B&g Foods, Inc. (BGS) Files Form 4 Insider Selling : Scott E Lerner Sells 13,000 Shares

B&g Foods, Inc. (BGS): Scott E Lerner , EVP & General Counsel of B&g Foods, Inc. sold 13,000 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $42.79 per share for a total value of $556,227.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Alfred Poe (director) sold 4,920 shares at $43.55 per share price.On May 11, 2016, Thomas P Crimmins (CFO) purchased 3,500 shares at $43.61 per share price.Also, On Nov 18, 2015, Michael A Sands (EVP of Snacks) sold 10,000 shares at $35.67 per share price.On Aug 5, 2015, David L Wenner (director) sold 20,500 shares at $29.62 per share price.

B&G Foods: On Thursday, May 19, 2016 heightened volatility was witnessed in B&G Foods which led to swings in the share price. The shares opened for trading at $42.46 and hit $43.0799 on the upside , eventually ending the session at $42.8, with a gain of 0.42% or 0.18 points. The heightened volatility saw the trading volume jump to 5,06,618 shares. The 52-week high of the share price is $44.4328 and the company has a market cap of $2,681 M . The 52-week low of the share price is at $28.12.

B&G Foods Money Flow Index Chart

Company has been under the radar of several Street Analysts.B&G Foods is Downgraded by DA Davidson to Neutral and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $40 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 13, 2016.B&G Foods is Downgraded by Buckingham Research to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 10, 2016.B&G Foods is Upgraded by DA Davidson to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $36 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 29, 2016.B&G Foods is Upgraded by Buckingham Research to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 29, 2016.B&G Foods is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 46 from a previous price target of $43 .The Rating was issued on Apr 29, 2016.

B&G Foods Inc. (B&G Foods) is a holding company that manufactures sells and distributes a range of shelf-stable food and household products across the United States Canada and Puerto Rico. Its products include hot cereals fruit spreads canned meats and beans bagel chips spices seasonings hot sauces wine vinegar maple syrup molasses salad dressings Mexican-style sauces dry soups taco shells and kits salsas pickles peppers tomato-based products puffed corn and rice snacks nut clusters and other specialty products. The Company’s products are marketed under a range of brands including Ac’cent B&G B&M Baker’s Joy Bear Creek Country Kitchens Brer Rabbit Canoleo Cary’s Cream of Rice Cream of Wheat Devonsheer Don Pepino Emeril’s Grandma’s Molasses JJ Flats Joan of Arc Las Palmas MacDonald’s Maple Grove Farms of Vermont and Molly McButter among others.

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