| Close | Chg | Chg % |
|---|---|---|
| $34.21 | 0.22 | 0.65% |
What brands does Beatrice own?
It came to be the owner of brands such as Avis Car Rental, Playtex, Shedd's, Tropicana, John Sexton & Co, Good & Plenty, and many others. Annual sales in 1984 were roughly $ 12 billion. Beatrice's Canadian subsidiary, Beatrice Foods Canada, was founded in 1969 and became legally separate from its parent firm in 1978.
How much did John Sexton sell to Beatrice?
On December 20, 1968, Beatrice acquired the business and assets of John Sexton & Co., exchanging about 375,000 shares of Beatrice's preferred convertible preference stock valued at $37,500,000.
What happened to Beatrice Cheese Company?
In 1987, KKR had formed a new entity, with similar intent as E-II Holdings, called Beatrice Company, which was specifically created to include Beatrice Cheese, Beatrice-Hunt/Wesson, and Swift-Eckrich. In 1990, KKR sold Beatrice Company to Conagra Brands.
What is Beatrice Foods Canada Ltd?
Beatrice Foods Canada Ltd. is a Toronto, Ontario-based dairy unit of Parmalat Canada. The Canadian unit of Beatrice Foods was founded in 1969, and was separated from Beatrice Foods in 1978.
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Is Beatrice Foods still in business?
Beatrice Foods Company was a major American food processing company founded in 1894....Beatrice Foods.TypeFood processingDefunct1990 (in the US)FateAcquired by ConAgra FoodsSuccessorConagra BrandsHeadquartersIrvine, California, U.S. Downers Grove, Illinois, U.S. Chicago, Illinois, U.S.5 more rows
What happened Beatrice TLC?
TLC Beatrice International Holdings Inc., once the nation's largest black-owned company, is being liquidated as part of an evolving strategy begun after the death of its founder, Reginald Lewis, in 1993.
Who owns TLC Beatrice?
Conagra BrandsBeatrice Foods / Parent organizationConagra Brands, Inc. is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Wikipedia
When was Beatrice Foods sold?
In 1997, the company sold its food-distribution business in France for $576 million. Last summer, it sold its European beverage operations for $44 million. TLC Beatrice has about $200 million in cash from prior asset sales. The Lewis family owns 51 percent of the company.
Where is Beatrice butter made?
Beatrice main distribution and production centres are found in: Montreal. Toronto. Calgary.
Is TLC black owned?
NEW YORK -- TLC Beatrice International Holdings Inc., for years the largest black-owned business in the country, will shed the last of its holdings, bought by the late Reginald F. Lewis in a 1987 leveraged buyout that catapulted him into the corporate-takeover big leagues.
Where is Loida Nicolas Lewis now?
Loida Nicolas Lewis (born 1942) is a Filipino-born American businesswoman who is the widow of TLC Beatrice founder and CEO Reginald Lewis. She currently resides in New York City.
Is TLC black owned?
NEW YORK -- TLC Beatrice International Holdings Inc., for years the largest black-owned business in the country, will shed the last of its holdings, bought by the late Reginald F. Lewis in a 1987 leveraged buyout that catapulted him into the corporate-takeover big leagues.
How much is Reginald Lewis worth?
$400 million dollarsIn 1993, Forbes listed Lewis among the 400 richest Americans, with a net worth estimated at $400 million dollars....Reginald F. Lewis (December 7, 1942 – January 19, 1993), was an American businessman.Reginald LewisAlma materVirginia State University Harvard Law School5 more rows
Who owns Beatrice Foods?
What year did Beatrice Foods advertise?
In 1987, its international food operations were sold to Reginald Lewis, a corporate attorney, creating TLC Beatrice International, after which the majority of its domestic (U.S.) brands and assets were acquired by KKR, with the bulk of its holdings sold off.
How many separators did Beatrice Creamery sell?
1981-1984. During both the Winter and Summer Olympics that year, the corporation flooded the TV airwaves with advertisements letting the public know that many brands with which they were familiar were actually part of Beatrice Foods. These ads used the tagline (with a jingle) "We're Beatrice.
What brands does Beatrice own?
This enabled farmers to pay for the separators from the proceeds of their sales of cream. The program worked so well, the company sold more than 50,000 separators in Nebraska from 1895 to 1905. On March 1, 1905, the company was incorporated as the Beatrice Creamery Company of Iowa, with capital of $3,000,000.
What was the Beatrice acquisition?
It came to be the owner of brands such as Avis Car Rental, Playtex, Shedd's, Tropicana, John Sexton & Co, Good & Plenty, and many others. Annual sales in 1984 were roughly $ 12 billion. Beatrice's Canadian subsidiary, Beatrice Foods Canada, was founded in 1969 and became legally separate from its parent firm in 1978.
What companies did Esmark buy?
In June 1984, Beatrice acquired Esmark . The Esmark acquisition was part of the company's strategy to focus Beatrice's assets in food and consumer products businesses. In addition to the Swift & Co. and Hunt-Wesson food brands, companies owned by Esmark included Avis Rent a Car, Playtex, Jensen Electronics, and STP. Because of Esmark 's national brands, direct sales force, distribution network and research and development capabilities, its acquisition was expected to accelerate the attainment of Beatrice's marketing goals. The company also sought a higher public profile, adding their name to the end of their brands' television commercials, and sponsoring the Newman-Haas IndyCar and Haas Lola Formula One racing teams. Many analysts believe the Esmark acquisition, which was pushed by then Chairman, Chief Executive Officer and President James L. Dutt, put too much of a debt load on Beatrice, which hurt Beatrice's credit rating and therefore deflated the value of Beatrice stock valuation.
Where was the Beatrice Creamery Company located?
Other divisions sold to pay off the debt from the Esmark purchase included Brillion Iron Works, World Dryer, STP, and Buckingham Wine (distributors of Cutty Sark whisky). In 1986, Beatrice became the target of leveraged buyout specialists KKR and they ultimately purchased the firm for $8.7 billion.
When was Beatrice acquired?
The Beatrice Creamery Company was founded in 1894 by George Everett Haskell and William W. Bosworth, by leasing the factory of a bankrupt firm of the same name located in Beatrice, Nebraska. At the time, they purchased butter, milk, and eggs from local farmers and graded them for resale. They promptly began separating the butter themselves at their plant, making their own butter on site and packaging and distributing it under their own label. They devised special protective packages and distributed them to grocery stores and restaurants in their own wagons and through jobbers. To overcome the shortage of cream, the partners established skimming stations to which farmers delivered their milk to have the cream, used to make butter, separated from the milk. This led to the introduction of their unique credit program of providing farmers with cream separators so they could separate the milk on the farm and retain the skim milk for animal food. This enabled farmers to pay for the separators from the proceeds of their sales of cream. The program worked so well, the company sold more than 50,000 separators in Nebraska from 1895 to 1905. On March 1, 1905, the company was incorporated as the Beatrice Creamery Company of Iowa, with capital of $3,000,000. By the early 20th century, they were shipping dairy products across the United States, and by 1910 they operated nine creameries and three ice cream plants across the Great Plains .
What is Beatrice's new business called?
The following financial documents are related to Beatrice Company, after their acquisition by ConAgra, Inc. on August 14, 1990. There is no connection between ConAgra and Beatrice Companies, Inc., and the ConAgra reports are listed for historical purposes only.
When was Conagra acquired?
2011: Beatrice creates new business called Zyclopz, which is to handle business virtual directory services, and later web site design and web hosting.
When did Beatrice Creamery change its name?
1990 ConAgra Foods, Inc. Annual Report. The following financials are related to Beatrice Company, prior to their acquisition by ConAgra, Inc. on August 14, 1990. (Note: Beatrice Company is not same entity as Beatrice Companies, Inc. or Beatrice Foods Co., which was formed in 1924.
Who did KKR sell Beatrice to?
1946: Beatrice Creamery changes its name to ‘Beatrice Foods Co.’
What company was created in 1987?
1990: KKR sells Beatrice Company to CAGSUB, Inc., a subsidiary of ConAgra, Inc.
When did B&G buy Crisco?
1987: KKR creates new company called ‘Beatrice Company’. Which is not the same entity as Beatrice Companies, Inc. or Beatrice Foods Co., and was specifically created to include Beatrice Cheese, Inc., Beatrice-Hunt/Wesson, Inc., and Swift-Eckrich, Inc. business units
When is B&G's dividend due?
B&G Foods' 12.4% year-over-year first-quarter sales advance was helped along by its acquisition of Crisco in December 2020. The company's specific wording in its earnings release back in May was "driven by the Crisco acquisition and continued strong base business net sales.". #N#.
What is the B&G Foods Scholarship?
The dividend is payable on January 31, 2022 to shareholders of record as of December 31, 2021.
Is B&G food a big mover?
(NYSE: BGS) announced today that it has founded the B&G Foods Scholarship at The Culinary Institute of America (CIA) to support individuals from diverse backgrounds in their pursuits of culinary careers.
Who is the chairman of the Board of Directors of Bridgford Foods?
B&G Foods (BGS) was a big mover last session on higher-than-average trading volume . The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Who makes moon cheese?
The Board of Directors elected Michael W. Bridgford as Chairman of the Board. He succeeds William L. Bridgford who was elected Vice President. Michael Bridgford has most recently served as Vice President of Bridgford Foods Corporation with respons
What does Argus have to say about PPC?
In addition to these licenses, EnWave established a Limited Liability Corporation, NutraDried Food Company, LLC, to manufacture, market and sell all-natural dairy snack products in the United States, including the Moon Cheese® brand.
What is the P/E ratio of B&G Foods?
PPC: What does Argus have to say about PPC? PILGRIM'S PRIDE CORP has an Investment Rating of HOLD; a target price of $30.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of Low.
What is the dividend payout ratio of B&G Foods?
The P/E ratio of B&G Foods is 23.31 , which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.31.
What is MarketBeat community ratings?
B&G Foods does not yet have a strong track record of dividend growth. The dividend payout ratio of B&G Foods is 84.07%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, B&G Foods will have a dividend payout ratio of 81.20% in the coming year.
How much does B&G make?
MarketBeat's community ratings are surveys of what our community members think about B&G Foods and other stocks. Vote “Outperform” if you believe BGS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BGS will underperform the S&P 500 over the long term. You may vote once every thirty days.
What is the B&G food symbol?
B&G Foods has a market capitalization of $1.91 billion and generates $1.97 billion in revenue each year. The company earns $131.99 million in net income (profit) each year or $2.26 on an earnings per share basis.
What is B&G food?
B&G Foods trades on the New York Stock Exchange (NYSE) under the ticker symbol "BGS."
Is B&G a dividend payer?
B&G Foods, Inc.is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S. , Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar. Its brands include Back to Nature, Bear Creek, Cream of Wheat, Green Giant, Mrs. Dash, and Ortega. The company was founded in 1889 and is headquartered in Parsippany, NJ.
What is the price to book ratio?
B&G Foods is a leading dividend payer. It pays a dividend yield of 6.23%, putting its dividend yield in the top 25% of dividend-paying stocks.
What is face value of stock?
Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.
What is the ranking of a company within its sector based on?
Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value.
How to find book value?
This is the ranking of a company within its sector based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned.
How many stocks can you access with ET Prime?
Book value represents the value arrived at by subtracting the total liabilities from the total assets of the company. On dividing this value with the total number of shares outstanding for the company, we can arrive at book value per share. Book value is also known as Net Asset Value of a company.
What is a stock score?
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Overview
History
The Beatrice Creamery Company was founded in 1894 by George Everett Haskell and William W. Bosworth, by leasing the factory of a bankrupt firm of the same name located in Beatrice, Nebraska. At the time, they purchased butter, milk, and eggs from local farmers and graded them for resale. They promptly began separating the butter themselves at their plant, making their own butter on site and packaging and distributing it under their own label. They devised special prote…
Controversies
Through the 1980s, Beatrice was a co-defendant alongside WR Grace and Company in a lawsuit alleging that the Riley Tannery, a division of Beatrice Foods, had dumped toxic waste which contaminated an underground aquifer that supplied drinking water to East Woburn, Massachusetts. The case became the subject of the popular book and film A Civil Action. Federal judge Walter Jay Skinner ruled that Beatrice was not responsible for the contamination, although …
Current era
The original Beatrice Companies (Beatrice Foods Co. before 1984, and Beatrice Creamery Company before 1946 ) went dormant in the late 1980s, but was revived in 2007. The Beatrice of today goes by its 1984 name of Beatrice Companies, which was approved by the 1984 stockholder meeting.
Former Beatrice brands
• Absopure distilled and spring water
• Accurate Threaded Fasteners
• Acryon leisure and household products
• Advanced Nutrition Formula|Agri-Products
Beatrice Foods Canada
Beatrice Foods Canada is a Toronto, Ontario-based dairy unit of Parmalat Canada. The Canadian unit of Beatrice Foods was founded in 1969, and was separated from Beatrice Foods in 1978.
Consequently, Beatrice's Canadian unit was not affected by the buyout of its founders and remained in business as one of Canada's largest food processing concerns.
In 1997 Beatrice Foods Canada was acquired by Parmalat. At first, Parmalat decided to drop th…
See also
• Lee Archer, head of North Street Capital Corporation and Archer Asset Management
• A Civil Action
• List of defunct consumer brands
External links
• Parmalat Canada
• Beatrice Canada
• Beatrice Companies, Inc.
• Beatrice Archives
• Meadow Gold History