskow from TD Cowen maintained a Sell rating on B&G Foods (BGS – Research Report) and decreased the price target to $7.50 from $8.0...

B&G Foods Faces Challenges: Sell Rating Amid Lowered Guidance and Increased Financial Pressure

TD Cowen lowered the firm's price target on B&G Foods to $7.50 from $8 and keeps a Sell rating on the shares. The firm said they missed 3Q expectat...

B&G Foods price target lowered to $7.50 from $8 at TD Cowen

Evercore ISI analyst David Palmer maintained a Hold rating on B&G Foods (BGS – Research Report) today and set a price target of $9.00. The company'...

B&G Foods (BGS) Gets a Hold from Evercore ISI

Barclays analyst Andrew Lazar lowered the firm's price target on B&G Foods to $7 from $8 and keeps an Equal Weight rating on the shares. Based on t...

B&G Foods price target lowered to $7 from $8 at Barclays

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Press Releases

B&G FOODS INTRODUCES THE B&G® PICKLEBALL BAG IN COLLABORATION WITH NYC DESIGNER, MADE BY ALEX

B&G Foods Announces Closing of Tack-on Offering of Senior Secured Notes and Credit Agreement Refinancing

B&G Foods Announces Date of Second Quarter 2024 Earnings Conference Call

B&G Foods Declares Regular Quarterly Dividend

B&G Foods Reports Financial Results for Second Quarter 2024

B&G Foods to Participate at the Barclays Global Consumer Staples Conference

B&G Foods Issues Notice of Full Redemption of Remaining 5.25% Senior Notes due 2025

B&G Foods Announces Date of Third Quarter 2024 Earnings Conference Call

B&G Foods Reports Financial Results for Third Quarter 2024

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