J.W. Cole Advisors Inc. Has $62,000 Stock Holdings in B&G Foods, Inc. (NYSE:BGS)

J.W. Cole Advisors Inc. boosted its position in shares of B&G Foods, Inc. (NYSE:BGSGet Rating) by 1,772.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,516 shares of the company’s stock after buying an additional 115,974 shares during the quarter. J.W. Cole Advisors Inc. owned approximately 0.18% of B&G Foods worth $62,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tompkins Financial Corp acquired a new position in B&G Foods during the 1st quarter worth $27,000. Prospera Financial Services Inc acquired a new position in shares of B&G Foods in the 1st quarter valued at $34,000. CWM LLC lifted its stake in shares of B&G Foods by 50.7% in the 1st quarter. CWM LLC now owns 1,427 shares of the company’s stock valued at $39,000 after purchasing an additional 480 shares during the period. Wellington Shields Capital Management LLC acquired a new position in shares of B&G Foods in the 1st quarter valued at $47,000. Finally, Ancora Advisors LLC acquired a new position in shares of B&G Foods in the 1st quarter valued at $60,000. Institutional investors and hedge funds own 66.73% of the company’s stock.

Analyst Upgrades and Downgrades

BGS has been the topic of a number of analyst reports. StockNews.com downgraded B&G Foods from a “hold” rating to a “sell” rating in a research note on Saturday, August 13th. Piper Sandler increased their price target on B&G Foods from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. BMO Capital Markets cut their price target on B&G Foods from $29.00 to $21.00 and set a “market perform” rating on the stock in a research note on Monday, August 8th. Seaport Res Ptn restated a “neutral” rating on shares of B&G Foods in a research report on Friday, August 5th. Finally, Credit Suisse Group lowered their price objective on shares of B&G Foods to $20.00 in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, B&G Foods currently has an average rating of “Hold” and an average price target of $22.67.

B&G Foods Price Performance

BGS opened at $18.62 on Friday. The company has a quick ratio of 0.89, a current ratio of 3.27 and a debt-to-equity ratio of 2.44. B&G Foods, Inc. has a 12 month low of $17.86 and a 12 month high of $34.27. The company has a fifty day simple moving average of $22.47 and a 200 day simple moving average of $24.24. The stock has a market cap of $1.33 billion, a P/E ratio of 31.56 and a beta of 0.29.

B&G Foods (NYSE:BGSGet Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.20). The firm had revenue of $479.00 million during the quarter, compared to the consensus estimate of $480.51 million. B&G Foods had a net margin of 1.90% and a return on equity of 10.12%. B&G Foods’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, research analysts expect that B&G Foods, Inc. will post 1.13 EPS for the current year.

B&G Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 10.20%. The ex-dividend date of this dividend is Thursday, September 29th. B&G Foods’s dividend payout ratio (DPR) is presently 322.03%.

Insiders Place Their Bets

In other B&G Foods news, Director Alfred Poe sold 13,875 shares of the stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $20.66, for a total transaction of $286,657.50. Following the completion of the transaction, the director now owns 34,007 shares in the company, valued at approximately $702,584.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

About B&G Foods

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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, baking powder and soda, corn starch, cookies and crackers, nut clusters, and other specialty products.

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

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