UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.73 Million Holdings in B&G Foods, Inc. (NYSE:BGS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of B&G Foods, Inc. (NYSE:BGS) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 194,926 shares of the company’s stock after buying an additional 3,879 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of B&G Foods worth $1,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BGS. American Century Companies Inc. increased its holdings in shares of B&G Foods by 71.3% in the 2nd quarter. American Century Companies Inc. now owns 1,640,354 shares of the company’s stock valued at $13,254,000 after purchasing an additional 682,688 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of B&G Foods by 33.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,918,418 shares of the company’s stock valued at $15,501,000 after purchasing an additional 485,714 shares during the period. AQR Capital Management LLC increased its holdings in B&G Foods by 154.0% in the second quarter. AQR Capital Management LLC now owns 626,807 shares of the company’s stock worth $5,065,000 after buying an additional 380,054 shares during the last quarter. Savoir Faire Capital Management L.P. increased its holdings in B&G Foods by 37.5% in the second quarter. Savoir Faire Capital Management L.P. now owns 528,250 shares of the company’s stock worth $4,268,000 after buying an additional 144,146 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in B&G Foods in the third quarter worth approximately $1,201,000. Institutional investors and hedge funds own 66.15% of the company’s stock.

Insider Activity at B&G Foods

In other B&G Foods news, Director Stephen Sherrill purchased 70,000 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $6.63 per share, with a total value of $464,100.00. Following the acquisition, the director now owns 353,084 shares of the company’s stock, valued at approximately $2,340,946.92. This represents a 24.73 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Scott E. Lerner purchased 7,611 shares of the stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $6.57 per share, with a total value of $50,004.27. Following the acquisition, the executive vice president now directly owns 196,755 shares in the company, valued at $1,292,680.35. This represents a 4.02 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 90,111 shares of company stock worth $593,054 in the last ninety days. 3.20% of the stock is owned by company insiders.

B&G Foods Stock Down 2.0 %

Shares of B&G Foods stock opened at $7.67 on Tuesday. The business’s 50 day simple moving average is $7.47 and its 200 day simple moving average is $8.16. B&G Foods, Inc. has a 52-week low of $6.12 and a 52-week high of $11.97. The firm has a market cap of $607.19 million, a PE ratio of -22.56 and a beta of 0.54. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.49 and a current ratio of 1.64.

B&G Foods (NYSE:BGS) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). The company had revenue of $461.10 million for the quarter, compared to analyst estimates of $473.82 million. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. On average, analysts predict that B&G Foods, Inc. will post 0.73 earnings per share for the current fiscal year.

B&G Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 9.91%. B&G Foods’s dividend payout ratio (DPR) is presently -223.53%.

Analyst Upgrades and Downgrades

BGS has been the subject of a number of recent analyst reports. StockNews.com raised B&G Foods from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. TD Cowen decreased their target price on B&G Foods from $8.00 to $7.50 and set a “sell” rating for the company in a research report on Wednesday, November 6th. Evercore ISI decreased their target price on B&G Foods from $10.00 to $9.00 and set an “in-line” rating for the company in a research report on Wednesday, November 6th. Finally, Barclays decreased their target price on B&G Foods from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.30.

About B&G Foods

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products.