Sei Investments Co. Sells 10,710 Shares of B&G Foods, Inc. (NYSE:BGS)

Sei Investments Co. cut its holdings in B&G Foods, Inc. (NYSE:BGS) by 45.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,900 shares of the company’s stock after selling 10,710 shares during the period. Sei Investments Co.’s holdings in B&G Foods were worth $423,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Stifel Financial Corp increased its stake in shares of B&G Foods by 2.9% in the first quarter. Stifel Financial Corp now owns 156,736 shares of the company’s stock worth $4,869,000 after purchasing an additional 4,366 shares during the period. Geode Capital Management LLC increased its stake in B&G Foods by 11.1% during the first quarter. Geode Capital Management LLC now owns 1,031,539 shares of the company’s stock valued at $32,039,000 after acquiring an additional 102,688 shares during the period. Principal Financial Group Inc. increased its stake in B&G Foods by 2.1% during the first quarter. Principal Financial Group Inc. now owns 562,365 shares of the company’s stock valued at $17,467,000 after acquiring an additional 11,614 shares during the period. Alliancebernstein L.P. increased its stake in B&G Foods by 1.6% during the first quarter. Alliancebernstein L.P. now owns 99,753 shares of the company’s stock valued at $3,098,000 after acquiring an additional 1,570 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new position in B&G Foods during the first quarter valued at about $3,137,000. Institutional investors and hedge funds own 66.18% of the company’s stock.

Shares of BGS opened at $29.92 on Friday. B&G Foods, Inc. has a 12-month low of $25.26 and a 12-month high of $47.84. The company has a quick ratio of 0.99, a current ratio of 3.43 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 17.60 and a beta of 0.40. The stock’s 50-day moving average price is $29.76 and its 200 day moving average price is $30.61.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Thursday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). B&G Foods had a net margin of 5.59% and a return on equity of 15.71%. The firm had revenue of $464.38 million for the quarter, compared to the consensus estimate of $436.93 million. Equities research analysts expect that B&G Foods, Inc. will post 2.02 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 1st. Investors of record on Thursday, September 30th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $1.90 annualized dividend and a yield of 6.35%. B&G Foods’s dividend payout ratio is 84.07%.

B&G Foods Profile

B&G Foods, Incis 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.

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

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