Great West Life Assurance Co. Can lowered its stake in shares of B&G Foods, Inc. (NYSE:BGS) by 6.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,667 shares of the company’s stock after selling 6,422 shares during the quarter. Great West Life Assurance Co. Can owned about 0.14% of B&G Foods worth $2,792,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BGS. Acrospire Investment Management LLC lifted its holdings in shares of B&G Foods by 934.9% during the second quarter. Acrospire Investment Management LLC now owns 2,877 shares of the company’s stock worth $102,000 after buying an additional 2,599 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of B&G Foods by 61.2% during the second quarter. Riverhead Capital Management LLC now owns 3,062 shares of the company’s stock worth $109,000 after buying an additional 1,162 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of B&G Foods by 298.9% during the third quarter. Sei Investments Co. now owns 4,033 shares of the company’s stock worth $128,000 after buying an additional 3,022 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of B&G Foods by 19.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,958 shares of the company’s stock worth $141,000 after buying an additional 648 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of B&G Foods by 4.4% during the second quarter. Bank of Montreal Can now owns 5,000 shares of the company’s stock worth $178,000 after buying an additional 211 shares during the last quarter. 94.13% of the stock is owned by hedge funds and other institutional investors.

B&G Foods, Inc. (NYSE BGS) opened at $32.85 on Thursday. The company has a current ratio of 3.24, a quick ratio of 1.06 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $2,174.43, a P/E ratio of 17.87 and a beta of 0.18. B&G Foods, Inc. has a 1-year low of $29.50 and a 1-year high of $47.75.

B&G Foods (NYSE:BGS) last issued its earnings results on Tuesday, October 31st. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. The business had revenue of $408.40 million during the quarter, compared to analyst estimates of $391.31 million. B&G Foods had a return on equity of 15.50% and a net margin of 6.29%. B&G Foods’s revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. equities research analysts anticipate that B&G Foods, Inc. will post 2.12 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be paid a $0.465 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 5.66%. B&G Foods’s payout ratio is 123.18%.

A number of research analysts have recently commented on the company. Berenberg Bank upgraded B&G Foods from a “hold” rating to a “buy” rating and cut their price target for the stock from $43.50 to $40.00 in a report on Thursday, November 16th. Zacks Investment Research lowered B&G Foods from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Buckingham Research upgraded B&G Foods from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, August 23rd. Finally, Stephens upgraded B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 price target for the company in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. B&G Foods has a consensus rating of “Hold” and an average price target of $40.22.

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B&G Foods Company Profile

B&G Foods, Inc (B&G Foods) is a holding company. The Company manufactures, sells and distributes a portfolio of shelf-stable and frozen foods across the United States, 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, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters and other specialty products.

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Institutional Ownership by Quarter for B&G Foods (NYSE:BGS)

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