Syon Capital LLC Invests $114,000 in B&G Foods, Inc. (NYSE:BGS)

Syon Capital LLC bought a new position in B&G Foods, Inc. (NYSE:BGS) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 10,858 shares of the company’s stock, valued at approximately $114,000.

Several other large investors have also recently modified their holdings of BGS. New York State Common Retirement Fund grew its stake in B&G Foods by 124.8% during the third quarter. New York State Common Retirement Fund now owns 65,829 shares of the company’s stock valued at $651,000 after acquiring an additional 36,548 shares in the last quarter. Swiss National Bank grew its stake in B&G Foods by 1.4% during the third quarter. Swiss National Bank now owns 158,700 shares of the company’s stock valued at $1,570,000 after acquiring an additional 2,200 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in B&G Foods by 10.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,575,390 shares of the company’s stock valued at $15,581,000 after acquiring an additional 148,548 shares in the last quarter. Deutsche Bank AG grew its stake in B&G Foods by 8.9% during the third quarter. Deutsche Bank AG now owns 76,910 shares of the company’s stock valued at $761,000 after acquiring an additional 6,276 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new position in B&G Foods during the third quarter valued at approximately $747,000. Hedge funds and other institutional investors own 66.15% of the company’s stock.

Insider Transactions at B&G Foods

In other news, CFO Bruce C. Wacha purchased 5,200 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of $8.59 per share, for a total transaction of $44,668.00. Following the acquisition, the chief financial officer now directly owns 91,328 shares of the company’s stock, valued at approximately $784,507.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Stephen Sherrill purchased 125,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of $8.59 per share, for a total transaction of $1,073,750.00. Following the acquisition, the director now directly owns 270,136 shares of the company’s stock, valued at approximately $2,320,468.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce C. Wacha purchased 5,200 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of $8.59 per share, with a total value of $44,668.00. Following the completion of the acquisition, the chief financial officer now directly owns 91,328 shares in the company, valued at $784,507.52. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 141,955 shares of company stock worth $1,218,453. 3.20% of the stock is currently owned by insiders.

B&G Foods Price Performance

BGS stock opened at $8.38 on Wednesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 3.22 and a quick ratio of 0.92. B&G Foods, Inc. has a one year low of $7.20 and a one 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 firm has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $10.32.

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

B&G Foods Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com cut shares of B&G Foods from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Piper Sandler raised shares of B&G Foods from an “underweight” rating to a “neutral” rating and set a $9.00 price target for the company in a research note on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat.com, B&G Foods currently has an average rating of “Hold” and an average target price of $9.50.

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.