Nationwide Fund Advisors lifted its holdings in B&G Foods, Inc. (NYSE:BGS) by 16.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 117,655 shares of the company’s stock after buying an additional 16,617 shares during the quarter. Nationwide Fund Advisors owned approximately 0.18% of B&G Foods worth $3,747,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Advisors Capital Management LLC lifted its position in shares of B&G Foods by 0.8% in the 3rd quarter. Advisors Capital Management LLC now owns 345,613 shares of the company’s stock worth $11,007,000 after buying an additional 2,824 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in B&G Foods in the 3rd quarter valued at about $847,000. Gilman Hill Asset Management LLC lifted its position in B&G Foods by 4.0% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 140,960 shares of the company’s stock valued at $4,490,000 after purchasing an additional 5,370 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in B&G Foods by 13.5% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,665,423 shares of the company’s stock valued at $84,894,000 after purchasing an additional 317,948 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in B&G Foods in the 2nd quarter valued at about $25,526,000. Institutional investors own 94.13% of the company’s stock.

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

Shares of B&G Foods, Inc. (BGS) opened at $34.05 on Friday. The firm has a market cap of $2,264.19, a PE ratio of 18.61 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 current ratio of 3.24 and a quick ratio of 1.06.

B&G Foods (NYSE:BGS) last released its earnings results on Tuesday, October 31st. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.08. The firm had revenue of $408.40 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS. equities analysts predict that B&G Foods, Inc. will post 2.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.465 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.86 annualized dividend and a yield of 5.46%. B&G Foods’s payout ratio is 123.18%.

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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.

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

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