Campbell & CO Investment Adviser LLC Has $1.96 Million Stock Holdings in B&G Foods, Inc. $BGS

Key Points

• Campbell & CO Investment Adviser LLC has significantly increased its holdings in B&G Foods, Inc. by 375.7%, now owning 285,006 shares valued at approximately $1.96 million.
• B&G Foods has reported a quarterly earnings miss, with $0.04 EPS, falling short of the estimated $0.07, and a revenue decline of 4.5% year-over-year.
• The company has announced a quarterly dividend of $0.19, resulting in a yield of 16.8%, to be paid on October 27th.

Campbell & CO Investment Adviser LLC increased its position in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 375.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,006 shares of the company's stock after purchasing an additional 225,096 shares during the period. Campbell & CO Investment Adviser LLC owned 0.36% of B&G Foods worth $1,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BGS. Caitong International Asset Management Co. Ltd increased its stake in shares of B&G Foods by 3,217.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,043 shares of the company's stock worth $35,000 after acquiring an additional 4,891 shares during the period. Signaturefd LLC grew its position in B&G Foods by 930.2% during the first quarter. Signaturefd LLC now owns 6,748 shares of the company's stock worth $46,000 after buying an additional 6,093 shares during the period. CWM LLC grew its position in shares of B&G Foods by 61.2% in the first quarter. CWM LLC now owns 7,518 shares of the company's stock valued at $52,000 after purchasing an additional 2,855 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of B&G Foods in the first quarter valued at approximately $69,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of B&G Foods in the first quarter valued at approximately $80,000. 66.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BGS. Barclays cut their price target on shares of B&G Foods from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Piper Sandler decreased their price objective on shares of B&G Foods from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Royal Bank Of Canada reduced their price target on shares of B&G Foods from $6.00 to $5.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $6.10.

B&G Foods Stock Down 1.4%

NYSE BGS traded down $0.07 during trading on Thursday, reaching $4.47. The company's stock had a trading volume of 1,807,168 shares, compared to its average volume of 2,626,362. The business has a 50-day moving average price of $4.30 and a 200-day moving average price of $5.33. The company has a current ratio of 2.93, a quick ratio of 0.89 and a debt-to-equity ratio of 3.96. B&G Foods, Inc. has a 1-year low of $3.67 and a 1-year high of $9.44. The stock has a market capitalization of $357.20 million, a PE ratio of -1.58 and a beta of 0.48.

B&G Foods (NYSE:BGS - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $424.43 million for the quarter, compared to analyst estimates of $427.80 million. B&G Foods had a negative net margin of 12.02% and a positive return on equity of 7.16%. B&G Foods's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 earnings per share. B&G Foods has set its FY 2025 guidance at 0.500-0.600 EPS. On average, research analysts forecast that B&G Foods, Inc. will post 0.7 earnings per share for the current fiscal year.

B&G Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, September 30th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 17.0%. The ex-dividend date of this dividend is Tuesday, September 30th. B&G Foods's dividend payout ratio (DPR) is -26.86%.

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.