Inscription Capital LLC Acquires New Holdings in B&G Foods, Inc. (NYSE:BGS)

Inscription Capital LLC bought a new position in shares of B&G Foods, Inc. (NYSE:BGS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 11,160 shares of the company’s stock, valued at approximately $366,000.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC boosted its holdings in shares of B&G Foods by 75.6% in the second quarter. FMR LLC now owns 841 shares of the company’s stock valued at $27,000 after buying an additional 362 shares during the period. Eaton Vance Management bought a new stake in B&G Foods in the 1st quarter valued at $56,000. CX Institutional bought a new stake in B&G Foods in the 2nd quarter valued at $66,000. Eagle Bay Advisors LLC acquired a new position in B&G Foods in the 2nd quarter worth $76,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in B&G Foods by 64.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,522 shares of the company’s stock worth $83,000 after purchasing an additional 993 shares in the last quarter. Hedge funds and other institutional investors own 66.18% of the company’s stock.

Shares of B&G Foods stock opened at $29.40 on Thursday. The company has a debt-to-equity ratio of 2.76, a current ratio of 3.43 and a quick ratio of 0.99. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 17.29 and a beta of 0.40. The stock’s 50-day moving average is $29.84 and its 200-day moving average is $30.38. B&G Foods, Inc. has a one year low of $25.26 and a one year high of $47.84.

B&G Foods (NYSE:BGS) last released its earnings results on Thursday, August 5th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.03). B&G Foods had a net margin of 5.59% and a return on equity of 15.71%. The firm had revenue of $464.38 million during the quarter, compared to the consensus estimate of $436.93 million. On average, equities analysts expect that B&G Foods, Inc. will post 2.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 1st. Stockholders of record on Thursday, September 30th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend is Wednesday, September 29th. B&G Foods’s dividend payout ratio is presently 84.07%.

B&G Foods Profile

B&G Foods, Incis 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. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar.

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

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