Jupiter Asset Management Ltd. Purchases 94,424 Shares of B&G Foods, Inc. (NYSE:BGS)

Jupiter Asset Management Ltd. grew its position in B&G Foods, Inc. (NYSE:BGS - Free Report) by 131.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 166,199 shares of the company's stock after buying an additional 94,424 shares during the period. Jupiter Asset Management Ltd. owned 0.21% of B&G Foods worth $1,142,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BGS. KLP Kapitalforvaltning AS bought a new stake in shares of B&G Foods in the 4th quarter valued at about $92,000. JPMorgan Chase & Co. boosted its holdings in shares of B&G Foods by 66.1% in the 4th quarter. JPMorgan Chase & Co. now owns 296,346 shares of the company's stock valued at $2,042,000 after buying an additional 117,912 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 acquiring an additional 5,646 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of B&G Foods by 290.7% during the fourth quarter. Russell Investments Group Ltd. now owns 24,302 shares of the company's stock valued at $168,000 after acquiring an additional 18,082 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of B&G Foods by 221.9% during the fourth quarter. Bank of Montreal Can now owns 40,411 shares of the company's stock valued at $278,000 after acquiring an additional 27,858 shares in the last quarter. 66.15% of the stock is currently owned by institutional investors.

B&G Foods Price Performance

Shares of NYSE BGS opened at $4.13 on Tuesday. B&G Foods, Inc. has a 52 week low of $3.97 and a 52 week high of $9.44. The company has a quick ratio of 1.07, a current ratio of 3.32 and a debt-to-equity ratio of 3.90. The firm has a market cap of $329.17 million, a P/E ratio of -1.55 and a beta of 0.48. The business's 50 day moving average price is $4.30 and its 200 day moving average price is $5.58.

B&G Foods (NYSE:BGS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). B&G Foods had a negative net margin of 11.16% and a positive return on equity of 7.00%. The business had revenue of $424.43 million for the quarter, compared to analyst estimates of $427.80 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The business's revenue was down 4.5% on a year-over-year basis. On average, sell-side analysts expect that B&G Foods, Inc. will post 0.7 earnings per share for the current year.

B&G Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, September 30th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 18.4%. The ex-dividend date is Tuesday, September 30th. B&G Foods's dividend payout ratio is currently -28.57%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BGS. Barclays cut their price objective on shares of 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. Piper Sandler cut their price objective on shares of B&G Foods from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.10.

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.

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