B&G Foods, Inc. (NYSE:BGS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,904,865 shares of the company's stock after selling 1,680,994 shares during the quarter. Vanguard Group Inc. owned about 9.99% of B&G Foods worth $54,465,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of B&G Foods by 13.7% during the 4th quarter. American Century Companies Inc. now owns 2,226,706 shares of the company's stock valued at $15,342,000 after acquiring an additional 267,455 shares during the last quarter. Raymond James Financial Inc. purchased a new position in B&G Foods during the fourth quarter worth about $1,132,000. Dana Investment Advisors Inc. boosted its holdings in B&G Foods by 20.3% in the 4th quarter. Dana Investment Advisors Inc. now owns 764,745 shares of the company's stock valued at $5,269,000 after purchasing an additional 129,202 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of B&G Foods during the 4th quarter worth approximately $857,000. Finally, Barclays PLC increased its holdings in shares of B&G Foods by 310.1% during the 3rd quarter. Barclays PLC now owns 130,693 shares of the company's stock worth $1,160,000 after buying an additional 98,824 shares during the last quarter. Hedge funds and other institutional investors own 66.15% of the company's stock.

B&G Foods Trading Down 0.5 %

Shares of BGS stock traded down $0.03 during trading hours on Tuesday, hitting $6.33. The company had a trading volume of 1,140,140 shares, compared to its average volume of 1,420,029. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49. The stock has a market capitalization of $500.63 million, a PE ratio of -18.61 and a beta of 0.74. The company's fifty day moving average is $6.62 and its 200 day moving average is $7.04. B&G Foods, Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $11.72.

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B&G Foods (NYSE:BGS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. The company had revenue of $551.57 million for the quarter, compared to analyst estimates of $547.95 million. Research analysts expect that B&G Foods, Inc. will post 0.7 earnings per share for the current fiscal year.

B&G Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 12.01%. The ex-dividend date of this dividend is Monday, March 31st. B&G Foods's dividend payout ratio is currently -23.90%.

Analyst Ratings Changes

Separately, Piper Sandler lowered their price objective on B&G Foods from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $8.10.

B&G Foods Profile

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., 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, and wine vinegar.