PFG Investments LLC Takes Position in B&G Foods, Inc. $BGS

PFG Investments LLC purchased a new position in shares of B&G Foods, Inc. (NYSE:BGS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 279,964 shares of the company’s stock, valued at approximately $1,347,000. PFG Investments LLC owned about 0.35% of B&G Foods at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in B&G Foods by 502.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,443 shares of the company’s stock valued at $31,000 after buying an additional 6,207 shares during the last quarter. Triumph Capital Management acquired a new position in B&G Foods in the 3rd quarter valued at approximately $34,000. Allworth Financial LP increased its position in B&G Foods by 49.5% in the 3rd quarter. Allworth Financial LP now owns 7,891 shares of the company’s stock valued at $35,000 after acquiring an additional 2,612 shares during the period. Federated Hermes Inc. bought a new position in shares of B&G Foods during the second quarter valued at $35,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of B&G Foods during the third quarter valued at $45,000. Institutional investors and hedge funds own 66.15% of the company’s stock.

B&G Foods Stock Performance

NYSE:BGS opened at $4.08 on Monday. The company has a market capitalization of $331.58 million, a PE ratio of -4.26 and a beta of 0.48. The company has a 50 day simple moving average of $4.35 and a two-hundred day simple moving average of $4.69. The company has a debt-to-equity ratio of 4.96, a quick ratio of 1.42 and a current ratio of 2.99. B&G Foods, Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $6.38.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. B&G Foods had a negative net margin of 4.23% and a positive return on equity of 9.67%. The firm had revenue of $365.13 million for the quarter, compared to the consensus estimate of $398.81 million. During the same quarter in the previous year, the company earned $0.04 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. Research analysts anticipate that B&G Foods, Inc. will post 0.57 earnings per share for the current year.

B&G Foods Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Tuesday, June 30th. B&G Foods’s dividend payout ratio (DPR) is currently -39.58%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings cut shares of B&G Foods from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Barclays increased their price objective on B&G Foods from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $4.88.

B&G Foods Company Profile

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.