Barclays PLC Purchases 98,824 Shares of B&G Foods, Inc. (NYSE:BGS)

Barclays PLC lifted its holdings in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 310.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,693 shares of the company's stock after acquiring an additional 98,824 shares during the quarter. Barclays PLC owned approximately 0.17% of B&G Foods worth $1,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of B&G Foods by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,200,039 shares of the company's stock valued at $9,696,000 after purchasing an additional 5,842 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of B&G Foods in the 2nd quarter valued at approximately $33,000. Essex Financial Services Inc. lifted its stake in shares of B&G Foods by 40.0% in the 2nd quarter. Essex Financial Services Inc. now owns 51,084 shares of the company's stock valued at $413,000 after purchasing an additional 14,605 shares during the period. Versor Investments LP boosted its position in shares of B&G Foods by 15.9% during the second quarter. Versor Investments LP now owns 21,438 shares of the company's stock valued at $173,000 after purchasing an additional 2,938 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in B&G Foods by 0.7% during the second quarter. Rhumbline Advisers now owns 248,716 shares of the company's stock valued at $2,010,000 after buying an additional 1,625 shares during the period. Institutional investors own 66.15% of the company's stock.

B&G Foods Stock Down 2.0 %

Shares of BGS stock traded down $0.14 during mid-day trading on Monday, hitting $6.95. The company's stock had a trading volume of 1,474,323 shares, compared to its average volume of 1,155,146. The stock has a market cap of $550.19 million, a price-to-earnings ratio of -20.44 and a beta of 0.54. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.49 and a current ratio of 1.64. B&G Foods, Inc. has a 52-week low of $6.12 and a 52-week high of $11.97. The business has a 50-day moving average price of $7.28 and a 200 day moving average price of $8.02.

B&G Foods (NYSE:BGS - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). The business had revenue of $461.10 million during the quarter, compared to analysts' expectations of $473.82 million. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. B&G Foods's quarterly revenue was down 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS. Research analysts predict that B&G Foods, Inc. will post 0.73 EPS for the current fiscal year.

B&G Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 10.94%. The ex-dividend date of this dividend is Tuesday, December 31st. B&G Foods's dividend payout ratio (DPR) is presently -223.53%.

Insider Buying and Selling at B&G Foods

In other B&G Foods news, EVP Andrew D. Vogel acquired 7,500 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $6.36 per share, with a total value of $47,700.00. Following the transaction, the executive vice president now directly owns 37,064 shares in the company, valued at approximately $235,727.04. The trade was a 25.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen Sherrill bought 70,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of $6.63 per share, for a total transaction of $464,100.00. Following the completion of the acquisition, the director now owns 353,084 shares in the company, valued at $2,340,946.92. This trade represents a 24.73 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 90,111 shares of company stock worth $593,054. Insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BGS. Evercore ISI decreased their price target on shares of B&G Foods from $10.00 to $9.00 and set an "in-line" rating for the company in a research note on Wednesday, November 6th. TD Cowen dropped their target price on B&G Foods from $8.00 to $7.50 and set a "sell" rating on the stock in a report on Wednesday, November 6th. StockNews.com upgraded B&G Foods from a "sell" rating to a "hold" rating in a report on Thursday, September 26th. Finally, Barclays dropped their price target on shares of B&G Foods from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, B&G Foods currently has an average rating of "Hold" and a consensus target price of $8.30.

B&G Foods Profile

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products.