PFG Investments LLC Takes $1.35 Million Position in B&G Foods, Inc. $BGS

PFG Investments LLC bought a new stake in shares of B&G Foods, Inc. (NYSE:BGS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 279,964 shares of the company’s stock, valued at approximately $1,347,000.

Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in B&G Foods by 502.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,443 shares of the company’s stock worth $31,000 after purchasing an additional 6,207 shares in the last quarter. Triumph Capital Management acquired a new position in B&G Foods in the third quarter valued at approximately $34,000. Allworth Financial LP boosted its holdings in shares of B&G Foods by 49.5% during the 3rd quarter. Allworth Financial LP now owns 7,891 shares of the company’s stock worth $35,000 after buying an additional 2,612 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of B&G Foods during the 2nd quarter worth approximately $35,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of B&G Foods during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 66.15% of the company’s stock.

B&G Foods Stock Performance

Shares of B&G Foods stock opened at $4.08 on Monday. The business has a 50-day simple moving average of $4.35 and a 200 day simple moving average of $4.69. B&G Foods, Inc. has a one year low of $3.67 and a one year high of $6.38. The company has a debt-to-equity ratio of 4.96, a current ratio of 2.99 and a quick ratio of 1.42. The firm has a market capitalization of $331.58 million, a price-to-earnings ratio of -4.26 and a beta of 0.48.

B&G Foods (NYSE:BGS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. B&G Foods had a positive return on equity of 9.67% and a negative net margin of 4.23%.The business had revenue of $365.13 million for the quarter, compared to analyst estimates of $398.81 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. On average, research analysts anticipate that B&G Foods, Inc. will post 0.57 earnings per share for the current fiscal year.

B&G Foods Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Tuesday, June 30th. B&G Foods’s dividend payout ratio is presently -39.58%.

Wall Street Analysts Forecast Growth

BGS has been the subject of several research analyst reports. Barclays lifted their price objective on shares of B&G Foods from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 14th. Weiss Ratings lowered shares of B&G Foods from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $4.88.

B&G Foods Profile

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.