Stockchase Opinions

Jim Cramer - Mad Money B&G Foods Inc. BGS-N DON'T BUY Aug 26, 2024

It's a bunch of warmed-over food brands which doesn't work anymore, despite its dividend.

$8.630

Stock price when the opinion was issued

food processing
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

DON'T BUY

It does not check the technical boxes. The dividend is juicy but when it all comes together the total return has not been very good for you. If it does not work in good markets you should ask tough questions.

BUY

The food group (that includes Campbell's Soups) has come down too far too hard. The dividend is safe and can even grow. Business has been better than expected.

DON'T BUY
They had a poor quarter and weak guidance,which happens to a lot of food companies, but this pays a 6.5% dividend. They never cut the dividend in the bad days. It is leaderless now.
BUY
Down over 40% in the past year. Pays a safe 6.5% dividend. Commodities were a headwind last year, but this year a tailwind.
COMMENT

The only staple she owns. They passed costs onto consumers last year. Can they sustain those prices. Up 40% YTD on this, but down 40% in the past year.

BUY ON WEAKNESS

Down 15% in May. The 7% dividend is rich, but the earnigns growth and outlook are real.