UBS Group AG cut its stake in shares of B&G Foods, Inc. (NYSE:BGS – Free Report) by 23.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 835,122 shares of the company’s stock after selling 249,092 shares during the period. UBS Group AG’s holdings in B&G Foods were worth $3,591,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of B&G Foods by 1,597.8% during the 4th quarter. SG Americas Securities LLC now owns 297,027 shares of the company’s stock worth $1,277,000 after purchasing an additional 279,532 shares during the period. Triumph Capital Management bought a new stake in shares of B&G Foods during the 3rd quarter worth $34,000. Keel Point LLC bought a new stake in shares of B&G Foods during the 3rd quarter worth $104,000. Hudson Bay Capital Management LP bought a new stake in shares of B&G Foods during the 3rd quarter worth $111,000. Finally, Allworth Financial LP raised its stake in shares of B&G Foods by 49.5% during the 3rd quarter. Allworth Financial LP now owns 7,891 shares of the company’s stock worth $35,000 after purchasing an additional 2,612 shares during the period. 66.15% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on BGS shares. TD Cowen restated a “sell” rating on shares of B&G Foods in a research note on Wednesday, March 4th. Weiss Ratings cut B&G Foods from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Evercore set a $5.00 price objective on B&G Foods in a research note on Wednesday, March 4th. Finally, Barclays boosted their price objective on B&G Foods from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 14th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $4.88.
Insider Buying and Selling at B&G Foods
In other B&G Foods news, Director David L. Wenner sold 19,500 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $5.19, for a total value of $101,205.00. Following the completion of the sale, the director owned 787,566 shares in the company, valued at approximately $4,087,467.54. The trade was a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew D. Vogel sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $5.19, for a total value of $103,800.00. Following the transaction, the executive vice president owned 50,679 shares of the company’s stock, valued at approximately $263,024.01. This represents a 28.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 50,821 shares of company stock worth $266,138. 5.30% of the stock is currently owned by insiders.
B&G Foods Stock Down 1.5%
Shares of NYSE BGS opened at $4.19 on Friday. B&G Foods, Inc. has a 12 month low of $3.67 and a 12 month high of $6.38. The company has a current ratio of 2.99, a quick ratio of 1.42 and a debt-to-equity ratio of 4.96. The firm has a market capitalization of $339.70 million, a price-to-earnings ratio of -4.36 and a beta of 0.58. The business has a 50-day moving average of $5.05 and a 200-day moving average of $4.80.
B&G Foods (NYSE:BGS – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $365.13 million during the quarter, compared to analyst estimates of $398.81 million. B&G Foods had a positive return on equity of 9.67% and a negative net margin of 4.23%.B&G Foods’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. Sell-side analysts expect that B&G Foods, Inc. will post 0.57 earnings per share for the current fiscal year.
B&G Foods Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Tuesday, June 30th will be given a $0.095 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.38 annualized dividend and a yield of 9.1%. B&G Foods’s payout ratio is presently -79.17%.
B&G Foods Company Profile
B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.
The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.
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