Motco acquired a new stake in B&G Foods, Inc. (NYSE:BGS) during the fourth quarter, Holdings Channel.com reports. The firm acquired 1,498 shares of the company’s stock, valued at approximately $27,000.
Other large investors have also made changes to their positions in the company. Coastal Investment Advisors Inc. increased its stake in shares of B&G Foods by 333.3% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 1,300 shares of the company’s stock valued at $25,000 after acquiring an additional 1,000 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of B&G Foods by 107.7% during the 4th quarter. Advisory Services Network LLC now owns 1,755 shares of the company’s stock valued at $32,000 after acquiring an additional 910 shares during the period. TRUE Private Wealth Advisors acquired a new position in shares of B&G Foods during the 4th quarter valued at $42,000. Smith Asset Management Group LP bought a new position in B&G Foods during the fourth quarter worth $86,000. Finally, CWM LLC boosted its stake in B&G Foods by 7,497.8% during the fourth quarter. CWM LLC now owns 6,838 shares of the company’s stock worth $123,000 after acquiring an additional 6,748 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.
Shares of BGS opened at $13.62 on Friday. The business’s fifty day moving average is $16.09 and its 200 day moving average is $17.27. B&G Foods, Inc. has a 12-month low of $13.51 and a 12-month high of $27.20. The company has a quick ratio of 1.65, a current ratio of 3.47 and a debt-to-equity ratio of 2.57. The stock has a market cap of $872.23 million, a P/E ratio of 5.01 and a beta of 0.50.
B&G Foods Company Profile
B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, oatmeal and hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, cookies and crackers, nut clusters, and other specialty products.
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