B&G Foods, Inc. (NYSE:BGS) Shares Acquired by Invesco Ltd.

Invesco Ltd. grew its position in B&G Foods, Inc. (NYSE:BGS - Free Report) by 55.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,132,834 shares of the company's stock after buying an additional 405,033 shares during the quarter. Invesco Ltd. owned 1.43% of B&G Foods worth $7,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dana Investment Advisors Inc. lifted its stake in B&G Foods by 20.3% in the fourth quarter. Dana Investment Advisors Inc. now owns 764,745 shares of the company's stock worth $5,269,000 after acquiring an additional 129,202 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of B&G Foods in the 4th quarter worth approximately $1,132,000. Barclays PLC boosted its stake in shares of B&G Foods by 310.1% during the third quarter. Barclays PLC now owns 130,693 shares of the company's stock valued at $1,160,000 after purchasing an additional 98,824 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in B&G Foods during the fourth quarter valued at approximately $857,000. Finally, Intech Investment Management LLC raised its stake in B&G Foods by 130.9% in the fourth quarter. Intech Investment Management LLC now owns 108,675 shares of the company's stock worth $749,000 after buying an additional 61,619 shares in the last quarter. Institutional investors own 66.15% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price target on B&G Foods from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $8.10.

B&G Foods Stock Up 0.3 %

NYSE BGS traded up $0.02 on Wednesday, hitting $6.89. The stock had a trading volume of 1,467,239 shares, compared to its average volume of 1,461,556. The business's fifty day moving average price is $6.77 and its 200 day moving average price is $6.93. The stock has a market cap of $545.26 million, a price-to-earnings ratio of -20.26 and a beta of 0.74. 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, Inc. has a 52-week low of $5.45 and a 52-week high of $11.72.

B&G Foods (NYSE:BGS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. The firm had revenue of $551.57 million for the quarter, compared to the consensus estimate of $547.95 million. Equities research analysts anticipate that B&G Foods, Inc. will post 0.7 earnings per share for the current year.

B&G Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.03%. B&G Foods's dividend payout ratio is currently -23.90%.

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. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar.