American International Group Inc. increased its position in shares of B&G Foods, Inc. (NYSE:BGS) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,154 shares of the company’s stock after purchasing an additional 2,827 shares during the period. American International Group Inc. owned approximately 0.08% of B&G Foods worth $1,661,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its position in B&G Foods by 4.4% in the 2nd quarter. Bank of Montreal Can now owns 5,000 shares of the company’s stock valued at $178,000 after buying an additional 211 shares during the period. Aperio Group LLC boosted its position in B&G Foods by 48.2% in the 2nd quarter. Aperio Group LLC now owns 25,318 shares of the company’s stock valued at $901,000 after buying an additional 8,229 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in B&G Foods by 17.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 21,160 shares of the company’s stock valued at $754,000 after buying an additional 3,090 shares during the period. Great West Life Assurance Co. Can boosted its position in B&G Foods by 3.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 97,089 shares of the company’s stock valued at $3,451,000 after buying an additional 3,392 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in B&G Foods by 4.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 450,969 shares of the company’s stock valued at $16,055,000 after buying an additional 18,749 shares during the period. 94.13% of the stock is owned by hedge funds and other institutional investors.

B&G Foods, Inc. (BGS) opened at $32.70 on Wednesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.06 and a current ratio of 3.24. The company has a market cap of $2,194.38, a P/E ratio of 18.03 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.

B&G Foods (NYSE:BGS) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.55 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 analyst estimates of $391.31 million. B&G Foods had a net margin of 6.29% and a return on equity of 15.50%. B&G Foods’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. analysts forecast that B&G Foods, Inc. will post 2.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be paid a dividend of $0.465 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.86 annualized dividend and a dividend yield of 5.69%. B&G Foods’s dividend payout ratio (DPR) is presently 123.18%.

Several research firms have recently commented on BGS. Zacks Investment Research upgraded shares of B&G Foods from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, October 17th. Stephens upgraded shares of B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 price target for the company in a report on Wednesday, November 1st. Buckingham Research upgraded shares of B&G Foods from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, August 23rd. Finally, Berenberg Bank upgraded shares of B&G Foods from a “hold” rating to a “buy” rating and reduced their price target for the company from $43.50 to $40.00 in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $40.22.

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B&G Foods 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.

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

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