B&G Foods, Inc. (NYSE:BGS) Position Increased by GYL Financial Synergies LLC

GYL Financial Synergies LLC grew its position in B&G Foods, Inc. (NYSE:BGS) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,814 shares of the company’s stock after buying an additional 847 shares during the quarter. GYL Financial Synergies LLC’s holdings in B&G Foods were worth $230,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BGS. Metropolitan Life Insurance Co NY grew its position in B&G Foods by 3.8% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 21,442 shares of the company’s stock worth $405,000 after purchasing an additional 784 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of B&G Foods by 6.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 13,170 shares of the company’s stock worth $236,000 after purchasing an additional 800 shares during the period. Advisory Services Network LLC grew its position in B&G Foods by 107.7% during the fourth quarter. Advisory Services Network LLC now owns 1,755 shares of the company’s stock valued at $32,000 after purchasing an additional 910 shares in the last quarter. Coastal Investment Advisors Inc. grew its position in B&G Foods by 333.3% during the third quarter. Coastal Investment Advisors Inc. now owns 1,300 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Hanson & Doremus Investment Management increased its stake in B&G Foods by 6.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 18,608 shares of the company’s stock valued at $334,000 after buying an additional 1,055 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on BGS. Jefferies Financial Group began coverage on shares of B&G Foods in a research report on Wednesday, January 22nd. They issued a “hold” rating and a $15.00 target price for the company. Buckingham Research set a $17.00 price target on shares of B&G Foods and gave the company a “hold” rating in a report on Friday, November 1st. ValuEngine raised shares of B&G Foods from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Barclays reiterated a “hold” rating and set a $16.00 price objective on shares of B&G Foods in a report on Sunday, November 3rd. Finally, Piper Jaffray Companies set a $17.00 price objective on B&G Foods and gave the company a “hold” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.50.

Shares of BGS opened at $14.02 on Thursday. The firm has a market cap of $892.79 million, a PE ratio of 5.15 and a beta of 0.50. The firm’s 50 day moving average price is $16.27 and its 200 day moving average price is $17.32. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.65 and a current ratio of 3.47. B&G Foods, Inc. has a twelve month low of $13.80 and a twelve month high of $27.20.

About B&G Foods

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, oatmeal and hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, 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, cookies and crackers, nut clusters, and other specialty products.

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Institutional Ownership by Quarter for B&G Foods (NYSE:BGS)

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