Illinois Municipal Retirement Fund Has $418,000 Stock Holdings in B&G Foods, Inc. (NYSE:BGS)

Illinois Municipal Retirement Fund lessened its holdings in B&G Foods, Inc. (NYSE:BGS) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,849 shares of the company’s stock after selling 4,650 shares during the period. Illinois Municipal Retirement Fund’s holdings in B&G Foods were worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BGS. Invesco Ltd. raised its holdings in shares of B&G Foods by 72.7% in the 3rd quarter. Invesco Ltd. now owns 1,087,931 shares of the company’s stock worth $10,760,000 after purchasing an additional 458,082 shares during the period. Savoir Faire Capital Management L.P. bought a new stake in B&G Foods during the 3rd quarter valued at $3,698,000. GSA Capital Partners LLP raised its holdings in B&G Foods by 313.0% during the 3rd quarter. GSA Capital Partners LLP now owns 317,922 shares of the company’s stock valued at $3,144,000 after acquiring an additional 240,943 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in B&G Foods by 10.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,575,390 shares of the company’s stock valued at $15,581,000 after acquiring an additional 148,548 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in B&G Foods during the 3rd quarter valued at $1,160,000. Institutional investors own 66.15% of the company’s stock.

Analyst Ratings Changes

BGS has been the topic of a number of analyst reports. 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 report on Wednesday, February 28th. StockNews.com raised shares of B&G Foods from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, B&G Foods presently has a consensus rating of “Hold” and a consensus price target of $9.50.

B&G Foods Stock Down 0.2 %

BGS opened at $11.08 on Thursday. The company has a fifty day moving average price of $10.94 and a 200-day moving average price of $10.16. The firm has a market capitalization of $875.48 million, a P/E ratio of -12.59 and a beta of 0.71. 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, Inc. has a one year low of $7.20 and a one year high of $16.62.

B&G Foods (NYSE:BGS) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $578.13 million during the quarter, compared to analyst estimates 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 business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. Equities research analysts expect that B&G Foods, Inc. will post 0.83 earnings per share for the current fiscal year.

B&G Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were given a $0.19 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.76 annualized dividend and a yield of 6.86%. B&G Foods’s dividend payout ratio (DPR) is presently -86.36%.

B&G Foods Profile

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.