B&G Foods, Inc. $BGS Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in B&G Foods, Inc. by 31.5%, owning 1,340,836 shares valued at approximately $9.21 million as of the latest SEC filing.
• B&G Foods recently reported earnings of $0.04 EPS, falling short of analyst expectations, with a revenue decrease of 4.5% compared to the previous year.
• The company also announced a quarterly dividend of $0.19 per share, resulting in a annualized yield of 16.8% despite a negative net margin of 12.02%.

Charles Schwab Investment Management Inc. boosted its holdings in B&G Foods, Inc. (NYSE:BGS - Free Report) by 31.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,340,836 shares of the company's stock after buying an additional 321,414 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.69% of B&G Foods worth $9,211,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in B&G Foods by 28.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,353,557 shares of the company's stock valued at $23,106,000 after buying an additional 744,898 shares during the last quarter. Northern Trust Corp increased its holdings in B&G Foods by 10.0% in the fourth quarter. Northern Trust Corp now owns 872,186 shares of the company's stock valued at $6,009,000 after buying an additional 79,226 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of B&G Foods by 113.2% during the fourth quarter. Two Sigma Investments LP now owns 830,817 shares of the company's stock worth $5,724,000 after purchasing an additional 441,117 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of B&G Foods by 14.0% during the first quarter. Bank of New York Mellon Corp now owns 789,956 shares of the company's stock worth $5,427,000 after purchasing an additional 97,209 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in shares of B&G Foods by 15.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 615,114 shares of the company's stock worth $4,238,000 after purchasing an additional 82,494 shares during the last quarter. Hedge funds and other institutional investors own 66.15% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Royal Bank Of Canada dropped their price objective on B&G Foods from $6.00 to $5.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 5th. Barclays dropped their price objective on B&G Foods from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Finally, Piper Sandler dropped their price objective on B&G Foods from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $6.10.

B&G Foods Stock Performance

Shares of BGS traded up $0.07 during mid-day trading on Friday, hitting $4.52. 1,542,790 shares of the company's stock were exchanged, compared to its average volume of 2,510,696. B&G Foods, Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $9.44. The firm has a market capitalization of $361.20 million, a P/E ratio of -1.60 and a beta of 0.46. The business's 50 day moving average is $4.31 and its two-hundred day moving average is $5.31. 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 (NYSE:BGS - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). B&G Foods had a positive return on equity of 7.16% and a negative net margin of 12.02%.The business had revenue of $424.43 million for the quarter, compared to analyst estimates of $427.80 million. During the same quarter last year, the company posted $0.08 EPS. B&G Foods's quarterly revenue was down 4.5% on a year-over-year basis. B&G Foods has set its FY 2025 guidance at 0.500-0.600 EPS. On average, equities analysts expect that B&G Foods, Inc. will post 0.7 earnings per share for the current year.

B&G Foods Dividend Announcement

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 dividend of $0.19 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 16.8%. B&G Foods's dividend payout ratio is -26.86%.

B&G Foods 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.