B&G Foods, Inc. (NYSE:BGS) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,226,706 shares of the company's stock after purchasing an additional 267,455 shares during the period. American Century Companies Inc. owned 2.81% of B&G Foods worth $15,342,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in B&G Foods in the 4th quarter valued at about $170,000. Quantbot Technologies LP increased its holdings in shares of B&G Foods by 21.5% in the fourth quarter. Quantbot Technologies LP now owns 91,627 shares of the company's stock valued at $631,000 after purchasing an additional 16,186 shares during the period. Intech Investment Management LLC raised its stake in shares of B&G Foods by 130.9% during the fourth quarter. Intech Investment Management LLC now owns 108,675 shares of the company's stock worth $749,000 after purchasing an additional 61,619 shares during the last quarter. Amundi lifted its holdings in shares of B&G Foods by 175.0% during the fourth quarter. Amundi now owns 38,257 shares of the company's stock worth $259,000 after purchasing an additional 24,344 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in B&G Foods by 50.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,913 shares of the company's stock valued at $55,000 after buying an additional 2,658 shares during the last quarter. Institutional investors and hedge funds own 66.15% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their price objective on shares of 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 issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $8.10.

B&G Foods Price Performance

Shares of NYSE BGS traded down $0.01 during trading on Friday, hitting $6.59. 2,051,891 shares of the company were exchanged, compared to its average volume of 1,373,621. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49. B&G Foods, Inc. has a 1 year low of $5.45 and a 1 year high of $11.72. The company has a market cap of $521.12 million, a price-to-earnings ratio of -19.37 and a beta of 0.47. The firm's fifty day moving average price is $6.68 and its 200 day moving average price is $7.23.

B&G Foods (NYSE:BGS - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. The firm had revenue of $551.57 million for the quarter, compared to the consensus estimate of $547.95 million. On average, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 11.54%. The ex-dividend date of this dividend is Monday, March 31st. B&G Foods's dividend payout ratio (DPR) is presently -23.90%.

About B&G Foods

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.