XTX Topco Ltd Takes Position in B&G Foods, Inc. (NYSE:BGS)

XTX Topco Ltd purchased a new stake in B&G Foods, Inc. (NYSE:BGS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 84,490 shares of the company's stock, valued at approximately $582,000. XTX Topco Ltd owned about 0.11% of B&G Foods as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Stifel Financial Corp increased its holdings in shares of B&G Foods by 1.9% in 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. Barclays PLC grew its holdings in B&G Foods by 310.1% during the 3rd quarter. Barclays PLC now owns 130,693 shares of the company's stock valued at $1,160,000 after buying an additional 98,824 shares in the last quarter. Geode Capital Management LLC increased its stake in B&G Foods by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,408 shares of the company's stock worth $16,018,000 after acquiring an additional 24,995 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of B&G Foods by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 178,434 shares of the company's stock worth $1,584,000 after acquiring an additional 11,901 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of B&G Foods by 346.0% during the 4th quarter. GAMMA Investing LLC now owns 25,179 shares of the company's stock valued at $173,000 after acquiring an additional 19,534 shares during the last quarter. Hedge funds and other institutional investors own 66.15% of the company's stock.

B&G Foods Trading Down 0.7 %

Shares of NYSE BGS traded down $0.05 during trading hours on Friday, hitting $6.75. 429,346 shares of the company traded hands, compared to its average volume of 1,444,863. The company's 50 day moving average price is $6.72 and its 200 day moving average price is $6.97. B&G Foods, Inc. has a 12 month low of $5.45 and a 12 month high of $11.72. The stock has a market capitalization of $533.79 million, a price-to-earnings ratio of -19.84 and a beta of 0.74. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 2.40.

B&G Foods (NYSE:BGS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.31 earnings per share for the quarter, beating 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 business had revenue of $551.57 million for the quarter, compared to analysts' expectations of $547.95 million. On average, equities research analysts anticipate that B&G Foods, Inc. will post 0.7 earnings per share for the current fiscal year.

B&G Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 11.27%. B&G Foods's dividend payout ratio (DPR) is -23.90%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered 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 equities research 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 an average 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.