SG Americas Securities LLC Acquires 2,065 Shares of B&G Foods, Inc. (NYSE:BGS)

SG Americas Securities LLC lifted its holdings in shares of B&G Foods, Inc. (NYSE:BGS) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in B&G Foods by 124.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock worth $29,000 after buying an additional 1,039 shares during the period. State of Wyoming acquired a new stake in shares of B&G Foods during the second quarter worth $30,000. Nomura Asset Management Co. Ltd. lifted its position in B&G Foods by 117.4% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock valued at $31,000 after acquiring an additional 1,080 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in B&G Foods in the 1st quarter worth $33,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in B&G Foods by 818.7% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,344 shares of the company’s stock worth $52,000 after purchasing an additional 2,980 shares in the last quarter. Institutional investors own 66.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented 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 target price on B&G Foods from $8.00 to $9.00 and gave the company an “underweight” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.50.

B&G Foods Stock Down 0.2 %

B&G Foods stock opened at $10.62 on Thursday. The company has a market cap of $839.12 million, a P/E ratio of -12.06 and a beta of 0.71. B&G Foods, Inc. has a 1-year low of $7.20 and a 1-year high of $16.68. The company has a fifty day simple moving average of $10.71 and a 200 day simple moving average of $9.97. The company has a current ratio of 3.06, a quick ratio of 0.89 and a debt-to-equity ratio of 2.42.

B&G Foods (NYSE:BGS) last released its earnings results on Tuesday, February 27th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $578.13 million during the quarter, compared to the consensus estimate of $569.65 million. B&G Foods had a negative net margin of 3.21% and a positive return on equity of 8.68%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. Research 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 announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date of this dividend is Wednesday, March 27th. B&G Foods’s dividend payout ratio (DPR) is currently -86.36%.

B&G Foods 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.