Kelly Lawrence W & Associates Inc. CA raised its holdings in B&G Foods, Inc. (NYSE:BGS) by 29.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,100 shares of the company’s stock after purchasing an additional 11,400 shares during the quarter. Kelly Lawrence W & Associates Inc. CA owned approximately 0.08% of B&G Foods worth $1,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its stake in shares of B&G Foods by 2.7% in the 2nd quarter. Comerica Bank now owns 244,216 shares of the company’s stock valued at $4,945,000 after buying an additional 6,359 shares during the period. Gilman Hill Asset Management LLC increased its stake in shares of B&G Foods by 2.0% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 159,134 shares of the company’s stock valued at $3,310,000 after buying an additional 3,120 shares during the period. Factorial Partners LLC increased its stake in shares of B&G Foods by 34.8% in the 1st quarter. Factorial Partners LLC now owns 40,700 shares of the company’s stock valued at $994,000 after buying an additional 10,500 shares during the period. Aperio Group LLC increased its stake in shares of B&G Foods by 10.5% in the 2nd quarter. Aperio Group LLC now owns 41,842 shares of the company’s stock valued at $870,000 after buying an additional 3,987 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of B&G Foods in the 1st quarter valued at $599,000. 97.25% of the stock is owned by institutional investors.

In other B&G Foods news, Director Deann L. Brunts bought 2,483 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $18.98 per share, with a total value of $47,127.34. Following the completion of the purchase, the director now owns 22,272 shares in the company, valued at $422,722.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.

Shares of B&G Foods stock traded down $0.15 during trading on Wednesday, reaching $19.52. 38,222 shares of the company were exchanged, compared to its average volume of 1,430,429. The company has a quick ratio of 0.97, a current ratio of 3.02 and a debt-to-equity ratio of 2.12. B&G Foods, Inc. has a twelve month low of $16.70 and a twelve month high of $31.60. The business has a 50-day moving average price of $18.70 and a 200-day moving average price of $21.70. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 10.47 and a beta of 0.46.

B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. B&G Foods had a return on equity of 13.04% and a net margin of 10.75%. The business had revenue of $371.20 million during the quarter, compared to analysts’ expectations of $370.24 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts forecast that B&G Foods, Inc. will post 1.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.90 dividend on an annualized basis and a yield of 9.73%. B&G Foods’s payout ratio is 102.70%.

BGS has been the subject of a number of analyst reports. Barclays reaffirmed a “hold” rating and set a $22.00 price objective on shares of B&G Foods in a research note on Monday, July 15th. Credit Suisse Group decreased their price objective on B&G Foods from $19.00 to $17.00 and set an “underperform” rating for the company in a research note on Friday, August 30th. Evercore ISI initiated coverage on B&G Foods in a research note on Tuesday, June 11th. They set an “in-line” rating and a $25.00 price objective for the company. Finally, ValuEngine cut B&G Foods from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.94.

B&G Foods Profile

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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