Point72 Asset Management L.P. lifted its position in shares of B&G Foods, Inc. (NYSE:BGS) by 1,503.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 588,485 shares of the company’s stock after purchasing an additional 551,785 shares during the quarter. Point72 Asset Management L.P. owned 0.88% of B&G Foods worth $18,743,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BGS. Bank of Montreal Can raised its position in shares of B&G Foods by 4.4% during the second quarter. Bank of Montreal Can now owns 5,000 shares of the company’s stock worth $178,000 after purchasing an additional 211 shares during the period. Aperio Group LLC raised its position in shares of B&G Foods by 48.2% during the second quarter. Aperio Group LLC now owns 25,318 shares of the company’s stock worth $901,000 after purchasing an additional 8,229 shares during the period. Great West Life Assurance Co. Can raised its position in shares of B&G Foods by 3.6% during the second quarter. Great West Life Assurance Co. Can now owns 97,089 shares of the company’s stock worth $3,451,000 after purchasing an additional 3,392 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of B&G Foods by 4.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 450,969 shares of the company’s stock worth $16,055,000 after purchasing an additional 18,749 shares during the period. Finally, Arizona State Retirement System raised its position in shares of B&G Foods by 0.3% during the second quarter. Arizona State Retirement System now owns 34,689 shares of the company’s stock worth $1,235,000 after purchasing an additional 100 shares during the period. 94.13% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered B&G Foods from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Berenberg Bank raised B&G Foods from a “hold” rating to a “buy” rating and lowered their target price for the stock from $43.50 to $40.00 in a research report on Thursday, November 16th. Stephens raised B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a research report on Wednesday, November 1st. Finally, Buckingham Research raised B&G Foods from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. B&G Foods has an average rating of “Hold” and an average target price of $40.22.

Shares of B&G Foods, Inc. (BGS) opened at $33.20 on Friday. The company has a market capitalization of $2,184.40, a price-to-earnings ratio of 17.95 and a beta of 0.18. B&G Foods, Inc. has a 12-month low of $29.50 and a 12-month 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 quarterly earnings results on Tuesday, October 31st. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. The business had revenue of $408.40 million during the quarter, compared to analyst estimates of $391.31 million. B&G Foods had a return on equity of 15.50% and a net margin of 6.29%. B&G Foods’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 EPS. equities analysts anticipate that B&G Foods, Inc. will post 2.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be given a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Thursday, December 28th. B&G Foods’s payout ratio is currently 123.18%.

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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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