Syon Capital LLC Invests $423,000 in B&G Foods, Inc. (NYSE:BGS)

Syon Capital LLC purchased a new stake in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 61,425 shares of the company's stock, valued at approximately $423,000. Syon Capital LLC owned approximately 0.08% of B&G Foods at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BGS. Stratos Wealth Partners LTD. increased its position in B&G Foods by 12.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 14,647 shares of the company's stock valued at $101,000 after acquiring an additional 1,599 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in B&G Foods by 5.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,158 shares of the company's stock worth $215,000 after acquiring an additional 1,718 shares during the period. PNC Financial Services Group Inc. lifted its position in B&G Foods by 50.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,913 shares of the company's stock valued at $55,000 after acquiring an additional 2,658 shares during the last quarter. Rhumbline Advisers increased its position in shares of B&G Foods by 1.2% during the fourth quarter. Rhumbline Advisers now owns 251,087 shares of the company's stock worth $1,730,000 after purchasing an additional 2,898 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of B&G Foods by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,809,054 shares of the company's stock worth $12,468,000 after purchasing an additional 5,646 shares in the last quarter. Hedge funds and other institutional investors own 66.15% of the company's stock.

B&G Foods Stock Performance

Shares of BGS traded up $0.02 during trading hours on Monday, reaching $6.78. 1,240,672 shares of the company traded hands, compared to its average volume of 1,455,422. The stock has a market capitalization of $536.56 million, a P/E ratio of -19.94 and a beta of 0.74. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 2.40. B&G Foods, Inc. has a 12-month low of $5.45 and a 12-month high of $11.72. The business has a fifty day moving average price of $6.76 and a 200-day moving average price of $6.93.

B&G Foods (NYSE:BGS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 company had revenue of $551.57 million for the quarter, compared to analyst estimates of $547.95 million. Equities analysts anticipate that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Dividend Announcement

The company also recently announced 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 11.21%. The ex-dividend date is Monday, March 31st. B&G Foods's payout ratio is currently -23.90%.

Analyst Upgrades and Downgrades

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

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.