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

TrueMark Investments LLC lowered its stake in B&G Foods, Inc. (NYSE:BGS) by 42.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,520 shares of the company’s stock after selling 28,814 shares during the quarter. TrueMark Investments LLC’s holdings in B&G Foods were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BGS. Stratos Wealth Partners LTD. raised its stake in shares of B&G Foods by 12.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 14,647 shares of the company’s stock worth $101,000 after buying an additional 1,599 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in B&G Foods by 50.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,913 shares of the company’s stock worth $55,000 after acquiring an additional 2,658 shares during the period. Rhumbline Advisers raised its position in B&G Foods by 1.2% in the fourth quarter. Rhumbline Advisers now owns 251,087 shares of the company’s stock worth $1,730,000 after acquiring an additional 2,898 shares in the last quarter. Stifel Financial Corp lifted its holdings in B&G Foods by 1.9% in the 3rd quarter. Stifel Financial Corp now owns 181,529 shares of the company’s stock valued at $1,612,000 after acquiring an additional 3,359 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of B&G Foods by 2.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,926 shares of the company’s stock valued at $1,731,000 after purchasing an additional 3,879 shares in the last quarter. Institutional investors own 66.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their target price on shares of B&G Foods from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, B&G Foods currently has a consensus rating of “Hold” and an average target price of $8.10.

B&G Foods Stock Performance

Shares of BGS opened at $6.60 on Thursday. The company has a 50-day moving average of $6.64 and a two-hundred day moving average of $7.32. The stock has a market cap of $522.23 million, a price-to-earnings ratio of -19.41 and a beta of 0.47. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49. B&G Foods, Inc. has a one year low of $5.45 and a one year high of $11.79.

B&G Foods (NYSE:BGS) last announced its earnings results on Tuesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $551.57 million for the quarter, compared to the consensus estimate of $547.95 million. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. On average, equities research analysts expect that B&G Foods, Inc. will post 0.7 earnings per share for the current year.

B&G Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 11.52%. B&G Foods’s payout ratio is presently -23.90%.

B&G Foods Profile

B&G Foods, Inc is 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.