B&G Foods, Inc. (NYSE:BGS) Stock Position Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in shares of B&G Foods, Inc. (NYSE:BGS) by 28.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,370 shares of the company’s stock after buying an additional 18,500 shares during the period. Nisa Investment Advisors LLC’s holdings in B&G Foods were worth $1,577,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. NEXT Financial Group Inc acquired a new position in B&G Foods during the 2nd quarter valued at about $37,000. TRUE Private Wealth Advisors acquired a new position in B&G Foods during the 2nd quarter valued at about $44,000. Clear Perspective Advisors LLC acquired a new position in B&G Foods during the 2nd quarter valued at about $81,000. CHICAGO TRUST Co NA acquired a new position in B&G Foods during the 3rd quarter valued at about $208,000. Finally, Griffin Asset Management Inc. acquired a new position in B&G Foods during the 2nd quarter valued at about $223,000. 97.48% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on BGS. ValuEngine raised shares of B&G Foods from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Credit Suisse Group reduced their target price on shares of B&G Foods from $19.00 to $17.00 and set an “underperform” rating for the company in a research note on Friday, August 30th. Finally, Barclays reissued a “hold” rating and set a $22.00 target price on shares of B&G Foods in a research note on Monday, July 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.94.

In related news, Director Deann L. Brunts purchased 2,483 shares of B&G Foods stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $18.98 per share, with a total value of $47,127.34. Following the purchase, the director now owns 22,272 shares in the company, valued at approximately $422,722.56. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.

B&G Foods stock traded down $0.19 during midday trading on Friday, reaching $15.85. 10,238 shares of the stock traded hands, compared to its average volume of 1,394,214. The firm has a fifty day moving average price of $18.15 and a two-hundred day moving average price of $20.51. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 8.56 and a beta of 0.46. B&G Foods, Inc. has a fifty-two week low of $15.72 and a fifty-two week high of $31.60. The company has a current ratio of 3.02, a quick ratio of 0.97 and a debt-to-equity ratio of 2.12.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $371.20 million during the quarter, compared to analyst estimates of $370.24 million. B&G Foods had a net margin of 10.75% and a return on equity of 13.04%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. Analysts anticipate that B&G Foods, Inc. will post 1.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 11.99%. The ex-dividend date is Friday, September 27th. B&G Foods’s dividend payout ratio is currently 102.70%.

B&G Foods Company Profile

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, oatmeal and hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, cookies and crackers, nut clusters, and other specialty products.

Featured Story: What are the benefits of a balanced fund?

Want to see what other hedge funds are holding BGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for B&G Foods, Inc. (NYSE:BGS).

Institutional Ownership by Quarter for B&G Foods (NYSE:BGS)

Receive News & Ratings for B&G Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B&G Foods and related companies with MarketBeat.com's FREE daily email newsletter.