Stifel Financial Corp grew its stake in shares of B&G Foods, Inc. (NYSE:BGS) by 54.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,089 shares of the company’s stock after buying an additional 19,007 shares during the period. Stifel Financial Corp owned 0.08% of B&G Foods worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in B&G Foods by 4.4% in the second quarter. Bank of Montreal Can now owns 5,000 shares of the company’s stock worth $178,000 after purchasing an additional 211 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in B&G Foods by 4.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 450,969 shares of the company’s stock worth $16,055,000 after purchasing an additional 18,749 shares during the last quarter. Arizona State Retirement System increased its position in B&G Foods by 0.3% in the second quarter. Arizona State Retirement System now owns 34,689 shares of the company’s stock worth $1,235,000 after purchasing an additional 100 shares during the last quarter. Alps Advisors Inc. increased its position in B&G Foods by 0.3% in the second quarter. Alps Advisors Inc. now owns 11,511 shares of the company’s stock worth $410,000 after purchasing an additional 30 shares during the last quarter. Finally, Legal & General Group Plc increased its position in B&G Foods by 10.1% in the second quarter. Legal & General Group Plc now owns 128,611 shares of the company’s stock worth $4,579,000 after purchasing an additional 11,812 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

B&G Foods, Inc. (NYSE BGS) opened at $36.80 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.06 and a current ratio of 3.24. The company has a market cap of $2,400.52, a price-to-earnings ratio of 24.37 and a beta of 0.18. B&G Foods, Inc. has a one year low of $29.50 and a one year high of $47.75.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Thursday, December 28th. B&G Foods’s payout ratio is 123.18%.

BGS has been the topic of several research reports. Berenberg Bank upgraded shares of B&G Foods from a “hold” rating to a “buy” rating and reduced their price target for the stock from $43.50 to $40.00 in a research report on Thursday, November 16th. Zacks Investment Research upgraded shares of B&G Foods from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, October 17th. Finally, Stephens upgraded shares of B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 price target on the stock in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. B&G Foods presently has an average 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.

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

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