B&G Foods, Inc. (NYSE:BGS) Director Cheryl M. Palmer sold 12,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $29.52, for a total transaction of $354,240.00. Following the transaction, the director now owns 12,839 shares in the company, valued at $379,007.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

B&G Foods stock opened at $30.25 on Tuesday. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.59 and a beta of 0.52. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.61 and a quick ratio of 0.79. B&G Foods, Inc. has a 1 year low of $22.00 and a 1 year high of $39.75.

B&G Foods (NYSE:BGS) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $422.60 million during the quarter, compared to analysts’ expectations of $429.53 million. B&G Foods had a net margin of 11.09% and a return on equity of 16.01%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, research analysts expect that B&G Foods, Inc. will post 2.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Monday, December 31st will be given a $0.475 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.90 annualized dividend and a yield of 6.28%. B&G Foods’s dividend payout ratio (DPR) is 89.62%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of B&G Foods by 3.2% in the 3rd quarter. BlackRock Inc. now owns 9,459,594 shares of the company’s stock worth $259,668,000 after purchasing an additional 289,138 shares during the period. Bank of New York Mellon Corp lifted its position in shares of B&G Foods by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,428,670 shares of the company’s stock worth $39,218,000 after purchasing an additional 41,230 shares during the period. Epoch Investment Partners Inc. lifted its position in shares of B&G Foods by 5.8% in the 3rd quarter. Epoch Investment Partners Inc. now owns 1,334,618 shares of the company’s stock worth $36,635,000 after purchasing an additional 72,708 shares during the period. Glenmede Trust Co. NA lifted its position in shares of B&G Foods by 146.6% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,109,493 shares of the company’s stock worth $33,174,000 after purchasing an additional 659,552 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of B&G Foods by 6.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 832,201 shares of the company’s stock worth $22,844,000 after purchasing an additional 53,767 shares during the period. 99.65% of the stock is owned by hedge funds and other institutional investors.

BGS has been the topic of several analyst reports. ValuEngine downgraded shares of B&G Foods from a “sell” rating to a “strong sell” rating in a report on Thursday, September 27th. Royal Bank of Canada reiterated a “buy” rating and set a $39.00 price target on shares of B&G Foods in a report on Friday, August 3rd. Zacks Investment Research upgraded shares of B&G Foods from a “sell” rating to a “hold” rating in a report on Wednesday, November 14th. Credit Suisse Group boosted their price objective on shares of B&G Foods from $21.00 to $23.00 and gave the company an “underperform” rating in a research report on Wednesday, October 31st. Finally, Citigroup lowered their price objective on shares of B&G Foods from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.22.

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B&G Foods Company Profile

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in 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 vinegars, maple syrups, 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, cookies and crackers, nut clusters, and other specialty products.

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