The latest analysis of three stocks with over 5% dividend yields reveals interesting insights from top analysts:
Altria Group, Inc. (NYSE: MO)
Dividend Yield: 9.43%
Analyst Pamela Kaufman from Morgan Stanley maintains an Equal-Weight rating with a price target of $45, while Matthew Smith from Stifel reinstated a Buy rating with a price target of $52.
Recent News: Altria Group announced the retirement of Director Jacinto J. Hernandez on Feb. 26, 2024.
B&G Foods, Inc. (NYSE: BGS)
Dividend Yield: 6.87%
Analyst Michael Lavery from Piper Sandler raised the price target to $9, while Robert Moskow from TD Cowen cut the price target to $9.5.
Recent News: B&G Foods reported better-than-expected fourth-quarter results on Feb. 27, 2024.
Leggett & Platt, Incorporated (LEG)
Dividend Yield: 8.88%
Analyst Keith Hughes from Truist Securities cut the price target to $18, and Peter Keith from Piper Sandler lowered the price target to $18.
Recent News: Leggett & Platt reported worse-than-expected fourth-quarter financial results on Feb. 8, 2024.
These updates offer a glimpse into the current views of analysts and recent developments for these high-dividend stocks across various sectors.
B&G Foods, Inc. (BGS) Stock Price Declines on March 8, 2024: What Investors Need to Know
On March 8, 2024, B&G Foods, Inc. (BGS) experienced a slight decrease in its stock price. BGS shares closed at $11.06, marking a $0.06 drop from the previous market close, a decrease of 0.54%. In pre-market trading, the stock continued to decline, dropping an additional $0.13. This downward trend in the stock price may be concerning to investors, as it suggests a lack of upward momentum in the short term. Investors should consider factors influencing BGS’s stock performance such as the company’s financial health, market conditions, industry trends, and news or events related to the company. Conducting thorough research and analysis, tracking key indicators, and staying informed can help investors make informed choices and navigate market fluctuations effectively. By considering the broader context and factors influencing the stock price, investors can make strategic choices to achieve their investment goals.
BGS Stock Performance Analysis: Revenue Decreases, Net Income Improves – March 8, 2024
On March 8, 2024, BGS stock experienced mixed performances based on the financial data provided by CNN Money. The company reported a total revenue of $2.06 billion for the past year, which decreased by 4.65% compared to the previous year. However, the total revenue remained flat at $578.13 million for the last quarter.
In terms of net income, BGS reported a net loss of $66.20 million for the past year, which represents a significant decrease of 482.22% compared to the previous year. On the other hand, the net income for the last quarter was $2.58 million, showing an increase of 103.11% compared to the previous quarter.
Earnings per share (EPS) for BGS were reported at -$0.89 for the past year, which decreased by 452.29% compared to the previous year. The EPS remained flat at $0.03 for the last quarter.
Overall, BGS stock performances on March 8, 2024, were a mix of negative and positive trends. Investors and analysts will likely closely monitor BGS’s financial performance in the coming quarters to assess the company’s ability to improve its revenue and profitability. Any significant changes in these metrics could impact the stock price and investor sentiment towards BGS.
