5 Consumer Defensive Dividend Stocks with Over 2% Yield

1. B&G Foods, Inc. (NYSE: BGS)

Number of Hedge Fund Holders: 10
Dividend Yield: 6.4%

B&G Foods, Inc. (NYSE: BGS) manufactures and distributed shelf-stable and frozen foods alongside household products, for sale in the US, Canada, and Puerto Rico. The company ranks 1st on our list of consumer defensive dividend stocks with over 2% yield.

RBC Capital’s Nik Modi as of this March holds a Sector Perform rating on shares of B&G Foods, Inc. (NYSE: BGS). The analyst also has a $29 price target on the stock.

In the second quarter of 2021, B&G Foods, Inc. (NYSE: BGS) had an EPS of $0.41, missing estimates by $0.07. The company’s revenue was $464.38 million, beating estimates by $24.37 million. B&G Foods, Inc. (NYSE: BGS) has gained 10.07% year to date and 3.92% in the past year.

By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in B&G Foods, Inc. (NYSE: BGS) worth roughly $23.2 million. This is compared to 15 hedge funds in the previous quarter with a total stake value of approximately $57.2 million.

You can also take a peek at 15 Best Consumer Discretionary Stocks to Buy Now and 15 Biggest Wholesale Companies In The World.

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