Louisiana State Employees Retirement System Continues to Hold Stake in B&G Foods, Inc. (NYSE:BGS)

Louisiana State Employees Retirement System maintained its stake in shares of B&G Foods, Inc. (NYSE:BGS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,100 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in B&G Foods were worth $965,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BGS. Sit Investment Associates Inc. increased its stake in shares of B&G Foods by 70.9% in the first quarter. Sit Investment Associates Inc. now owns 420,575 shares of the company’s stock worth $16,928,000 after buying an additional 174,525 shares during the period. Fisher Asset Management LLC increased its stake in shares of B&G Foods by 43.9% in the first quarter. Fisher Asset Management LLC now owns 49,092 shares of the company’s stock worth $1,976,000 after buying an additional 14,977 shares during the period. Naples Global Advisors LLC increased its stake in shares of B&G Foods by 15.5% in the first quarter. Naples Global Advisors LLC now owns 19,790 shares of the company’s stock worth $797,000 after buying an additional 2,650 shares during the period. State of Alaska Department of Revenue increased its stake in shares of B&G Foods by 3.7% in the first quarter. State of Alaska Department of Revenue now owns 13,030 shares of the company’s stock worth $523,000 after buying an additional 470 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of B&G Foods by 12.0% in the first quarter. Nisa Investment Advisors LLC now owns 90,300 shares of the company’s stock worth $3,635,000 after buying an additional 9,700 shares during the period. Institutional investors own 88.67% of the company’s stock.

B&G Foods, Inc. (NYSE BGS) traded down 0.64% during midday trading on Wednesday, reaching $31.25. 900,067 shares of the company’s stock were exchanged. B&G Foods, Inc. has a 52 week low of $31.00 and a 52 week high of $51.34. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 18.68 and a beta of 0.09. The firm has a 50-day moving average price of $35.66 and a 200 day moving average price of $40.39.

B&G Foods (NYSE:BGS) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.06. The firm had revenue of $368.10 million for the quarter, compared to analyst estimates of $376.45 million. B&G Foods had a return on equity of 15.43% and a net margin of 6.64%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Analysts anticipate that B&G Foods, Inc. will post $2.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.465 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.86 annualized dividend and a dividend yield of 5.95%. B&G Foods’s dividend payout ratio is presently 122.37%.

WARNING: This report was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/08/10/bg-foods-inc-nysebgs-position-maintained-by-louisiana-state-employees-retirement-system-updated.html.

Several analysts have issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $52.00 target price on shares of B&G Foods in a research note on Thursday, April 20th. Zacks Investment Research raised shares of B&G Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Berenberg Bank assumed coverage on shares of B&G Foods in a research note on Tuesday, May 16th. They set a “hold” rating and a $43.50 target price on the stock. BMO Capital Markets reissued a “hold” rating and set a $45.00 target price on shares of B&G Foods in a research note on Monday, May 15th. Finally, Credit Suisse Group downgraded shares of B&G Foods from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $47.00 to $42.00 in a research note on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. B&G Foods has an average rating of “Hold” and an average price target of $42.17.

B&G Foods Company Profile

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)

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

Latest News

Leave a Reply