SG Americas Securities LLC increased its position in B&G Foods, Inc. (NYSE:BGS) by 476.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,381 shares of the company’s stock after acquiring an additional 116,868 shares during the quarter. SG Americas Securities LLC’s holdings in B&G Foods were worth $2,941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BGS. NEXT Financial Group Inc bought a new position in B&G Foods in the 2nd quarter worth $37,000. Versant Capital Management Inc raised its holdings in B&G Foods by 124.9% in the 1st quarter. Versant Capital Management Inc now owns 2,092 shares of the company’s stock worth $51,000 after acquiring an additional 1,162 shares during the period. Icon Wealth Partners LLC bought a new position in B&G Foods in the 1st quarter worth $57,000. Optimum Investment Advisors bought a new position in B&G Foods in the 1st quarter worth $98,000. Finally, Hanson & Doremus Investment Management raised its holdings in B&G Foods by 99.4% in the 1st quarter. Hanson & Doremus Investment Management now owns 6,752 shares of the company’s stock worth $165,000 after acquiring an additional 3,365 shares during the period. Hedge funds and other institutional investors own 96.56% of the company’s stock.

NYSE BGS opened at $18.80 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 3.02 and a debt-to-equity ratio of 2.12. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 10.16 and a beta of 0.46. The stock has a fifty day moving average of $19.82. B&G Foods, Inc. has a 52-week low of $17.76 and a 52-week high of $33.00.

B&G Foods (NYSE:BGS) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. The company had revenue of $371.20 million for the quarter, compared to analyst estimates of $370.24 million. B&G Foods had a net margin of 10.75% and a return on equity of 13.04%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. Sell-side analysts forecast that B&G Foods, Inc. will post 1.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.90 annualized dividend and a dividend yield of 10.11%. B&G Foods’s dividend payout ratio (DPR) is currently 102.70%.

Several brokerages recently commented on BGS. Zacks Investment Research upgraded shares of B&G Foods from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Evercore ISI began coverage on shares of B&G Foods in a report on Tuesday, June 11th. They issued an “in-line” rating and a $25.00 target price on the stock. Barclays reiterated a “hold” rating and issued a $22.00 target price on shares of B&G Foods in a report on Monday, July 15th. Finally, ValuEngine lowered shares of B&G Foods from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $26.19.

About B&G Foods

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, oatmeal and hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, 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, 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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