Shaker Investments LLC OH Has $1.33 Million Position in B&G Foods, Inc. (BGS)
Shaker Investments LLC OH decreased its position in shares of B&G Foods, Inc. (NYSE:BGS) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,805 shares of the company’s stock after selling 5,450 shares during the period. Shaker Investments LLC OH owned about 0.06% of B&G Foods worth $1,331,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in B&G Foods by 134,853.6% during the 1st quarter. BlackRock Inc. now owns 7,858,346 shares of the company’s stock worth $316,296,000 after buying an additional 7,852,523 shares during the period. Vanguard Group Inc. increased its position in shares of B&G Foods by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,197,718 shares of the company’s stock worth $220,639,000 after purchasing an additional 64,109 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of B&G Foods by 213.1% in the 2nd quarter. Principal Financial Group Inc. now owns 4,319,621 shares of the company’s stock worth $153,779,000 after purchasing an additional 2,940,036 shares during the last quarter. Royal Bank of Canada increased its position in shares of B&G Foods by 8.6% in the 2nd quarter. Royal Bank of Canada now owns 3,213,282 shares of the company’s stock worth $114,393,000 after purchasing an additional 253,685 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in shares of 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 worth $84,894,000 after purchasing an additional 317,948 shares during the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on BGS. BidaskClub downgraded shares of B&G Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $52.00 price objective on shares of B&G Foods in a research report on Tuesday, July 18th. Citigroup Inc. raised shares of B&G Foods from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Thursday, July 20th. BMO Capital Markets raised shares of B&G Foods from a “market perform” rating to an “outperform” rating in a research report on Monday, August 7th. Finally, Buckingham Research lowered their price objective on shares of B&G Foods from $43.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.61.
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Shares of B&G Foods, Inc. (NYSE BGS) traded up $0.90 during trading hours on Friday, hitting $33.60. 1,600,000 shares of the stock were exchanged, compared to its average volume of 1,200,000. The firm has a market cap of $2,230.00, a price-to-earnings ratio of 18.38 and a beta of 0.11. B&G Foods, Inc. has a 12 month low of $29.50 and a 12 month high of $47.75. The company has a current ratio of 3.24, a quick ratio of 1.24 and a debt-to-equity ratio of 2.34.
B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. B&G Foods had a net margin of 6.29% and a return on equity of 15.50%. The company had revenue of $408.40 million during the quarter, compared to analyst estimates of $391.31 million. During the same period in the prior year, the business posted $0.56 EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. equities analysts forecast that B&G Foods, Inc. will post 2.12 earnings per share for the current fiscal year.
The firm also recently announced 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. This represents a $1.86 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend is Thursday, December 28th. B&G Foods’s dividend payout ratio is presently 122.37%.
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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