B&G Foods, Inc. (NYSE:BGS) Shares Sold by Factorial Partners LLC

Factorial Partners LLC trimmed its holdings in B&G Foods, Inc. (NYSE:BGS) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,300 shares of the company’s stock after selling 2,000 shares during the period. Factorial Partners LLC’s holdings in B&G Foods were worth $670,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Stratos Wealth Partners LTD. raised its position in shares of B&G Foods by 12.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 14,647 shares of the company’s stock valued at $101,000 after purchasing an additional 1,599 shares in the last quarter. PFG Investments LLC raised its position in shares of B&G Foods by 12.5% in the 3rd quarter. PFG Investments LLC now owns 18,045 shares of the company’s stock valued at $160,000 after purchasing an additional 2,008 shares in the last quarter. Versor Investments LP raised its position in shares of B&G Foods by 13.4% in the 3rd quarter. Versor Investments LP now owns 24,300 shares of the company’s stock valued at $216,000 after purchasing an additional 2,862 shares in the last quarter. Rhumbline Advisers raised its position in shares of B&G Foods by 1.2% during the 4th quarter. Rhumbline Advisers now owns 251,087 shares of the company’s stock valued at $1,730,000 after acquiring an additional 2,898 shares in the last quarter. Finally, Foundry Partners LLC raised its position in shares of B&G Foods by 1.3% during the 3rd quarter. Foundry Partners LLC now owns 245,235 shares of the company’s stock valued at $2,178,000 after acquiring an additional 3,235 shares in the last quarter. 66.15% of the stock is owned by institutional investors and hedge funds.

B&G Foods Stock Down 3.5 %

B&G Foods stock opened at $6.70 on Friday. The firm has a market capitalization of $530.00 million, a P/E ratio of -19.69 and a beta of 0.50. The company has a 50-day simple moving average of $6.58 and a 200-day simple moving average of $7.50. B&G Foods, Inc. has a one year low of $5.45 and a one year high of $11.97. 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) last posted 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. The firm had revenue of $551.57 million during the quarter, compared to analyst estimates of $547.95 million. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. As a group, equities analysts expect that B&G Foods, Inc. will post 0.7 earnings per share for the current 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 paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 11.35%. The ex-dividend date of this dividend is Monday, March 31st. B&G Foods’s payout ratio is -23.90%.

Analyst Upgrades and Downgrades

BGS has been the topic of several research reports. Piper Sandler dropped their price target on B&G Foods from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday. TD Cowen dropped their price target on B&G Foods from $8.00 to $7.50 and set a “sell” rating on the stock in a research report on Wednesday, November 6th. Barclays dropped their price target on B&G Foods from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Finally, Evercore ISI dropped their price target on B&G Foods from $10.00 to $9.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.