B&G Foods, Inc. (NYSE:BGS) Shares Sold by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. lowered its stake in shares of B&G Foods, Inc. (NYSE:BGS) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,610 shares of the company’s stock after selling 397 shares during the quarter. Advisor Group Holdings Inc. owned approximately 0.16% of B&G Foods worth $3,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BGS. Morgan Stanley grew its position in shares of B&G Foods by 36.7% during the second quarter. Morgan Stanley now owns 1,384,406 shares of the company’s stock worth $45,409,000 after buying an additional 371,512 shares in the last quarter. Amundi acquired a new stake in shares of B&G Foods during the second quarter worth approximately $8,922,000. State Street Corp grew its position in shares of B&G Foods by 5.0% during the second quarter. State Street Corp now owns 2,929,770 shares of the company’s stock worth $97,436,000 after buying an additional 138,748 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of B&G Foods during the second quarter worth approximately $3,634,000. Finally, SG Americas Securities LLC acquired a new stake in shares of B&G Foods during the third quarter worth approximately $3,095,000. 65.90% of the stock is owned by institutional investors and hedge funds.

B&G Foods stock opened at $33.57 on Friday. The company has a market cap of $2.18 billion, a PE ratio of 25.82 and a beta of 0.34. The company has a fifty day moving average price of $31.40 and a two-hundred day moving average price of $30.54. The company has a debt-to-equity ratio of 2.90, a current ratio of 3.11 and a quick ratio of 0.88. B&G Foods, Inc. has a 12 month low of $27.20 and a 12 month high of $47.84.

B&G Foods (NYSE:BGS) last released its quarterly earnings data on Thursday, November 4th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $514.97 million during the quarter, compared to analyst estimates of $495.36 million. B&G Foods had a return on equity of 14.36% and a net margin of 4.23%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS. Equities research analysts anticipate that B&G Foods, Inc. will post 1.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Shareholders of record on Friday, December 31st will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date is Thursday, December 30th. B&G Foods’s payout ratio is 146.15%.

BGS has been the subject of a number of recent analyst reports. Piper Sandler downgraded shares of B&G Foods from a “neutral” rating to an “underweight” rating and set a $27.00 price target for the company. in a research report on Friday, November 5th. Zacks Investment Research downgraded shares of B&G Foods from a “hold” rating to a “strong sell” rating and set a $27.00 price objective for the company. in a report on Tuesday, January 4th.

About B&G Foods

B&G Foods, Incis 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.

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

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