Victory Capital Management Inc. Sells 14,641 Shares of B&G Foods, Inc. (NYSE:BGS)

Victory Capital Management Inc. decreased its position in B&G Foods, Inc. (NYSE:BGS) by 25.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 43,014 shares of the company’s stock after selling 14,641 shares during the quarter. Victory Capital Management Inc.’s holdings in B&G Foods were worth $296,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BGS. Intech Investment Management LLC grew its stake in shares of B&G Foods by 87.8% in the 3rd quarter. Intech Investment Management LLC now owns 47,056 shares of the company’s stock valued at $418,000 after buying an additional 22,003 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in B&G Foods during the third quarter worth approximately $1,201,000. Quantbot Technologies LP boosted its position in B&G Foods by 140.3% during the third quarter. Quantbot Technologies LP now owns 75,441 shares of the company’s stock worth $670,000 after purchasing an additional 44,041 shares during the period. FMR LLC boosted its position in B&G Foods by 67.5% during the third quarter. FMR LLC now owns 161,345 shares of the company’s stock worth $1,433,000 after purchasing an additional 65,011 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in B&G Foods by 2.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,926 shares of the company’s stock worth $1,731,000 after purchasing an additional 3,879 shares during the period. Institutional investors own 66.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their target price 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 equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, B&G Foods has an average rating of “Hold” and an average target price of $8.10.

B&G Foods Stock Up 2.7 %

Shares of B&G Foods stock opened at $7.09 on Friday. B&G Foods, Inc. has a 12-month low of $5.45 and a 12-month high of $11.79. The stock has a market capitalization of $560.69 million, a P/E ratio of -20.84 and a beta of 0.47. The stock has a 50 day moving average price of $6.64 and a two-hundred day moving average price of $7.35. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 2.40.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. The company had revenue of $551.57 million during the quarter, compared to analyst estimates of $547.95 million. Equities analysts expect that B&G Foods, Inc. will post 0.7 earnings per share for the current year.

B&G Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.73%. B&G Foods’s dividend payout ratio (DPR) is presently -23.90%.

B&G Foods Company 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.