B&G Foods, Inc. (NYSE:BGS) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. trimmed its position in B&G Foods, Inc. (NYSE:BGS) by 19.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,120 shares of the company’s stock after selling 2,930 shares during the period. Everence Capital Management Inc.’s holdings in B&G Foods were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Rodgers Brothers Inc. lifted its stake in shares of B&G Foods by 2.4% during the first quarter. Rodgers Brothers Inc. now owns 25,740 shares of the company’s stock worth $694,000 after buying an additional 615 shares during the period. Guggenheim Capital LLC lifted its stake in shares of B&G Foods by 3.6% during the second quarter. Guggenheim Capital LLC now owns 26,360 shares of the company’s stock worth $367,000 after buying an additional 921 shares during the period. Captrust Financial Advisors lifted its stake in shares of B&G Foods by 8.3% during the first quarter. Captrust Financial Advisors now owns 13,074 shares of the company’s stock worth $359,000 after buying an additional 998 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of B&G Foods by 1.0% during the fourth quarter. JPMorgan Chase & Co. now owns 102,905 shares of the company’s stock worth $1,148,000 after buying an additional 1,013 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of B&G Foods by 124.9% during the first quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock worth $29,000 after buying an additional 1,039 shares during the period. 66.15% of the stock is currently owned by institutional investors and hedge funds.

B&G Foods Trading Up 1.4 %

NYSE BGS opened at $10.73 on Friday. The company has a market capitalization of $848.21 million, a PE ratio of -12.19 and a beta of 0.71. The company has a fifty day moving average of $10.75 and a 200 day moving average of $9.98. B&G Foods, Inc. has a 1 year low of $7.20 and a 1 year high of $16.68. The company has a debt-to-equity ratio of 2.42, a current ratio of 3.06 and a quick ratio of 0.89.

B&G Foods (NYSE:BGS) last posted its earnings results on Tuesday, February 27th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $578.13 million during the quarter, compared to the consensus estimate of $569.65 million. B&G Foods had a negative net margin of 3.21% and a positive return on equity of 8.68%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. Research analysts forecast that B&G Foods, Inc. will post 0.83 earnings per share for the current year.

B&G Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 7.08%. B&G Foods’s payout ratio is -86.36%.

Wall Street Analyst Weigh In

BGS has been the subject of several research reports. StockNews.com upgraded shares of B&G Foods from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. Piper Sandler boosted their target price on shares of B&G Foods from $8.00 to $9.00 and gave the company an “underweight” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.50.

About B&G Foods

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products.