Rhumbline Advisers grew its holdings in B&G Foods, Inc. (NYSE:BGS) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,140 shares of the company’s stock after buying an additional 2,638 shares during the quarter. Rhumbline Advisers owned about 0.20% of B&G Foods worth $4,241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lucas Capital Management lifted its holdings in shares of B&G Foods by 2.9% in the 3rd quarter. Lucas Capital Management now owns 106,711 shares of the company’s stock valued at $3,399,000 after buying an additional 2,994 shares during the period. Bridgecreek Investment Management LLC lifted its holdings in shares of B&G Foods by 2.0% in the 3rd quarter. Bridgecreek Investment Management LLC now owns 176,845 shares of the company’s stock valued at $5,633,000 after buying an additional 3,550 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of B&G Foods by 43.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 30,410 shares of the company’s stock valued at $968,000 after buying an additional 9,250 shares during the period. Dividend Assets Capital LLC acquired a new stake in shares of B&G Foods in the 3rd quarter valued at approximately $827,000. Finally, Sei Investments Co. lifted its holdings in shares of B&G Foods by 298.9% in the 3rd quarter. Sei Investments Co. now owns 4,033 shares of the company’s stock valued at $128,000 after buying an additional 3,022 shares during the period. 94.13% of the stock is owned by institutional investors and hedge funds.

Shares of B&G Foods, Inc. (NYSE BGS) traded down $2.85 during mid-day trading on Wednesday, reaching $36.15. The company had a trading volume of 2,160,400 shares, compared to its average volume of 849,631. The firm has a market capitalization of $2,593.36, a PE ratio of 21.31 and a beta of 0.18. B&G Foods, Inc. has a 52-week low of $29.50 and a 52-week high of $47.75. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.06 and a current ratio of 3.24.

B&G Foods (NYSE:BGS) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.08. The firm had revenue of $408.40 million during the quarter, compared to analysts’ expectations of $391.31 million. B&G Foods had a return on equity of 15.50% and a net margin of 6.29%. B&G Foods’s revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. sell-side analysts anticipate that B&G Foods, Inc. will post 2.12 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be given a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Thursday, December 28th. B&G Foods’s payout ratio is 123.18%.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised B&G Foods from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, October 17th. Barclays reduced their price objective on B&G Foods from $46.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, August 8th. Buckingham Research raised B&G Foods from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Wednesday, August 23rd. Stephens raised B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective for the company in a report on Wednesday, November 1st. Finally, Berenberg Bank raised B&G Foods from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $43.50 to $40.00 in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $40.22.

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B&G Foods Company Profile

B&G Foods, Inc (B&G Foods) is a holding company. The Company manufactures, sells and distributes a portfolio of shelf-stable and frozen foods across the United States, 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, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters and other specialty products.

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

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