1 day Ago By ABMN Staff
CANADA LIFE ASSURANCE Co boosted its stake in B&G Foods, Inc. ( NYSE:BGS – Free Report ) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm owned 115,660 shares of the company’s stock after buying an additional 6,896 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in B&G Foods were worth $795,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently bought and sold shares of BGS.
Barclays PLC raised its holdings in B&G Foods by 310.1% in the 3rd quarter. Barclays PLC now owns 130,693 shares of the company’s stock valued at $1,160,000 after buying an additional 98,824 shares during the period.
JPMorgan Chase & Co. raised its holdings in B&G Foods by 7.1% in the 3rd quarter.
JPMorgan Chase & Co. now owns 178,434 shares of the company’s stock valued at $1,584,000 after buying an additional 11,901 shares during the period. GAMMA Investing LLC raised its holdings in B&G Foods by 346.
0% in the 4th quarter. GAMMA Investing LLC now owns 25,179 shares of the company’s stock valued at $173,000 after buying an additional 19,534 shares during the period. Regent Peak Wealth Advisors LLC purchased a new stake in B&G Foods in the 4th quarter valued at about $81,000.
Finally, Wedge Capital Management L L P NC purchased a new stake in B&G Foods in the 4th quarter valued at about $857,000. 66.15% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes Separately, Piper Sandler cut their price target on shares of B&G Foods from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th.
One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.10.
B&G Foods Stock Up 1.4 % Shares of NYSE:BGS opened at $6.87 on Wednesday.
The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.
49. The firm has a market capitalization of $543.44 million, a PE ratio of -20.
20 and a beta of 0.74. The firm’s 50-day moving average is $6.
77 and its two-hundred day moving average is $6.93. B&G Foods, Inc.
has a 1 year low of $5.45 and a 1 year high of $11.72.
B&G Foods ( NYSE:BGS – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
30 by $0.01. B&G Foods had a negative net margin of 1.
34% and a positive return on equity of 6.97%. The company had revenue of $551.
57 million during the quarter, compared to the consensus estimate of $547.95 million. Analysts predict that B&G Foods, Inc.
will post 0.7 EPS for the current year. B&G Foods Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th.
Stockholders of record on Monday, March 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, March 31st.
This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.07%.
B&G Foods’s payout ratio is -23.90%. B&G Foods Company Profile ( Free Report ) B&G Foods, Inc is 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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