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B&G Foods Declares Dividend of $0.465 per Share

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Nov. 9 2016, Updated 1:06 p.m. ET

Price movement

B&G Foods (BGS) has a market cap of $2.8 billion. It rose 1.5% to close at $41.60 per share on November 4, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -6.1%, -13.7%, and 22.4%, respectively, on the same day.

BGS is trading 10.8% below its 20-day moving average, 12.0% below its 50-day moving average, and 0.93% below its 200-day moving average.

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Related ETF and peers

The Vanguard Small-Cap ETF (VB) invests 0.11% of its holdings in BGS. The ETF tracks the CRSP US Small Cap Index. The market cap–weighted index includes the bottom 2%–15% of the investable universe. The YTD price movement of VB was 4.6% on November 4.

The market caps of BGS’s competitors are as follows:

  • General Mills (GIS) — $36.0 billion
  • J.M. Smucker (SJM) — $15.1 billion
  • TreeHouse Foods (THS) — $4.9 billion

B&G Foods declared dividend

B&G Foods has declared a quarterly cash dividend of $0.465 per share on its common stock. The dividend will be paid on January 30, 2017, to shareholders of record on December 30, 2016.

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Performance of B&G Foods in fiscal 3Q16

B&G Foods reported fiscal 3Q16 reported net sales of $318.2 million, a rise of 49.2% compared to net sales of $213.3 million in fiscal 3Q15. The company’s gross profit margin and operating margin rose 270 basis points and 240 basis points, respectively, in fiscal 3Q16 compared to fiscal 3Q15.

Its net income and EPS (earnings per share) rose to $32.4 million and $0.50, respectively, in fiscal 3Q16 compared to $19.8 million and $0.34, respectively, in fiscal 3Q15. It reported adjusted EPS of $0.56 in fiscal 3Q16, a rise of 43.6% compared to fiscal 3Q15.

BGS’s inventories and trade accounts receivable rose 9.1% and 30.0%, respectively, in fiscal 3Q16 compared to fiscal 4Q15. It reported cash and cash equivalents of $240.6 million in fiscal 3Q16, compared to $5.2 million in fiscal 4Q15.

B&G Foods’s current ratio rose to 4.1x and debt-to-equity ratio fell to 2.5x in fiscal 3Q16 compared to a current ratio and a debt-to-equity ratio of 3.4x and 4.6x, respectively, in fiscal 4Q15.

Projections

B&G Foods has made its projections for fiscal 2016:

  • net sales in the range of $1.38 billion–$1.40 billion
  • adjusted EBITDA in the range of $322.0 million–$328.0 million
  • adjusted EPS in the range of $2.11–$2.17

Next, we’ll look at Autoliv (ALV).

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