Renaissance Technologies LLC Sells 138,000 Shares of B&G Foods, Inc. (NYSE:BGS)

Renaissance Technologies LLC lessened its holdings in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 32.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 284,300 shares of the company's stock after selling 138,000 shares during the period. Renaissance Technologies LLC owned 0.36% of B&G Foods worth $1,959,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in B&G Foods by 55.7% during the 4th quarter. Invesco Ltd. now owns 1,132,834 shares of the company's stock worth $7,805,000 after purchasing an additional 405,033 shares during the last quarter. American Century Companies Inc. lifted its stake 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 purchasing an additional 267,455 shares during the period. Raymond James Financial Inc. acquired a new position in shares of B&G Foods in the 4th quarter valued at $1,132,000. Dana Investment Advisors Inc. boosted its position in shares of B&G Foods by 20.3% in the 4th 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 during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in B&G Foods in the fourth quarter valued at about $857,000. 66.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

B&G Foods Stock Down 0.8 %

NYSE BGS traded down $0.06 on Thursday, reaching $6.84. The company had a trading volume of 443,774 shares, compared to its average volume of 1,457,800. B&G Foods, Inc. has a 1-year low of $5.45 and a 1-year 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's fifty day moving average is $6.77 and its 200-day moving average is $6.93. The firm has a market capitalization of $540.91 million, a price-to-earnings ratio of -20.10 and a beta of 0.74.

B&G Foods (NYSE:BGS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.31 EPS for the quarter, beating 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 business had revenue of $551.57 million for the quarter, compared to analysts' expectations of $547.95 million. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 11.12%. 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.