B&G Foods, Inc. (NYSE:BGS) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in B&G Foods, Inc. (NYSE:BGS) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,608 shares of the company’s stock after purchasing an additional 2,065 shares during the quarter. SG Americas Securities LLC’s holdings in B&G Foods were worth $132,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BGS. Raymond James Financial Services Advisors Inc. raised its holdings in B&G Foods by 2.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 66,492 shares of the company’s stock worth $1,794,000 after buying an additional 1,688 shares during the period. American Century Companies Inc. raised its holdings in B&G Foods by 16.5% during the 1st quarter. American Century Companies Inc. now owns 18,804 shares of the company’s stock worth $507,000 after buying an additional 2,664 shares during the period. HighTower Advisors LLC raised its holdings in B&G Foods by 13.6% during the 1st quarter. HighTower Advisors LLC now owns 13,087 shares of the company’s stock worth $352,000 after buying an additional 1,571 shares during the period. Citigroup Inc. raised its holdings in B&G Foods by 5.7% during the 1st quarter. Citigroup Inc. now owns 61,601 shares of the company’s stock worth $1,662,000 after buying an additional 3,303 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in B&G Foods by 56.5% during the 1st quarter. MetLife Investment Management LLC now owns 33,903 shares of the company’s stock worth $915,000 after buying an additional 12,233 shares during the period. Institutional investors and hedge funds own 66.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com upgraded B&G Foods from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Piper Sandler boosted their price objective on shares of B&G Foods from $8.00 to $9.00 and gave the company an “underweight” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, B&G Foods has an average rating of “Hold” and an average target price of $9.50.

B&G Foods Stock Down 0.2 %

BGS stock opened at $10.62 on Thursday. B&G Foods, Inc. has a 12-month low of $7.20 and a 12-month high of $16.68. The company has a quick ratio of 0.89, a current ratio of 3.06 and a debt-to-equity ratio of 2.42. The company has a market cap of $839.12 million, a price-to-earnings ratio of -12.06 and a beta of 0.71. The company has a 50 day moving average of $10.71 and a two-hundred day moving average of $9.97.

B&G Foods (NYSE:BGS) last released its earnings results on Tuesday, February 27th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. B&G Foods had a negative net margin of 3.21% and a positive return on equity of 8.68%. The company had revenue of $578.13 million during the quarter, compared to the consensus estimate of $569.65 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. On average, equities analysts anticipate that B&G Foods, Inc. will post 0.83 earnings per share for the current fiscal year.

B&G Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.16%. B&G Foods’s dividend payout ratio is currently -86.36%.

B&G Foods Company Profile

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products.