Syon Capital LLC Buys Shares of 10,858 B&G Foods, Inc. (NYSE:BGS)

Syon Capital LLC bought a new stake in B&G Foods, Inc. (NYSE:BGS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,858 shares of the company’s stock, valued at approximately $114,000.

Several other large investors also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in shares of B&G Foods by 58.2% during the fourth quarter. Signaturefd LLC now owns 6,124 shares of the company’s stock valued at $64,000 after acquiring an additional 2,254 shares during the last quarter. CWM LLC boosted its stake in shares of B&G Foods by 57.6% during the fourth quarter. CWM LLC now owns 6,257 shares of the company’s stock valued at $66,000 after acquiring an additional 2,287 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of B&G Foods during the fourth quarter valued at $76,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of B&G Foods during the fourth quarter valued at $114,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of B&G Foods during the fourth quarter valued at $124,000. Institutional investors and hedge funds own 66.15% of the company’s stock.

Insider Activity at B&G Foods

In related news, Director Stephen Sherrill acquired 125,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were bought at an average price of $8.59 per share, with a total value of $1,073,750.00. Following the transaction, the director now directly owns 270,136 shares of the company’s stock, valued at $2,320,468.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Stephen Sherrill acquired 125,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were bought at an average price of $8.59 per share, with a total value of $1,073,750.00. Following the transaction, the director now directly owns 270,136 shares of the company’s stock, valued at $2,320,468.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Scott E. Lerner acquired 11,755 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were bought at an average cost of $8.51 per share, for a total transaction of $100,035.05. Following the transaction, the executive vice president now directly owns 189,144 shares in the company, valued at $1,609,615.44. The disclosure for this purchase can be found here. Insiders purchased 141,955 shares of company stock worth $1,218,453 over the last three months. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

BGS has been the topic of a number of analyst reports. Piper Sandler raised B&G Foods from an “underweight” rating to a “neutral” rating and set a $9.00 price objective on the stock in a research note on Thursday, May 16th. StockNews.com downgraded B&G Foods from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.50.

B&G Foods Trading Up 0.5 %

Shares of BGS opened at $8.38 on Wednesday. The stock has a 50 day simple moving average of $9.92 and a 200-day simple moving average of $10.32. B&G Foods, Inc. has a 1 year low of $7.20 and a 1 year high of $15.15. The stock has a market cap of $662.44 million, a PE ratio of -5.82 and a beta of 0.61. The company has a current ratio of 3.22, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58.

B&G Foods (NYSE:BGS) last released its earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $475.22 million during the quarter, compared to analyst estimates of $480.93 million. B&G Foods had a negative net margin of 5.42% and a positive return on equity of 8.33%. B&G Foods’s revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. On average, sell-side analysts predict that B&G Foods, Inc. will post 0.79 EPS for the current fiscal year.

B&G Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Friday, June 28th will be issued a $0.19 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.76 dividend on an annualized basis and a yield of 9.07%. B&G Foods’s payout ratio is -52.78%.

B&G Foods Company Profile

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.