Markets

B&G Foods, Inc. (NYSE:BGS) Downgraded by BidaskClub

B&G Foods, Inc. (NYSE:BGS) Downgraded by BidaskClub

In Consumer Goods sector, shares of B&G Foods, Inc. The firm has "Sell" rating by Zacks given on Saturday, August 15. The stock of B&G Foods, Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of MI raised its stake in B&G Foods by 17.1% in the second quarter. Steinberg Global Asset Management now owns 127,956 shares of the company's stock worth $4,555,000 after buying an additional 1,944 shares during the last quarter.

As of the end of the quarter Sit Investment Associates Inc had disposed of a total of 48,800 shares trimming its stake by 11.6%. Thrivent Financial for Lutherans now owns 35,860 shares of the company's stock valued at $1,571,000 after buying an additional 2,190 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of B&G Foods by 4.2% in the first quarter. Elkfork Partners LLC now owns 3,696 shares of the company's stock valued at $149,000 after buying an additional 132 shares during the period. Foresters Investment Management Company Inc. raised its stake in shares of B&G Foods by 102.9% in the first quarter. LS Investment Advisors LLC now owns 3,925 shares of the company's stock worth $158,000 after buying an additional 1,378 shares during the period.

B&G Foods, Inc. has a 52-week low of $33.05 and a 52-week high of $51.80.

Shares of B&G Foods (BGS) opened at 36.95 on Wednesday. Jpmorgan Chase & Company acquired 21,573 shares as Flex Ltd (FLEX)'s stock rose 0.43%. This change led market cap to move at $2.48B, putting the price -29.50% below the 52-week high and 12.71% above the 52-week low.

B&G Foods, Inc. has a 50 day moving average of 37.04 and a 200 day moving average of 40.97.

Barings LLC Maintains Position in Gold Fields Limited (NYSE:GFI)
From the opening price, the stock has seen a change of -2.41% recently clocking in with a price of $3.64. (NASDAQ:ZNGA). WARNING: This piece of content was first posted by Community Financial News and is owned by of Community Financial News.

B&G Foods (NYSE:BGS) last announced its quarterly earnings results on Thursday, May 4th. During the same quarter a year ago, the business posted $0.65 earnings per share. The firm had revenue of $417.90 million for the quarter, compared to analysts' expectations of $413.35 million. B&G Foods had a return on equity of 17.41% and a net margin of 7.49%. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.50.

BGS's revenue has grown at an average annualized rate of about 20.7% during the past five years.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be issued a $0.465 dividend. (BGS) Ex-Dividend Date Scheduled for June 28, 2017" with publication date: "June 27, 2017. B&G Foods's payout ratio is 111.38%.

TRADEMARK VIOLATION WARNING: This news story was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and worldwide copyright laws. The original version of this news story can be viewed at https://weekherald.com/2017/07/25/bg-foods-inc-nysebgs-position-reduced-by-california-public-employees-retirement-system.html. Sure, the percentage is encouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 10.12%, annually. Royal Bank Of Canada restated a "buy" rating and issued a $52.00 price target on shares of B&G Foods in a research note on Thursday, April 20th. B&G Foods had 27 analyst reports since July 27, 2015 according to SRatingsIntel. Credit Suisse Group cut B&G Foods from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $47.00 to $42.00 in a research note on Thursday, May 18th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of "Hold" and a consensus price target of $45.50.

More recent B&G Foods, Inc. The Company manufactures, sells and distributes a portfolio of shelf-stable and frozen foods across the United States, Canada and Puerto Rico.


  • Aspen Insurance Holdings Limited (NYSE:AHL) Moves -5.36%

    The institutional investor owned 863,312 shares of the insurance provider's stock after selling 420,600 shares during the period. TLP Group LLC purchased a new stake in shares of Aspen Insurance Holdings Limited during the first quarter valued at $187,000.
    Alves Fires PSG Past Monaco In French Super Cup

    Alves Fires PSG Past Monaco In French Super Cup

    The former Barcelona veteran joined PSG this summer after a one-season stop at Juventus and showed he remains a match-winner at the age of 34.
    Priebus: Kelly should get to bottom of White House leaks

    Priebus: Kelly should get to bottom of White House leaks

    When Lizza wouldn't tell him, Scaramucci threatened to fire all of the White House staff. In a third tweet , Trump extended his gratitude to Priebus.
  • Detienen al contador de los K por desvío de fondos

    Detienen al contador de los K por desvío de fondos

    El acuerdo económico fue de 9.000 dólares más IVA por mes, que en nombre del Condominio recibiría Sancho desde junio en su cuenta particular.
    Trump ousts Reince Priebus as White House chief of staff

    Trump ousts Reince Priebus as White House chief of staff

    Chiefs of staff generally do not last long; the average tenure is less than two years. "General Kelly is a brilliant pick". The president eventually emerged, umbrella in hand, and delivered a brief statement on the runway as driving rain poured.
    Putin decries 'anti-Russian hysteria' in US

    Putin decries 'anti-Russian hysteria' in US

    He added that sanctions are not "an appropriate instrument to promote national export interests and the domestic energy industry". The embassy spokesperson declined to comment on the current number of USA diplomats and staff in Russian Federation .
  • Pakistan's Supreme Court sacks PM Sharif

    Pakistan's Supreme Court sacks PM Sharif

    It was unclear who will be appointed to take over the post till the next general elections, scheduled for 2018. The army denies any involvement. "In an effort dislodge us, the democratic system has been made a target".
    Titans sign Jurrell Casey to four-year, $60.4M extension

    Titans sign Jurrell Casey to four-year, $60.4M extension

    Drafted out of USC with the 77th overall pick in 2011 Casey has been a consistent force on the Titans interior defensive line. Casey, who has two years remaining on his current contract, recorded 51 tackles and five sacks during the 2016 season.
    Timberwolves SG Andrew Wiggins believes he deserves max contract

    Timberwolves SG Andrew Wiggins believes he deserves max contract

    It's also news because it's been more than a decade since the Minnesota Timberwolves were a hot topic, nationally or locally. Wiggins nearly became part of the Cleveland team that's dominated the Eastern Conference for the last three years.
  • Man, 28, Dies After Being Pulled From Lake At Oak Street Beach

    Man, 28, Dies After Being Pulled From Lake At Oak Street Beach

    CBS 2's Lauren Victory reports that authorities were called to Oak Street Beach around 3:45 a.m. They said they had a hard time rescuing him.
    Doctor in labor delivers patient's baby

    Doctor in labor delivers patient's baby

    A pregnant doctor who was about to give birth put her own labor on hold to deliver another woman's baby. Hess says she often gets to experience the joy over and over again. "We really appreciate her".
    Lions stun 'Canes, will host final

    Lions stun 'Canes, will host final

    Lions lost the 2016 final to Hurricanes in Wellington, their 10th defeat by the New Zealand outfit in 11 meetings, including a 50-17 drubbing at Ellis Park last season.