B&G Foods Inc.’s recently made public that its EVP & PRES OF SPICES & FLAVOR Greenberg Jordan E unloaded Company’s shares for reported $0.17 million on Jun 14. In the deal valued at $13.45 per share,13,000 shares were sold. As a result of this transaction, Greenberg Jordan E now holds 56,999 shares worth roughly $ 0.69 million.
Then, Wacha Bruce C sold 12,500 shares, generating $185,125 in total proceeds. Upon selling the shares at $14.81, the EVP OF FINANCE & CFO now owns 46,491 shares.
Before that, Wenner David L bought 20,000 shares. B&G Foods Inc. shares valued at $280,294 were divested by the Director at a price of $14.01 per share. As a result of the transaction, Wenner David L now holds 760,392 shares, worth roughly $9.25 million.
Consumer Edge Research downgraded its B&G Foods Inc. [BGS] rating to an Underweight from a an Equal weight in a research note published on Tuesday. PT values the company’s stock at a premium of -35.11 to its Tuesday closing price.
Price Performance Review of BGS
On Tuesday, B&G Foods Inc. [NYSE:BGS] saw its stock fall -2.25% to $12.16. On the same session, the stock had its day’s lowest price of $12.10, but rose to a high of $12.49. Over the last five days, the stock has lost -3.87%. B&G Foods Inc. shares have risen nearly 9.06% since the year began. Nevertheless, the stocks have fallen -40.61% over the past one year. While a 52-week high of $20.96 was reached on 05/01/23, a 52-week low of $10.91 was recorded on 01/04/23. SMA at 50 days reached $13.21, while 200 days put it at $13.67. A total of 0.94 million shares were traded, compared to the trading of 1.15 million shares in the previous session.
Levels Of Support And Resistance For BGS Stock
The 24-hour chart illustrates a support level at 12.01, which if violated will result in even more drops to 11.86. On the upside, there is a resistance level at 12.40. A further resistance level may holdings at 12.64. The Relative Strength Index (RSI) on the 14-day chart is 40.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.52%. Stochastics %K at 29.71% indicates the stock is a holding.
How much short interest is there in B&G Foods Inc.?
A steep rise in short interest was recorded in B&G Foods Inc. stocks on Aug 14, 2023, dropping by 80000.0 shares to a total of 9.48 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.56 million shares. There was a decline of -0.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 19.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 10.05.
B&G Foods Inc. [BGS] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 10,754,955 shares, or roughly 14.89% of the outstanding BGS shares. In other words, the investor’s shares have fallen by -127,884 from its previous 13-F filing of 10882839.0. Additionally, The Vanguard Group, Inc. decreased -2.69% of its stake after which the total value it holdings stand at $115,581,068, while SSgA Funds Management, Inc. reduced -3.09% of its stake to hold $36.87 million in the firm. Over the last quarter, Charles Schwab Investment Managem purchased 91,500 shares of B&G Foods Inc., while Geode Capital Management LLC bought 51,947 shares. At present, Global X Management Co. LLC is holding 1,115,147 shares valued at $14.79 million. Dimensional Fund Advisors LP owned 832,855 shares of the company at the time of its most recent 13F filing, worth $11.04 million.
According to FactSet, B&G Foods Inc.’s share price will average $14.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.56 percent from its previous closing price of $12.44. Analysts expect B&G Foods Inc. stock to reach the higher price of $16.00, while the lowest price estimate is $13.00. However, 6 analysts have rated BGS stock as a Hold in their predictions for 2023.