BlackRock Inc. Has $24.70 Million Stake in B&G Foods, Inc. $BGS

Key Points

• BlackRock reduced its B&G Foods stake by 6% in the second quarter, selling 398,104 shares. It still owned 6.21 million shares, valued at approximately $24.7 million and representing 7.65% of the company.
• B&G Foods reported quarterly EPS of $0.06, in line with estimates, but revenue fell 9.7% year over year to $383.27 million, below expectations. The company issued fiscal 2026 EPS guidance of $0.575–$0.675.
• The company declared a quarterly dividend of $0.095, implying an annualized yield of about 11%. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $4.00.

BlackRock Inc. reduced its holdings in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,206,181 shares of the company's stock after selling 398,104 shares during the period. BlackRock Inc. owned about 7.65% of B&G Foods worth $24,701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. OneDigital Investment Advisors LLC bought a new position in B&G Foods during the second quarter worth about $44,000. Bank of New York Mellon Corp raised its holdings in shares of B&G Foods by 16.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 407,582 shares of the company's stock worth $1,622,000 after buying an additional 57,620 shares in the last quarter. State of Wyoming bought a new position in shares of B&G Foods during the 2nd quarter worth approximately $54,000. Versant Capital Management Inc boosted its stake in B&G Foods by 38.5% in the 2nd quarter. Versant Capital Management Inc now owns 10,578 shares of the company's stock valued at $42,000 after buying an additional 2,941 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in B&G Foods in the first quarter valued at $458,000. Institutional investors own 66.15% of the company's stock.

B&G Foods Price Performance

Shares of BGS opened at $3.46 on Thursday. The stock has a market cap of $280.81 million, a P/E ratio of -3.88 and a beta of 0.48. B&G Foods, Inc. has a 1 year low of $3.32 and a 1 year high of $6.38. The stock's 50-day moving average price is $3.67 and its two-hundred day moving average price is $4.42. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 5.08.

B&G Foods (NYSE:BGS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. B&G Foods had a negative net margin of 4.00% and a positive return on equity of 10.74%. The business had revenue of $383.27 million for the quarter, compared to the consensus estimate of $394.92 million. During the same period last year, the company posted $0.04 EPS. B&G Foods's revenue for the quarter was down 9.7% on a year-over-year basis. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. On average, equities analysts predict that B&G Foods, Inc. will post 0.57 earnings per share for the current year.

B&G Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.38 annualized dividend and a dividend yield of 11.0%. B&G Foods's payout ratio is -42.70%.

Analyst Ratings Changes

BGS has been the subject of a number of analyst reports. TD Cowen cut their price objective on B&G Foods from $4.00 to $3.00 and set a "sell" rating for the company in a report on Wednesday, August 12th. Barclays reduced their price target on shares of B&G Foods from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, August 13th. Jefferies Financial Group set a $4.00 target price on shares of B&G Foods in a research note on Wednesday, July 22nd. Evercore set a $4.50 target price on B&G Foods in a report on Wednesday, August 12th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of B&G Foods in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $4.00.

B&G Foods Company Profile

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company's product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.

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