The share price of B&G Foods Inc. (NYSE:BGS) fell to $12.94 per share on Thursday from $13.28. While B&G Foods Inc. has underperformed by -2.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BGS fell by -39.40%, with highs and lows ranging from $25.45 to $10.91, whereas the simple moving average fell by -15.64% in the last 200 days.
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Analysis of B&G Foods Inc. (BGS)
A return on investment can be expected regardless of BGS’s performance over the next quarter with the dividend set at $0.76 per share. Further, the quarter-over-quarter decrease in sales is -3.90%, showing a negative trend in the upcoming months.
To gain a thorough understanding of B&G Foods Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -3.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and BGS is recording an average volume of 1.00M. On a monthly basis, the volatility of the stock is set at 3.87%, whereas on a weekly basis, it is put at 3.77%, with a loss of -2.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.17, showing growth from the present price of $12.94, which can serve as yet another indication of whether BGS is worth investing in or should be passed over.
How Do You Analyze B&G Foods Inc. Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in BGS shares?
The recent increase in stakes in BGS appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in BGS has decreased by -2.85% in the first quarter. The company now owns 10,882,839 shares of the stock, with a value of $174.56 million, following the sale of -318,874 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in BGS during the first quarter, upping its stake by 1.09%. During the last quarter, the company picked up 96,897 additional shares for a total stake of worth $143.67 million, bringing number of shares owned by the company to 8,957,080.
During the first quarter, SSgA Funds Management, Inc. added a 96,810 position in BGS. Geode Capital Management LLC purchased an additional 42781.0 shares in the last quarter, increasing its holdings by 3.23%, now holding 1.37 million shares worth $21.95 million. At the end of the first quarter, Charles Schwab Investment Managem increased its BGS holdings by 15.89% and now holds 1.34 million BGS shares valued at $21.42 million with the added 0.18 million shares during the period. BGS shares are owned by institutional investors to the tune of 67.30% at present.