14,096 Shares in B&G Foods, Inc. (NYSE:BGS) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in B&G Foods, Inc. (NYSE:BGS) in the 2nd quarter, Holdings Channel reports. The fund bought 14,096 shares of the company’s stock, valued at approximately $293,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in B&G Foods by 124.9% in the 1st quarter. Versant Capital Management Inc now owns 2,092 shares of the company’s stock worth $51,000 after acquiring an additional 1,162 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in B&G Foods in the 1st quarter worth approximately $57,000. Optimum Investment Advisors purchased a new stake in B&G Foods in the 1st quarter worth approximately $98,000. Hanson & Doremus Investment Management increased its holdings in B&G Foods by 99.4% in the 1st quarter. Hanson & Doremus Investment Management now owns 6,752 shares of the company’s stock worth $165,000 after acquiring an additional 3,365 shares in the last quarter. Finally, First Allied Advisory Services Inc. increased its holdings in B&G Foods by 17.3% in the 1st quarter. First Allied Advisory Services Inc. now owns 8,688 shares of the company’s stock worth $212,000 after acquiring an additional 1,281 shares in the last quarter. 96.56% of the stock is owned by institutional investors.

BGS traded up $2.07 during trading on Friday, reaching $19.97. 4,749,584 shares of the company traded hands, compared to its average volume of 1,072,994. The company has a current ratio of 2.15, a quick ratio of 0.74 and a debt-to-equity ratio of 1.90. B&G Foods, Inc. has a 12-month low of $17.76 and a 12-month high of $33.00. The business’s fifty day simple moving average is $20.38. The stock has a market capitalization of $1.30 billion, a P/E ratio of 10.79 and a beta of 0.47.

B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. B&G Foods had a net margin of 10.03% and a return on equity of 13.26%. The business had revenue of $371.20 million during the quarter, compared to analyst estimates of $370.24 million. During the same period last year, the firm posted $0.38 EPS. The company’s revenue was down 4.4% on a year-over-year basis. On average, equities research analysts predict that B&G Foods, Inc. will post 1.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 9.51%. The ex-dividend date is Friday, September 27th. B&G Foods’s dividend payout ratio (DPR) is currently 102.70%.

BGS has been the subject of several analyst reports. Barclays reissued a “hold” rating and issued a $22.00 target price on shares of B&G Foods in a report on Monday, July 15th. Evercore ISI initiated coverage on shares of B&G Foods in a report on Tuesday, June 11th. They issued an “in-line” rating and a $25.00 target price for the company. Zacks Investment Research raised shares of B&G Foods from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, ValuEngine lowered shares of B&G Foods from a “sell” rating to a “strong sell” rating in a report on Saturday, June 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. B&G Foods has an average rating of “Hold” and a consensus price target of $27.61.

B&G Foods Company Profile

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, oatmeal and hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, cookies and crackers, nut clusters, and other specialty products.

Read More: Understanding debt-to-equity ratio in fundamental analysis

Want to see what other hedge funds are holding BGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for B&G Foods, Inc. (NYSE:BGS).

Institutional Ownership by Quarter for B&G Foods (NYSE:BGS)

Receive News & Ratings for B&G Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B&G Foods and related companies with MarketBeat.com's FREE daily email newsletter.