B&G Foods, Inc. $BGS Stake Lessened by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its holdings in B&G Foods, Inc. (NYSE:BGS) by 88.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,279 shares of the company’s stock after selling 252,727 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in B&G Foods were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. US Bancorp DE lifted its position in shares of B&G Foods by 2.9% during the 1st quarter. US Bancorp DE now owns 81,823 shares of the company’s stock valued at $562,000 after acquiring an additional 2,278 shares during the last quarter. CWM LLC raised its position in shares of B&G Foods by 61.2% during the first quarter. CWM LLC now owns 7,518 shares of the company’s stock worth $52,000 after purchasing an additional 2,855 shares during the period. Signaturefd LLC lifted its holdings in shares of B&G Foods by 48.7% during the second quarter. Signaturefd LLC now owns 10,036 shares of the company’s stock valued at $42,000 after purchasing an additional 3,288 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of B&G Foods by 7.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 47,329 shares of the company’s stock valued at $199,000 after purchasing an additional 3,465 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of B&G Foods by 3,217.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,043 shares of the company’s stock valued at $35,000 after purchasing an additional 4,891 shares during the period. Institutional investors own 66.15% of the company’s stock.

B&G Foods Stock Performance

BGS stock opened at $4.57 on Wednesday. The firm has a 50 day simple moving average of $4.44 and a 200 day simple moving average of $4.39. B&G Foods, Inc. has a 52 week low of $3.67 and a 52 week high of $8.10. The stock has a market cap of $365.10 million, a P/E ratio of -1.61 and a beta of 0.43. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.89 and a current ratio of 2.93.

B&G Foods (NYSE:BGS) last released its earnings results on Wednesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.47 million. B&G Foods had a negative net margin of 12.02% and a positive return on equity of 7.16%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. B&G Foods has set its FY 2025 guidance at 0.500-0.580 EPS. Research analysts anticipate that B&G Foods, Inc. will post 0.7 earnings per share for the current fiscal year.

B&G Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 16.6%. The ex-dividend date is Wednesday, December 31st. B&G Foods’s dividend payout ratio (DPR) is currently -24.05%.

Analyst Upgrades and Downgrades

BGS has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on B&G Foods from $6.00 to $5.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 5th. Zacks Research raised shares of B&G Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of B&G Foods in a report on Monday. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, B&G Foods presently has a consensus rating of “Reduce” and an average target price of $4.67.

About B&G Foods

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.