Kernodle Katon Asset Management Group buys $607,521 stake in B&G Foods (BGS)

B&G Foods (BGS) : Kernodle Katon Asset Management Group scooped up 10,927 additional shares in B&G Foods during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 13,966 shares of B&G Foods which is valued at $607,521.B&G Foods makes up approximately 0.58% of Kernodle Katon Asset Management Group’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp sold out all of its stake in BGS during the most recent quarter. The investment firm sold 10,183 shares of BGS which is valued $442,961.Ls Investment Advisors reduced its stake in BGS by selling 29 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 2,170 shares of BGS which is valued at $94,395. B&G Foods makes up approx 0.01% of Ls Investment Advisors’s portfolio. Bridgewater Wealth Financial Management added BGS to its portfolio by purchasing 5,959 company shares during the most recent quarter which is valued at $259,217. B&G Foods makes up approx 0.10% of Bridgewater Wealth Financial Management’s portfolio.Cls Investments reduced its stake in BGS by selling 1,962 shares or 22.36% in the most recent quarter. The Hedge Fund company now holds 6,812 shares of BGS which is valued at $296,322. B&G Foods makes up approx 0.01% of Cls Investments’s portfolio.

B&G Foods opened for trading at $43.6 and hit $43.84 on the upside on Monday, eventually ending the session at $43.56, with a gain of 0.14% or 0.06 points. The heightened volatility saw the trading volume jump to 5,84,778 shares. Company has a market cap of $2,729 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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