B&G Foods, Inc. (NYSE:BGS) Stock Position Raised by Barclays PLC

Barclays PLC boosted its stake in B&G Foods, Inc. (NYSE:BGS - Free Report) by 267.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,312 shares of the company's stock after purchasing an additional 349,619 shares during the period. Barclays PLC owned approximately 0.61% of B&G Foods worth $3,308,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BGS. American Century Companies Inc. grew its stake in shares of B&G Foods by 13.7% in the fourth quarter. American Century Companies Inc. now owns 2,226,706 shares of the company's stock valued at $15,342,000 after buying an additional 267,455 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of B&G Foods by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,809,054 shares of the company's stock valued at $12,468,000 after purchasing an additional 5,646 shares during the period. Invesco Ltd. lifted its position in shares of B&G Foods by 55.7% during the fourth quarter. Invesco Ltd. now owns 1,132,834 shares of the company's stock worth $7,805,000 after purchasing an additional 405,033 shares in the last quarter. Dana Investment Advisors Inc. boosted its stake in shares of B&G Foods by 20.3% in the fourth quarter. Dana Investment Advisors Inc. now owns 764,745 shares of the company's stock valued at $5,269,000 after purchasing an additional 129,202 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in B&G Foods by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 383,814 shares of the company's stock valued at $2,644,000 after purchasing an additional 10,742 shares in the last quarter. 66.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price objective on shares of B&G Foods from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $8.10.

B&G Foods Stock Down 1.3 %

BGS traded down $0.09 during trading on Friday, hitting $6.72. The company had a trading volume of 1,451,668 shares, compared to its average volume of 1,472,402. B&G Foods, Inc. has a 1-year low of $5.45 and a 1-year high of $11.72. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49. The company has a market cap of $531.81 million, a PE ratio of -19.76 and a beta of 0.74. The business has a 50-day moving average of $6.77 and a 200-day moving average of $6.89.

B&G Foods (NYSE:BGS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $551.57 million for the quarter, compared to analyst estimates of $547.95 million. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. As a group, analysts forecast that B&G Foods, Inc. will post 0.7 earnings per share for the current year.

B&G Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 11.31%. The ex-dividend date was Monday, March 31st. B&G Foods's dividend payout ratio is currently -23.90%.

About B&G Foods

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.