Quadrature Capital Ltd Has $129,000 Stake in B&G Foods, Inc. (NYSE:BGS)

Quadrature Capital Ltd lessened its holdings in shares of B&G Foods, Inc. (NYSE:BGS) by 81.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,290 shares of the company’s stock after selling 55,384 shares during the period. Quadrature Capital Ltd’s holdings in B&G Foods were worth $129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BGS. SummerHaven Investment Management LLC grew its stake in B&G Foods by 1.9% in the fourth quarter. SummerHaven Investment Management LLC now owns 53,151 shares of the company’s stock valued at $558,000 after purchasing an additional 1,007 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in B&G Foods by 8.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 13,761 shares of the company’s stock worth $144,000 after acquiring an additional 1,090 shares during the period. Maryland State Retirement & Pension System boosted its stake in B&G Foods by 7.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 28,575 shares of the company’s stock valued at $300,000 after buying an additional 1,948 shares in the last quarter. SG Americas Securities LLC grew its position in B&G Foods by 19.6% in the fourth quarter. SG Americas Securities LLC now owns 12,608 shares of the company’s stock valued at $132,000 after acquiring an additional 2,065 shares during the last quarter. Finally, Signaturefd LLC raised its stake in B&G Foods by 58.2% during the fourth quarter. Signaturefd LLC now owns 6,124 shares of the company’s stock worth $64,000 after acquiring an additional 2,254 shares in the last quarter. 66.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BGS shares. 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 report on Thursday, May 16th. StockNews.com cut shares of B&G Foods from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.50.

Insider Activity at B&G Foods

In other news, EVP Scott E. Lerner bought 11,755 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of $8.51 per share, with a total value of $100,035.05. Following the completion of the transaction, the executive vice president now directly owns 189,144 shares of the company’s stock, valued at approximately $1,609,615.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other B&G Foods news, CFO Bruce C. Wacha purchased 5,200 shares of the 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 $44,668.00. Following the completion of the transaction, the chief financial officer now directly owns 91,328 shares in the company, valued at approximately $784,507.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott E. Lerner acquired 11,755 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $8.51 per share, with a total value of $100,035.05. Following the completion of the acquisition, the executive vice president now owns 189,144 shares in the company, valued at approximately $1,609,615.44. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 141,955 shares of company stock worth $1,218,453. Insiders own 3.20% of the company’s stock.

B&G Foods Stock Down 1.3 %

BGS stock opened at $8.09 on Friday. 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 $639.51 million, a P/E ratio of -5.62 and a beta of 0.61. The stock’s fifty day simple moving average is $9.52 and its two-hundred day simple moving average is $10.21. 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 posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). B&G Foods had a negative net margin of 5.42% and a positive return on equity of 8.33%. The company had revenue of $475.22 million for the quarter, compared to the consensus estimate of $480.93 million. During the same quarter in the previous year, the company posted $0.27 EPS. B&G Foods’s quarterly revenue was down 7.1% compared to the same quarter last year. Analysts expect that B&G Foods, Inc. will post 0.79 EPS for the current year.

B&G Foods Dividend Announcement

The business also recently declared 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 dividend yield of 9.39%. B&G Foods’s dividend payout ratio (DPR) is presently -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.