B&G Foods, Inc. (BGS) Holdings Lifted by North Star Investment Management Corp.

North Star Investment Management Corp. raised its holdings in B&G Foods, Inc. (NYSE:BGS) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,902 shares of the company’s stock after acquiring an additional 1,534 shares during the period. North Star Investment Management Corp.’s holdings in B&G Foods were worth $348,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its stake in shares of B&G Foods by 934.9% during the second quarter. Acrospire Investment Management LLC now owns 2,877 shares of the company’s stock valued at $102,000 after purchasing an additional 2,599 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of B&G Foods by 61.2% during the second quarter. Riverhead Capital Management LLC now owns 3,062 shares of the company’s stock valued at $109,000 after purchasing an additional 1,162 shares in the last quarter. Advantage Investment Management LLC boosted its stake in shares of B&G Foods by 212.0% during the third quarter. Advantage Investment Management LLC now owns 3,763 shares of the company’s stock valued at $120,000 after purchasing an additional 2,557 shares in the last quarter. Sei Investments Co. boosted its stake in shares of B&G Foods by 298.9% during the third quarter. Sei Investments Co. now owns 4,033 shares of the company’s stock valued at $128,000 after purchasing an additional 3,022 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of B&G Foods by 19.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,958 shares of the company’s stock valued at $141,000 after purchasing an additional 648 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

B&G Foods, Inc. (NYSE:BGS) opened at $32.15 on Friday. B&G Foods, Inc. has a 12 month low of $29.50 and a 12 month high of $47.75. The company has a quick ratio of 1.06, a current ratio of 3.24 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $2,234.28, a P/E ratio of 18.36 and a beta of 0.18.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.08. B&G Foods had a return on equity of 15.50% and a net margin of 6.29%. The firm had revenue of $408.40 million for the quarter, compared to analyst estimates of $391.31 million. During the same period in the previous year, the firm earned $0.56 earnings per share. The company’s revenue was up 28.3% compared to the same quarter last year. analysts predict that B&G Foods, Inc. will post 2.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be paid a $0.465 dividend. This represents a $1.86 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend is Thursday, December 28th. B&G Foods’s dividend payout ratio (DPR) is presently 123.18%.

A number of equities analysts recently commented on BGS shares. Berenberg Bank raised B&G Foods from a “hold” rating to a “buy” rating and cut their price objective for the stock from $43.50 to $40.00 in a research note on Thursday, November 16th. Zacks Investment Research raised B&G Foods from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, October 17th. Finally, Stephens raised B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective on the stock in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.22.

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About B&G Foods

B&G Foods, Inc (B&G Foods) is a holding company. The Company manufactures, sells and distributes a portfolio of shelf-stable and frozen foods across the United States, 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, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters and other specialty products.

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

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