Algert Global LLC Purchases New Position in B&G Foods, Inc. (NYSE:BGS)

Algert Global LLC purchased a new stake in shares of B&G Foods, Inc. (NYSE:BGS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,501 shares of the company’s stock, valued at approximately $672,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BGS. FMR LLC increased its position in shares of B&G Foods by 75.6% during the second quarter. FMR LLC now owns 841 shares of the company’s stock valued at $27,000 after acquiring an additional 362 shares in the last quarter. Eaton Vance Management bought a new stake in B&G Foods in the 1st quarter worth approximately $56,000. CX Institutional bought a new stake in B&G Foods in the 2nd quarter worth approximately $66,000. Eagle Bay Advisors LLC bought a new stake in B&G Foods in the 2nd quarter worth approximately $76,000. Finally, GPS Wealth Strategies Group LLC grew its position in B&G Foods by 64.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,522 shares of the company’s stock worth $83,000 after purchasing an additional 993 shares during the period. 66.18% of the stock is owned by institutional investors.

NYSE:BGS traded up $0.14 during trading hours on Thursday, reaching $29.54. The company had a trading volume of 2,644 shares, compared to its average volume of 1,351,466. The company has a current ratio of 3.43, a quick ratio of 0.99 and a debt-to-equity ratio of 2.76. B&G Foods, Inc. has a 52 week low of $25.26 and a 52 week high of $47.84. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 17.29 and a beta of 0.40. The firm’s 50 day moving average price is $29.84 and its 200-day moving average price is $30.38.

B&G Foods (NYSE:BGS) last posted its earnings results on Thursday, August 5th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). B&G Foods had a return on equity of 15.71% and a net margin of 5.59%. The company had revenue of $464.38 million during the quarter, compared to the consensus estimate of $436.93 million. On average, analysts forecast that B&G Foods, Inc. will post 2.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 1st. Investors of record on Thursday, September 30th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date is Wednesday, September 29th. B&G Foods’s dividend payout ratio (DPR) is 84.07%.

B&G Foods Company Profile

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

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