Barclays PLC Grows Stock Holdings in B&G Foods, Inc. (NYSE:BGS)

Barclays PLC grew its stake in B&G Foods, Inc. (NYSE:BGS) by 310.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,693 shares of the company’s stock after purchasing an additional 98,824 shares during the period. Barclays PLC owned approximately 0.17% of B&G Foods worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its stake 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 worth $13,254,000 after acquiring an additional 682,688 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in B&G Foods by 33.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,918,418 shares of the company’s stock worth $15,501,000 after purchasing an additional 485,714 shares during the period. AQR Capital Management LLC grew its stake in shares of B&G Foods by 154.0% in the 2nd quarter. AQR Capital Management LLC now owns 626,807 shares of the company’s stock valued at $5,065,000 after buying an additional 380,054 shares during the period. Verition Fund Management LLC increased its holdings in shares of B&G Foods by 3,480.9% during the 3rd quarter. Verition Fund Management LLC now owns 379,394 shares of the company’s stock worth $3,369,000 after buying an additional 368,799 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. raised its position in shares of B&G Foods by 37.5% during the 2nd quarter. Savoir Faire Capital Management L.P. now owns 528,250 shares of the company’s stock valued at $4,268,000 after buying an additional 144,146 shares during the period. Institutional investors and hedge funds own 66.15% of the company’s stock.

Insider Transactions at B&G Foods

In other B&G Foods news, Director Stephen Sherrill purchased 70,000 shares of B&G Foods stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $6.63 per share, with a total value of $464,100.00. Following the completion of the transaction, the director now directly owns 353,084 shares in the company, valued at approximately $2,340,946.92. This represents a 24.73 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew D. Vogel purchased 7,500 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average price of $6.36 per share, with a total value of $47,700.00. Following the completion of the acquisition, the executive vice president now owns 37,064 shares in the company, valued at $235,727.04. This represents a 25.37 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 90,111 shares of company stock worth $593,054 over the last quarter. 3.20% of the stock is currently owned by insiders.

B&G Foods Trading Down 0.7 %

Shares of B&G Foods stock opened at $7.09 on Monday. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 2.40. The company’s 50-day simple moving average is $7.28 and its 200-day simple moving average is $8.02. 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 $561.27 million, a price-to-earnings ratio of -20.85 and a beta of 0.54.

B&G Foods (NYSE:BGS) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. The firm had revenue of $461.10 million during the quarter, compared to analyst estimates of $473.82 million. During the same quarter in the prior year, the company earned $0.27 EPS. The business’s revenue was down 8.3% on a year-over-year basis. As a group, equities research analysts anticipate that B&G Foods, Inc. will post 0.73 earnings per share for the current year.

B&G Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be issued a $0.19 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 10.72%. B&G Foods’s dividend payout ratio (DPR) is presently -223.53%.

Analyst Ratings Changes

A number of research firms have commented on BGS. TD Cowen reduced their target price on B&G Foods from $8.00 to $7.50 and set a “sell” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI cut their price objective on B&G Foods from $10.00 to $9.00 and set an “in-line” rating on the stock in a report on Wednesday, November 6th. StockNews.com upgraded shares of B&G Foods from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Finally, Barclays cut their price target on B&G Foods from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.