Syon Capital LLC Buys Shares of 61,425 B&G Foods, Inc. (NYSE:BGS)

Syon Capital LLC acquired a new position in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 61,425 shares of the company's stock, valued at approximately $423,000. Syon Capital LLC owned 0.08% of B&G Foods at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BGS. Price T Rowe Associates Inc. MD increased its stake in B&G Foods by 14.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 71,940 shares of the company's stock valued at $496,000 after buying an additional 9,225 shares during the period. Stifel Financial Corp raised its position in shares of B&G Foods by 3.7% during the 4th quarter. Stifel Financial Corp now owns 188,231 shares of the company's stock worth $1,297,000 after purchasing an additional 6,702 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in B&G Foods by 5.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 31,158 shares of the company's stock valued at $215,000 after buying an additional 1,718 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in B&G Foods by 28.6% during the 4th 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. Finally, CANADA LIFE ASSURANCE Co increased its position in B&G Foods by 6.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 115,660 shares of the company's stock worth $795,000 after buying an additional 6,896 shares in the last quarter. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

B&G Foods Trading Up 1.2 %

BGS traded up $0.08 during trading on Wednesday, hitting $6.95. 398,388 shares of the company's stock were exchanged, compared to its average volume of 1,454,681. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 2.40. The firm has a market cap of $550.01 million, a P/E ratio of -20.44 and a beta of 0.74. The stock has a 50 day moving average price of $6.77 and a 200 day moving average price of $6.93. B&G Foods, Inc. has a 1 year low of $5.45 and a 1 year high of $11.72.

B&G Foods (NYSE:BGS - Get Free Report) last issued 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. The company had revenue of $551.57 million during the quarter, compared to the consensus estimate of $547.95 million. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. As a group, analysts expect that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 10.94%. The ex-dividend date is Monday, March 31st. B&G Foods's payout ratio is -23.90%.

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 on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $8.10.

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.