LPL Financial LLC Sells 37,784 Shares of B&G Foods, Inc. (NYSE:BGS)

LPL Financial LLC trimmed its position in B&G Foods, Inc. (NYSE:BGS - Free Report) by 35.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,501 shares of the company's stock after selling 37,784 shares during the quarter. LPL Financial LLC owned approximately 0.09% of B&G Foods worth $472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BGS. American Century Companies Inc. raised its position in shares of B&G Foods by 13.7% in the 4th quarter. American Century Companies Inc. now owns 2,226,706 shares of the company's stock valued at $15,342,000 after acquiring an additional 267,455 shares during the period. Raymond James Financial Inc. acquired a new stake in B&G Foods in the fourth quarter worth $1,132,000. Dana Investment Advisors Inc. boosted its position in shares of B&G Foods by 20.3% during the fourth quarter. Dana Investment Advisors Inc. now owns 764,745 shares of the company's stock worth $5,269,000 after purchasing an additional 129,202 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of B&G Foods during the 4th quarter valued at about $857,000. Finally, Barclays PLC boosted its stake in B&G Foods by 310.1% in the 3rd quarter. Barclays PLC now owns 130,693 shares of the company's stock worth $1,160,000 after purchasing an additional 98,824 shares during the period. 66.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

B&G Foods Stock Down 0.7 %

BGS traded down $0.05 on Thursday, hitting $6.85. 274,520 shares of the company were exchanged, compared to its average volume of 1,457,012. B&G Foods, Inc. has a 12 month low of $5.45 and a 12 month high of $11.72. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.49 and a current ratio of 1.64. The company has a market cap of $541.70 million, a PE ratio of -20.13 and a beta of 0.74. The stock's fifty day moving average is $6.77 and its 200-day moving average is $6.93.

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

B&G Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date was Monday, March 31st. 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.