B&G Foods, Inc. (BGS) Shares Bought by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. boosted its holdings in shares of B&G Foods, Inc. (NYSE:BGS) by 106,443.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 282,340 shares of the company’s stock after buying an additional 282,075 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 0.42% of B&G Foods worth $8,993,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BGS. Acrospire Investment Management LLC increased its holdings in shares of B&G Foods by 934.9% in the second quarter. Acrospire Investment Management LLC now owns 2,877 shares of the company’s stock worth $102,000 after buying an additional 2,599 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of B&G Foods by 61.2% in the second quarter. Riverhead Capital Management LLC now owns 3,062 shares of the company’s stock worth $109,000 after buying an additional 1,162 shares during the period. Sei Investments Co. increased its holdings in shares of B&G Foods by 298.9% in the third quarter. Sei Investments Co. now owns 4,033 shares of the company’s stock worth $128,000 after buying an additional 3,022 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of B&G Foods by 19.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,958 shares of the company’s stock worth $141,000 after buying an additional 648 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of B&G Foods by 4.4% in the second quarter. Bank of Montreal Can now owns 5,000 shares of the company’s stock worth $178,000 after buying an additional 211 shares during the period. 89.51% of the stock is owned by institutional investors.

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Shares of B&G Foods, Inc. (NYSE:BGS) traded up $0.30 during midday trading on Thursday, reaching $36.25. 546,865 shares of the company were exchanged, compared to its average volume of 844,057. The stock has a market cap of $2,410.00, a price-to-earnings ratio of 19.65 and a beta of 0.11. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.06 and a current ratio of 3.24. B&G Foods, Inc. has a 52 week low of $29.50 and a 52 week high of $47.75.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be issued a $0.465 dividend. This represents a $1.86 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Thursday, December 28th. B&G Foods’s dividend payout ratio is currently 122.37%.

BGS has been the topic of several analyst reports. Stephens upgraded B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective on the stock in a report on Wednesday, November 1st. Barclays PLC cut their target price on B&G Foods from $46.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 8th. 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 report on Tuesday, October 17th. Credit Suisse Group set a $36.00 price objective on B&G Foods and gave the company a “hold” rating in a research report on Saturday, August 5th. Finally, Berenberg Bank raised B&G Foods from a “hold” rating to a “buy” rating and cut their price objective for the company from $43.50 to $40.00 in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $40.22.

B&G Foods Company Profile

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.

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

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