The company is so good at acquiring brands and revitalizing them, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment.
In this case -- in B&G's words -- the company was able to "awaken the Green Giant," Cramer said, referring to the company's $765 million purchase of the Green Giant business from General Mills (GIS) - Get Report .
"This was a win-win for everyone," Cramer explained. "General Mills became much more natural and organic by getting rid of Green Giant, and B&G Foods was able to pump up the volume and awaken the Giant."
B&G also raised guidance for earnings and revenue. This is a great company that has a nice dividend yield, he added. B&G Foods currently yields 3.7%.
Shares are up a whopping 77% over the past year and the stock was upgraded to buy by the analysts at DA Davidson.
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.