UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 3,879 Shares of B&G Foods, Inc. (NYSE:BGS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in B&G Foods, Inc. (NYSE:BGS) by 2.0% during the third quarter, Holdings Channel reports. The firm owned 194,926 shares of the company’s stock after purchasing an additional 3,879 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in B&G Foods were worth $1,731,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Dana Investment Advisors Inc. increased its position in B&G Foods by 23.5% in the second quarter. Dana Investment Advisors Inc. now owns 710,244 shares of the company’s stock worth $5,739,000 after buying an additional 134,937 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in B&G Foods in the second quarter worth $958,000. Savoir Faire Capital Management L.P. increased its position in B&G Foods by 37.5% in the second quarter. Savoir Faire Capital Management L.P. now owns 528,250 shares of the company’s stock worth $4,268,000 after buying an additional 144,146 shares during the last quarter. Dimensional Fund Advisors LP increased its position in B&G Foods by 33.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,918,418 shares of the company’s stock worth $15,501,000 after buying an additional 485,714 shares during the last quarter. Finally, American Century Companies Inc. increased its position in B&G Foods by 71.3% in the second quarter. American Century Companies Inc. now owns 1,640,354 shares of the company’s stock worth $13,254,000 after buying an additional 682,688 shares during the last quarter. Institutional investors own 66.15% of the company’s stock.

B&G Foods Trading Down 2.0 %

BGS opened at $7.67 on Tuesday. The business has a 50 day simple moving average of $7.47 and a two-hundred day simple moving average of $8.16. The firm has a market capitalization of $607.19 million, a price-to-earnings ratio of -22.56 and a beta of 0.54. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49. B&G Foods, Inc. has a one year low of $6.12 and a one year high of $11.97.

B&G Foods (NYSE:BGS) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The business had revenue of $461.10 million for the quarter, compared to the consensus estimate of $473.82 million. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. Analysts predict that B&G Foods, Inc. will post 0.73 EPS for the current year.

B&G Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 9.91%. The ex-dividend date of this dividend is Tuesday, December 31st. B&G Foods’s dividend payout ratio is currently -223.53%.

Insider Activity at B&G Foods

In other news, EVP Scott E. Lerner acquired 7,611 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $6.57 per share, with a total value of $50,004.27. Following the completion of the acquisition, the executive vice president now directly owns 196,755 shares of the company’s stock, valued at approximately $1,292,680.35. The trade was a 4.02 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew D. Vogel acquired 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average cost of $6.36 per share, with a total value of $47,700.00. Following the acquisition, the executive vice president now directly owns 37,064 shares of the company’s stock, valued at $235,727.04. This trade represents a 25.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 90,111 shares of company stock valued at $593,054 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BGS. Barclays decreased their target price on B&G Foods from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. TD Cowen reduced their price target on B&G Foods from $8.00 to $7.50 and set a “sell” rating for the company in a research report on Wednesday, November 6th. StockNews.com upgraded B&G Foods from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Finally, Evercore ISI decreased their price objective on B&G Foods from $10.00 to $9.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.30.

About B&G Foods

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products.