Dimensional Fund Advisors LP Has $23.11 Million Stock Holdings in B&G Foods, Inc. (NYSE:BGS)

Dimensional Fund Advisors LP boosted its position in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,353,557 shares of the company's stock after purchasing an additional 744,898 shares during the period. Dimensional Fund Advisors LP owned about 4.24% of B&G Foods worth $23,106,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its holdings 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 valued at $101,000 after acquiring an additional 1,599 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in B&G Foods by 50.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,913 shares of the company's stock valued at $55,000 after purchasing an additional 2,658 shares during the last quarter. Rhumbline Advisers lifted its stake in B&G Foods by 1.2% in the 4th quarter. Rhumbline Advisers now owns 251,087 shares of the company's stock valued at $1,730,000 after purchasing an additional 2,898 shares during the last quarter. Geode Capital Management LLC lifted its stake in B&G Foods by 0.3% in the 4th 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 last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in B&G Foods by 6.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 115,660 shares of the company's stock valued at $795,000 after purchasing an additional 6,896 shares during the last quarter. Institutional investors own 66.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BGS shares. Piper Sandler reduced their price objective on B&G Foods from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday. Barclays reduced their price objective on B&G Foods from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Thursday. 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.30.

B&G Foods Trading Up 4.1%

NYSE BGS traded up $0.19 on Monday, reaching $4.66. The company had a trading volume of 525,330 shares, compared to its average volume of 1,566,707. The firm has a market cap of $371.46 million, a price-to-earnings ratio of -13.69 and a beta of 0.74. B&G Foods, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $9.78. The business has a 50 day moving average of $6.62 and a two-hundred day moving average of $6.77. 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 (NYSE:BGS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.12). The company had revenue of $425.40 million during the quarter, compared to analyst estimates of $459.40 million. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. The business's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 earnings per share. Analysts forecast that B&G Foods, Inc. will post 0.7 EPS for the current year.

B&G Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 16.33%. The ex-dividend date of this dividend was Monday, March 31st. B&G Foods's dividend payout ratio is -28.57%.

B&G Foods Company 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. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.