Gilman Hill Asset Management LLC decreased its position in B&G Foods, Inc. (NYSE:BGS) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,190 shares of the company’s stock after selling 1,770 shares during the quarter. B&G Foods accounts for 2.0% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 15th biggest holding. Gilman Hill Asset Management LLC owned approximately 0.21% of B&G Foods worth $4,893,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its stake in B&G Foods by 61.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,062 shares of the company’s stock worth $109,000 after acquiring an additional 1,162 shares during the last quarter. Advantage Investment Management LLC increased its stake in B&G Foods by 212.0% in the 3rd quarter. Advantage Investment Management LLC now owns 3,763 shares of the company’s stock worth $120,000 after acquiring an additional 2,557 shares during the last quarter. Sei Investments Co. increased its stake in B&G Foods by 298.9% in the 3rd quarter. Sei Investments Co. now owns 4,033 shares of the company’s stock worth $128,000 after acquiring an additional 3,022 shares during the last quarter. Shelton Capital Management bought a new stake in B&G Foods in the 2nd quarter worth approximately $235,000. Finally, Doliver Capital Advisors LP bought a new stake in B&G Foods in the 3rd quarter worth approximately $212,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have issued reports on BGS. Zacks Investment Research downgraded B&G Foods from a “hold” rating to a “sell” rating in a research note on Monday, December 25th. Berenberg Bank raised B&G Foods from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $43.50 to $40.00 in a research note on Thursday, November 16th. Finally, Stephens raised B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective on the stock in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. B&G Foods has an average rating of “Buy” and a consensus target price of $40.22.
Shares of B&G Foods, Inc. (BGS) traded up $0.45 during trading on Wednesday, hitting $32.40. The stock had a trading volume of 292,378 shares, compared to its average volume of 957,061. The stock has a market cap of $2,174.43, a PE ratio of 21.42 and a beta of 0.02. The company has a current ratio of 3.24, a quick ratio of 1.06 and a debt-to-equity ratio of 2.34. B&G Foods, Inc. has a 12-month low of $29.50 and a 12-month high of $47.75.
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B&G Foods 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.
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