Truist Financial Corp lessened its position in B&G Foods, Inc. (NYSE:BGS - Free Report) by 69.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,291 shares of the company's stock after selling 58,989 shares during the period. Truist Financial Corp's holdings in B&G Foods were worth $181,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in BGS. Stratos Wealth Partners LTD. boosted its holdings 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 worth $101,000 after buying an additional 1,599 shares in the last quarter. Versor Investments LP boosted its stake in shares of B&G Foods by 13.4% during the 3rd quarter. Versor Investments LP now owns 24,300 shares of the company's stock worth $216,000 after acquiring an additional 2,862 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of B&G Foods by 1.2% in the 4th quarter. Rhumbline Advisers now owns 251,087 shares of the company's stock worth $1,730,000 after acquiring an additional 2,898 shares during the period. Foundry Partners LLC increased its stake in B&G Foods by 1.3% in the 3rd quarter. Foundry Partners LLC now owns 245,235 shares of the company's stock valued at $2,178,000 after purchasing an additional 3,235 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in B&G Foods by 1.9% during the third quarter. Stifel Financial Corp now owns 181,529 shares of the company's stock worth $1,612,000 after purchasing an additional 3,359 shares during the last quarter. Institutional investors and hedge funds own 66.15% of the company's stock.
B&G Foods Price Performance
B&G Foods stock traded up $0.24 during midday trading on Monday, reaching $7.89. 2,794,868 shares of the company were exchanged, compared to its average volume of 1,843,738. B&G Foods, Inc. has a 1 year low of $5.45 and a 1 year high of $11.79. The company has a market capitalization of $624.00 million, a price-to-earnings ratio of -23.19 and a beta of 0.47. The firm's 50-day simple moving average is $6.55 and its 200-day simple moving average is $7.43. 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 (NYSE:BGS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $551.57 million for the quarter, compared to the consensus estimate of $547.95 million. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. On average, analysts anticipate that B&G Foods, Inc. will post 0.7 EPS for the current year.
B&G Foods Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 9.64%. B&G Foods's dividend payout ratio (DPR) is presently -23.90%.
Analyst Ratings Changes
Separately, Piper Sandler dropped their price target 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 investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $8.10.
Read Our Latest Research Report on B&G Foods
About B&G Foods
(
Free Report)
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.
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