Raymond James Financial Services Advisors Inc. Has $565,000 Holdings in B&G Foods, Inc. (BGS)

Raymond James Financial Services Advisors Inc. raised its stake in B&G Foods, Inc. (NYSE:BGS) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,734 shares of the company’s stock after buying an additional 3,218 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in B&G Foods were worth $565,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Acrospire Investment Management LLC grew its holdings in B&G Foods by 934.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,877 shares of the company’s stock valued at $102,000 after buying an additional 2,599 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in shares of B&G Foods by 61.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,062 shares of the company’s stock valued at $109,000 after purchasing an additional 1,162 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of B&G Foods by 19.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,958 shares of the company’s stock valued at $141,000 after purchasing an additional 648 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of B&G Foods by 4.4% in the 2nd quarter. Bank of Montreal Can now owns 5,000 shares of the company’s stock valued at $178,000 after purchasing an additional 211 shares during the last quarter. Finally, Shelton Capital Management acquired a new position in shares of B&G Foods in the 2nd quarter valued at $235,000. Institutional investors own 94.13% of the company’s stock.

B&G Foods, Inc. (NYSE:BGS) traded down $2.85 on Wednesday, reaching $36.15. The company had a trading volume of 2,160,400 shares, compared to its average volume of 849,631. B&G Foods, Inc. has a 1 year low of $29.50 and a 1 year high of $47.75. The company has a current ratio of 3.24, a quick ratio of 1.06 and a debt-to-equity ratio of 2.34. The firm has a market cap of $2,593.36, a price-to-earnings ratio of 21.31 and a beta of 0.18.

B&G Foods (NYSE:BGS) last posted its earnings results on Tuesday, October 31st. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.08. B&G Foods had a return on equity of 15.50% and a net margin of 6.29%. The firm had revenue of $408.40 million for the quarter, compared to analyst estimates of $391.31 million. During the same quarter in the prior year, the company earned $0.56 EPS. B&G Foods’s revenue was up 28.3% on a year-over-year basis. research analysts anticipate that B&G Foods, Inc. will post 2.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be paid a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 5.15%. The ex-dividend date is Thursday, December 28th. B&G Foods’s payout ratio is 123.18%.

Several equities analysts have recently commented on the company. Zacks Investment Research raised B&G Foods from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, October 17th. Barclays decreased their price target on B&G Foods from $46.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 8th. Buckingham Research raised B&G Foods from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Wednesday, August 23rd. Stephens raised B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 price target on the stock in a research note on Wednesday, November 1st. Finally, Berenberg Bank raised B&G Foods from a “hold” rating to a “buy” rating and decreased their price target for the company from $43.50 to $40.00 in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. B&G Foods presently has a consensus rating of “Buy” and an average price target of $40.22.

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About B&G Foods

B&G Foods, Inc (B&G Foods) is a holding company. The Company manufactures, sells and distributes a portfolio of shelf-stable and frozen foods across the United States, 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, wine vinegar, maple syrup, 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, nut clusters and other specialty products.

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

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