Nichols Asset Management adds B&G Foods (BGS) to its portfolio

B&G Foods (BGS) : Nichols Asset Management added new position in B&G Foods during the most recent quarter end. The investment management firm now holds 218,635 shares of B&G Foods which is valued at $7,138,433 , the company said in a statement filed on Apr 21, 2016 with the SEC.B&G Foods makes up approximately 1.54% of Nichols Asset Management’s portfolio.

B&G Foods opened for trading at $33.21 and hit $33.84 on the upside on Wednesday, eventually ending the session at $33.61, with a gain of 1.14% or 0.38 points. The heightened volatility saw the trading volume jump to 5,90,910 shares. Company has a market cap of $1,951 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in BGS during the most recent quarter. The investment firm sold 3,200 shares of BGS which is valued $104,480. Butensky Cohen Financial Security Inc sold out all of its stake in BGS during the most recent quarter. The investment firm sold 1,000 shares of BGS which is valued $32,650.Gemmer Asset Management reduced its stake in BGS by selling 315 shares or 85.14% in the most recent quarter. The Hedge Fund company now holds 55 shares of BGS which is valued at $1,788. Acadian Asset Management sold out all of its stake in BGS during the most recent quarter. The investment firm sold 55 shares of BGS which is valued $1,788. Investors Asset Management Of Georgia Inc Ga Adv added BGS to its portfolio by purchasing 9,950 company shares during the most recent quarter which is valued at $323,475. B&G Foods makes up approx 0.27% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.

On the company’s financial health, B&G Foods reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.47. The company had revenue of $342.30 million for the quarter, compared to analysts expectations of $334.92 million. The company’s revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

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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