Quantinno Capital Management LP Has $3.03 Million Holdings in B&G Foods, Inc. $BGS

Quantinno Capital Management LP increased its stake in shares of B&G Foods, Inc. (NYSE:BGS) by 58.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 629,032 shares of the company’s stock after buying an additional 232,351 shares during the quarter. Quantinno Capital Management LP’s holdings in B&G Foods were worth $3,026,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BGS. Northwestern Mutual Wealth Management Co. grew its position in B&G Foods by 502.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,443 shares of the company’s stock valued at $31,000 after acquiring an additional 6,207 shares during the period. Triumph Capital Management acquired a new stake in shares of B&G Foods in the 3rd quarter valued at $34,000. Federated Hermes Inc. bought a new stake in shares of B&G Foods in the 2nd quarter worth about $35,000. Integrated Wealth Concepts LLC bought a new stake in shares of B&G Foods in the 3rd quarter worth about $45,000. Finally, Comerica Bank increased its position in shares of B&G Foods by 53.3% during the 4th quarter. Comerica Bank now owns 10,706 shares of the company’s stock worth $46,000 after purchasing an additional 3,722 shares in the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.

B&G Foods Stock Performance

Shares of B&G Foods stock opened at $3.50 on Friday. The company has a debt-to-equity ratio of 4.96, a current ratio of 2.99 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $3.83 and a 200 day simple moving average of $4.57. B&G Foods, Inc. has a fifty-two week low of $3.42 and a fifty-two week high of $6.38. The firm has a market cap of $284.50 million, a P/E ratio of -3.65 and a beta of 0.49.

B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $365.13 million for the quarter, compared to analyst estimates of $398.81 million. B&G Foods had a positive return on equity of 9.67% and a negative net margin of 4.23%.The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. Sell-side analysts predict that B&G Foods, Inc. will post 0.57 earnings per share for the current fiscal year.

B&G Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date is Wednesday, September 30th. B&G Foods’s dividend payout ratio (DPR) is presently -39.58%.

Analyst Ratings Changes

BGS has been the subject of several analyst reports. Barclays cut their price target on shares of B&G Foods from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Jefferies Financial Group set a $4.00 target price on B&G Foods in a report on Wednesday, July 22nd. Finally, Weiss Ratings lowered B&G Foods from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $4.38.

About B&G Foods

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.