Signaturefd LLC Has $42,000 Stock Position in B&G Foods, Inc. $BGS

Signaturefd LLC increased its holdings in shares of B&G Foods, Inc. (NYSE:BGS) by 48.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,036 shares of the company’s stock after buying an additional 3,288 shares during the quarter. Signaturefd LLC’s holdings in B&G Foods were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BGS. Caitong International Asset Management Co. Ltd lifted its position in shares of B&G Foods by 3,217.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,043 shares of the company’s stock worth $35,000 after buying an additional 4,891 shares during the last quarter. CWM LLC lifted its position in shares of B&G Foods by 61.2% during the 1st quarter. CWM LLC now owns 7,518 shares of the company’s stock worth $52,000 after buying an additional 2,855 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of B&G Foods during the 2nd quarter worth $68,000. Sigma Planning Corp bought a new stake in shares of B&G Foods during the 1st quarter worth $69,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in shares of B&G Foods during the 1st quarter worth $72,000. 66.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of B&G Foods in a research report on Saturday, September 27th. Barclays dropped their price objective on B&G Foods from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada dropped their price objective on B&G Foods from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $6.10.

B&G Foods Trading Down 1.6%

Shares of BGS stock opened at $4.36 on Tuesday. The stock has a market cap of $348.80 million, a price-to-earnings ratio of -1.54 and a beta of 0.44. The stock has a 50-day moving average of $4.40 and a 200-day moving average of $4.88. The company has a current ratio of 2.93, a quick ratio of 0.89 and a debt-to-equity ratio of 3.96. B&G Foods, Inc. has a 1-year low of $3.67 and a 1-year high of $8.90.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $424.43 million during the quarter, compared to analyst estimates of $427.80 million. B&G Foods had a negative net margin of 12.02% and a positive return on equity of 7.16%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. B&G Foods has set its FY 2025 guidance at 0.500-0.600 EPS. On average, equities research analysts forecast that B&G Foods, Inc. will post 0.7 earnings per share for the current year.

B&G Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, September 30th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 17.4%. B&G Foods’s dividend payout ratio is presently -26.86%.

B&G Foods Company Profile

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. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.