KHC - 1 Stock That Fearless Investors Will Love and Risk-Averse Investors Might Hate
B&G Foods (NYSE: BGS) is a consumer staples stock with a huge 8% dividend yield. Although the dividend was last increased in 2019, with such a high yield income investors will likely be pleased that it has remained steady since that point at $0.475 per share per quarter.
In some ways, this food maker is an attractive investment option. But there is one notable risk you need to consider before you jump aboard.
B&G Foods isn't your typical food maker . Its core business is basically similar to that of larger peers like General Mills (NYSE: GIS) or Kraft Heinz (NASDAQ: KHC) , in that the company makes branded food products. However, it differs greatly in that it tends to acquire unloved and smaller brands, often from larger peers. For example, it purchased the Green Giant brand from General Mills in 2015, and bought Cream of Wheat from Kraft in 2007 before that company merged with Heinz.
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1 Stock That Fearless Investors Will Love and Risk-Averse Investors Might Hate