Key Points
- Director Dennis Mullen sold 18,795 B&G Foods shares at an average price of $4.50 on Nov. 26 (proceeds ~$84,577.50), cutting his holding by 18.29% to 83,956 shares; the sale was disclosed in an SEC filing.
- Dividend announced: B&G declared a $0.19 quarterly dividend (annualized $0.76) with an ex‑dividend/record date of Dec. 31 and payment on Jan. 26, implying a 16.3% yield.
- Mixed financial picture: Q1 EPS of $0.15 beat estimates but the company reported a negative net margin and revenue decline; B&G set FY2025 guidance of $0.50–$0.58 EPS while analysts forecast ~ $0.70 and the consensus rating is "Reduce" (average target $4.67).
B&G Foods, Inc. (NYSE:BGS - Get Free Report) Director Dennis Mullen sold 18,795 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $4.50, for a total transaction of $84,577.50. Following the completion of the transaction, the director directly owned 83,956 shares of the company's stock, valued at $377,802. This trade represents a 18.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
B&G Foods Trading Up 1.2%
Shares of B&G Foods stock opened at $4.67 on Tuesday. The firm's 50 day moving average is $4.41 and its 200 day moving average is $4.37. The firm has a market capitalization of $373.09 million, a PE ratio of -1.65 and a beta of 0.43. B&G Foods, Inc. has a 1 year low of $3.67 and a 1 year high of $8.10. The company has a current ratio of 2.93, a quick ratio of 0.89 and a debt-to-equity ratio of 3.96.
B&G Foods (NYSE:BGS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.47 million. B&G Foods had a negative net margin of 12.02% and a positive return on equity of 7.16%. The firm's revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. B&G Foods has set its FY 2025 guidance at 0.500-0.580 EPS. Equities research analysts forecast that B&G Foods, Inc. will post 0.7 earnings per share for the current fiscal year.
B&G Foods Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 16.3%. The ex-dividend date of this dividend is Wednesday, December 31st. B&G Foods's dividend payout ratio is presently -24.05%.
Hedge Funds Weigh In On B&G Foods
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jupiter Asset Management Ltd. raised its holdings in B&G Foods by 131.6% during the 1st quarter. Jupiter Asset Management Ltd. now owns 166,199 shares of the company's stock worth $1,142,000 after purchasing an additional 94,424 shares during the last quarter. Nuveen LLC acquired a new stake in shares of B&G Foods during the first quarter worth $1,750,000. Goldman Sachs Group Inc. raised its stake in B&G Foods by 28.2% during the first quarter. Goldman Sachs Group Inc. now owns 706,117 shares of the company's stock worth $4,851,000 after buying an additional 155,503 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in B&G Foods by 31.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,340,836 shares of the company's stock valued at $9,211,000 after buying an additional 321,414 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in B&G Foods during the first quarter valued at $402,000. 66.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on BGS. Royal Bank Of Canada cut their price target on B&G Foods from $6.00 to $5.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 5th. Weiss Ratings reiterated a "sell (d)" rating on shares of B&G Foods in a research report on Monday, November 24th. Finally, Zacks Research upgraded shares of B&G Foods from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, B&G Foods presently has a consensus rating of "Reduce" and an average target price of $4.67.
Check Out Our Latest Stock Analysis on BGS
B&G Foods Company Profile
(
Get Free Report)
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. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.
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