State of Alaska Department of Revenue lowered its position in B&G Foods, Inc. (NYSE:BGS) by 3.7% during the 4th quarter, Holdings Channel reports. The fund owned 48,385 shares of the company’s stock after selling 1,840 shares during the period. State of Alaska Department of Revenue’s holdings in B&G Foods were worth $867,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in BGS. LPL Financial LLC boosted its holdings in B&G Foods by 6.4% in the second quarter. LPL Financial LLC now owns 51,232 shares of the company’s stock worth $1,066,000 after acquiring an additional 3,060 shares in the last quarter. Northern Trust Corp increased its position in shares of B&G Foods by 1.5% during the 2nd quarter. Northern Trust Corp now owns 866,953 shares of the company’s stock valued at $18,033,000 after purchasing an additional 12,539 shares during the last quarter. AXA purchased a new stake in shares of B&G Foods during the 2nd quarter valued at $1,136,000. Asset Management One Co. Ltd. increased its position in shares of B&G Foods by 77.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 37,065 shares of the company’s stock valued at $771,000 after purchasing an additional 16,175 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of B&G Foods by 3.0% during the 2nd quarter. Private Advisor Group LLC now owns 58,377 shares of the company’s stock valued at $1,214,000 after purchasing an additional 1,691 shares during the last quarter. Institutional investors and hedge funds own 92.46% of the company’s stock.
Several brokerages have recently issued reports on BGS. BMO Capital Markets decreased their target price on B&G Foods to $20.00 and set a “market perform” rating for the company in a research report on Friday, November 1st. Piper Jaffray Companies set a $17.00 target price on B&G Foods and gave the company a “hold” rating in a research report on Friday, November 1st. ValuEngine raised B&G Foods from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Buckingham Research set a $17.00 price objective on B&G Foods and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Barclays reissued a “hold” rating and issued a $16.00 price objective on shares of B&G Foods in a report on Sunday, November 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.14.
Shares of NYSE BGS opened at $15.68 on Friday. B&G Foods, Inc. has a 52 week low of $14.20 and a 52 week high of $29.38. The business has a 50-day simple moving average of $17.14 and a two-hundred day simple moving average of $17.92. The company has a quick ratio of 1.65, a current ratio of 3.47 and a debt-to-equity ratio of 2.57. The company has a market cap of $986.93 million, a P/E ratio of 9.06 and a beta of 0.48.
B&G Foods (NYSE:BGS) last issued its earnings results on Thursday, October 31st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). B&G Foods had a return on equity of 12.70% and a net margin of 10.80%. The company had revenue of $406.30 million during the quarter, compared to the consensus estimate of $405.65 million. During the same quarter in the prior year, the business earned $0.57 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts anticipate that B&G Foods, Inc. will post 1.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 12.12%. B&G Foods’s dividend payout ratio (DPR) is presently 102.70%.
About B&G Foods
B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, oatmeal and hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, 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, cookies and crackers, nut clusters, and other specialty products.
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