B&G Foods, Inc. (NYSE:BGS) Shares Sold by Algert Global LLC

Algert Global LLC cut its holdings in shares of B&G Foods, Inc. (NYSE:BGSFree Report) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,080 shares of the company’s stock after selling 10,630 shares during the quarter. Algert Global LLC owned about 0.18% of B&G Foods worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in B&G Foods by 1.3% during the 3rd quarter. BlackRock Inc. now owns 11,268,543 shares of the company’s stock worth $185,818,000 after purchasing an additional 145,921 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of B&G Foods by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,543,629 shares of the company’s stock valued at $140,884,000 after acquiring an additional 453,830 shares during the last quarter. State Street Corp increased its holdings in shares of B&G Foods by 2.3% in the 3rd quarter. State Street Corp now owns 3,829,591 shares of the company’s stock valued at $64,883,000 after acquiring an additional 85,627 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in B&G Foods by 10.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,575,390 shares of the company’s stock worth $15,581,000 after buying an additional 148,548 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in B&G Foods by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,420,170 shares of the company’s stock worth $19,769,000 after buying an additional 51,947 shares during the last quarter. 63.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on BGS. TheStreet lowered B&G Foods from a “c-” rating to a “d+” rating in a research report on Wednesday, November 8th. StockNews.com lowered B&G Foods from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating and one has given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $9.17.

Read Our Latest Analysis on BGS

B&G Foods Stock Performance

BGS opened at $9.38 on Wednesday. The company has a market cap of $737.06 million, a PE ratio of -16.45 and a beta of 0.67. The stock has a 50-day moving average of $10.18 and a 200-day moving average of $10.06. B&G Foods, Inc. has a 52-week low of $7.20 and a 52-week high of $16.68. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.76 and a current ratio of 1.52.

B&G Foods Company Profile

(Free Report)

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, baking powder and soda, cookies and crackers, corn starch, nut clusters, and other specialty products.

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Institutional Ownership by Quarter for B&G Foods (NYSE:BGS)

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