Stifel Financial Corp Has $1.30 Million Stock Holdings in B&G Foods, Inc. (NYSE:BGS)

Stifel Financial Corp increased its position in B&G Foods, Inc. (NYSE:BGS) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 188,231 shares of the company’s stock after acquiring an additional 6,702 shares during the quarter. Stifel Financial Corp’s holdings in B&G Foods were worth $1,297,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in B&G Foods by 28.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,353,557 shares of the company’s stock valued at $23,106,000 after acquiring an additional 744,898 shares during the period. American Century Companies Inc. increased its holdings in B&G Foods by 13.7% in the fourth 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. Geode Capital Management LLC raised its position in B&G Foods by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,809,054 shares of the company’s stock worth $12,468,000 after purchasing an additional 5,646 shares during the last quarter. Invesco Ltd. lifted 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 buying an additional 405,033 shares during the period. Finally, Dana Investment Advisors Inc. grew 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 valued at $5,269,000 after buying an additional 129,202 shares during the last quarter. Institutional investors own 66.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price objective on B&G Foods from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, B&G Foods presently has a consensus rating of “Hold” and an average target price of $8.10.

B&G Foods Stock Performance

Shares of BGS opened at $4.75 on Thursday. 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’s fifty day simple moving average is $6.71 and its two-hundred day simple moving average is $6.85. B&G Foods, Inc. has a 12 month low of $4.30 and a 12 month high of $11.72. The stock has a market capitalization of $375.91 million, a P/E ratio of -13.97 and a beta of 0.74.

B&G Foods (NYSE:BGS) last announced its earnings results on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The business had revenue of $425.40 million for the quarter, compared to the consensus estimate of $459.40 million. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS. As a group, analysts predict that B&G Foods, Inc. will post 0.7 EPS for the current 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 paid a $0.19 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 16.00%. 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. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.