Barclays PLC Buys 98,824 Shares of B&G Foods, Inc. (NYSE:BGS)

Barclays PLC grew its position in B&G Foods, Inc. (NYSE:BGS) by 310.1% during the 3rd quarter, according to its most recent 13F filing with the 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 about 0.17% of B&G Foods worth $1,160,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC boosted its stake in B&G Foods by 34.1% in the third quarter. nVerses Capital LLC now owns 5,500 shares of the company’s stock worth $49,000 after purchasing an additional 1,400 shares in the last quarter. Rhumbline Advisers lifted its position in B&G Foods by 0.7% during the 2nd quarter. Rhumbline Advisers now owns 248,716 shares of the company’s stock worth $2,010,000 after buying an additional 1,625 shares in the last quarter. PFG Investments LLC grew its holdings in B&G Foods by 12.5% during the 3rd quarter. PFG Investments LLC now owns 18,045 shares of the company’s stock worth $160,000 after acquiring an additional 2,008 shares during the last quarter. Versor Investments LP increased its position in B&G Foods by 13.4% in the 3rd quarter. Versor Investments LP now owns 24,300 shares of the company’s stock valued at $216,000 after acquiring an additional 2,862 shares in the last quarter. Finally, Foundry Partners LLC raised its stake in shares of B&G Foods by 1.3% in the third quarter. Foundry Partners LLC now owns 245,235 shares of the company’s stock worth $2,178,000 after acquiring an additional 3,235 shares during the last quarter. Institutional investors own 66.15% of the company’s stock.

Insider Transactions at B&G Foods

In related news, Director Stephen Sherrill acquired 70,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $6.63 per share, for a total transaction of $464,100.00. Following the transaction, the director now directly owns 353,084 shares in the company, valued at $2,340,946.92. This trade represents a 24.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric H. Hart bought 5,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was bought at an average price of $6.25 per share, for a total transaction of $31,250.00. Following the transaction, the executive vice president now directly owns 88,899 shares of the company’s stock, valued at approximately $555,618.75. This represents a 5.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 90,111 shares of company stock valued at $593,054. 3.20% of the stock is currently owned by insiders.

B&G Foods Trading Up 1.1 %

Shares of NYSE:BGS opened at $6.54 on Tuesday. The stock has a market cap of $517.73 million, a PE ratio of -19.23 and a beta of 0.51. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 2.40. B&G Foods, Inc. has a 12-month low of $6.12 and a 12-month high of $11.97. The business has a 50 day moving average of $6.98 and a 200-day moving average of $7.92.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. As a group, equities research analysts forecast that B&G Foods, Inc. will post 0.73 earnings per share for the current year.

B&G Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 11.62%. The ex-dividend date of this dividend is Tuesday, December 31st. B&G Foods’s payout ratio is -223.53%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BGS. StockNews.com raised B&G Foods from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Barclays dropped their price objective on B&G Foods from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. TD Cowen reduced their target price on shares of B&G Foods from $8.00 to $7.50 and set a “sell” rating on the stock in a research note on Wednesday, November 6th. Finally, Evercore ISI lowered their price target on shares of 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. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.30.

About B&G Foods

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., 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, and wine vinegar.