Ronna Sue Cohen buys $2,729,688 stake in B&G Foods (BGS)

B&G Foods (BGS) : Ronna Sue Cohen scooped up 453 additional shares in B&G Foods during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 57,637 shares of B&G Foods which is valued at $2,729,688.B&G Foods makes up approximately 1.99% of Ronna Sue Cohen’s portfolio.

Other Hedge Funds, Including , Naples Global Advisors boosted its stake in BGS in the latest quarter, The investment management firm added 1,350 additional shares and now holds a total of 15,640 shares of B&G Foods which is valued at $740,710. B&G Foods makes up approx 0.30% of Naples Global Advisors’s portfolio.Grassi Investment Management reduced its stake in BGS by selling 1,690 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 74,350 shares of BGS which is valued at $3,521,216. B&G Foods makes up approx 0.65% of Grassi Investment Management’s portfolio.Fisher Asset Management reduced its stake in BGS by selling 14,310 shares or 15.19% in the most recent quarter. The Hedge Fund company now holds 79,901 shares of BGS which is valued at $3,784,111. B&G Foods makes up approx 0.01% of Fisher Asset Management’s portfolio.Ct Mason reduced its stake in BGS by selling 220 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 130,075 shares of BGS which is valued at $6,303,435. B&G Foods makes up approx 2.63% of Ct Mason’s portfolio. Next Financial Group Inc sold out all of its stake in BGS during the most recent quarter. The investment firm sold 242 shares of BGS which is valued $11,727.

B&G Foods opened for trading at $47.44 and hit $47.9 on the upside on Monday, eventually ending the session at $47.43, with a gain of 0.13% or 0.06 points. The heightened volatility saw the trading volume jump to 2,09,355 shares. Company has a market cap of $2,971 M.

On the company’s financial health, B&G Foods reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.51. The company had revenue of $353.00 million for the quarter, compared to analysts expectations of $357.94 million. The company’s revenue was up 62.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on B&G Foods. Company shares were Downgraded by DA Davidson on May 13, 2016 to ” Neutral”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .B&G Foods was Downgraded by Buckingham Research to ” Neutral” on May 10, 2016. Company shares were Upgraded by DA Davidson on Apr 29, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .

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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