B&G Foods (BGS) Deal Draws Mixed View From TD Cowen

B&G Foods, Inc. (NYSE:BGS) is included among the 13 Dividend Stocks with Over 8% Yield.

On January 16, TD Cowen analyst Robert Moskow raised his price target on B&G Foods, Inc. (NYSE:BGS) to $3.50 from $3 but kept a Sell rating on the stock. The update followed B&G’s announcement that it had struck a deal to buy the College Inn and Kitchen Basics broth brands from Del Monte Foods for about $110 million through a bankruptcy auction process.

The day before, on January 15, B&G confirmed it had agreed to acquire Del Monte Foods’ broth and stock business, including both brands, for roughly $110 million in cash. The final price will be adjusted for inventory at closing, and the company will also assume certain liabilities tied to the business. B&G won the assets after a competitive bidding process connected to the Chapter 11 bankruptcy of Del Monte Foods Corporation II and some of its affiliates.

The deal still needs approval from the Bankruptcy Court and must meet other standard closing conditions. It is also contingent on the completion of two other bankruptcy-related sales by Del Monte that are unrelated to B&G or the broth business. If everything lines up, the transaction is expected to close in the first quarter of 2026.

B&G Foods, Inc. (NYSE:BGS) and its subsidiaries make, market, and distribute branded shelf-stable and frozen food products throughout the US, Canada, and Puerto Rico.

While we acknowledge the potential of BGS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Best S&P 500 Dividend Stocks to Buy in 2026 and Retirement Stock Portfolio: 12 Low Risk Investments

Disclosure: None.