Prospector Partners Cut By $359,040 Its Johnson & Johnson (JNJ) Position; B&G Foods, Inc. (BGS) Covered By 6 Bulls

December 7, 2017 - By Peter Erickson

Prospector Partners Llc decreased Johnson & Johnson (JNJ) stake by 3.92% reported in 2017Q2 SEC filing. Prospector Partners Llc sold 2,720 shares as Johnson & Johnson (JNJ)’s stock rose 6.85%. The Prospector Partners Llc holds 66,596 shares with $8.81 million value, down from 69,316 last quarter. Johnson & Johnson now has $378.96 billion valuation. The stock increased 1.00% or $1.39 during the last trading session, reaching $141.06. About 5.59 million shares traded or 4.28% up from the average. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since December 7, 2016 and is uptrending. It has underperformed by 4.16% the S&P500.

Among 12 analysts covering B&G Foods (NYSE:BGS), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. B&G Foods had 37 analyst reports since July 27, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of BGS in report on Friday, September 29 with “Buy” rating. The firm has “Buy” rating by Stephens given on Wednesday, November 1. The firm has “Buy” rating by Buckingham Research given on Wednesday, August 23. Buckingham Research initiated B&G Foods, Inc. (NYSE:BGS) rating on Monday, October 19. Buckingham Research has “Neutral” rating and $39 target. Piper Jaffray maintained the shares of BGS in report on Thursday, September 3 with “Neutral” rating. The stock has “Sell” rating by Zacks on Thursday, August 27. The rating was maintained by RBC Capital Markets with “Buy” on Friday, April 21. The firm has “Outperform” rating by RBC Capital Markets given on Friday, September 23. The firm earned “Buy” rating on Thursday, November 16 by Berenberg. The firm has “Neutral” rating by DA Davidson given on Friday, May 13. See B&G Foods, Inc. (NYSE:BGS) latest ratings:

16/11/2017 Broker: Berenberg Old Rating: Hold New Rating: Buy Old Target: $43.5 New Target: $40 Upgrade
01/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $48.0 Maintain
01/11/2017 Broker: Stephens Rating: Buy New Target: $39.0 Upgrade
04/10/2017 Broker: BMO Capital Markets Rating: Buy New Target: $39.0 Maintain
29/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $48.0 Maintain
23/08/2017 Broker: Buckingham Research Old Rating: Neutral New Rating: Buy Old Target: $36 Upgrade
08/08/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $46 New Target: $37 Maintain
07/08/2017 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Outperform New Target: $39 Upgrade
04/08/2017 Broker: BMO Capital Markets Rating: Hold New Target: $39.0000 Maintain
04/08/2017 Broker: Buckingham Research Rating: Neutral Old Target: $43 New Target: $36 Maintain

B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable, and frozen food and household products in the United States, Canada, and Puerto Rico. The company has market cap of $2.32 billion. The Company’s products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato products, puffed corn and rice snacks, nut clusters, and other specialty products. It has a 22.9 P/E ratio. The firm markets its products under various brands, including AcÂ’cent, B&G, B&M, BakerÂ’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, CaryÂ’s, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, EmerilÂ’s, GrandmaÂ’s Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonaldÂ’s, Mama MaryÂ’s, Maple Grove Farms of Vermont, Molly McButter, Mrs.

The stock decreased 3.46% or $1.25 during the last trading session, reaching $34.9. About 2.15M shares traded or 89.49% up from the average. B&G Foods, Inc. (NYSE:BGS) has declined 7.13% since December 7, 2016 and is downtrending. It has underperformed by 23.83% the S&P500.

Investors sentiment decreased to 0.83 in Q2 2017. Its down 0.03, from 0.86 in 2017Q1. It is negative, as 50 investors sold JNJ shares while 878 reduced holdings. 105 funds opened positions while 667 raised stakes. 1.73 billion shares or 0.03% less from 1.73 billion shares in 2017Q1 were reported. First Mercantile Tru Co accumulated 15,113 shares or 0.36% of the stock. Barr E S has invested 3.97% in Johnson & Johnson (NYSE:JNJ). Harvest Capital Mngmt Inc holds 1.55% or 29,141 shares in its portfolio. Snow Capital Mgmt Limited Partnership holds 0.02% or 3,215 shares. Northwest Investment Counselors Ltd Co holds 2.08% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 34,755 shares. Utd Bank holds 1.02% or 18,299 shares. Cranbrook Wealth Management Llc reported 1,827 shares. Ipg Inv Advsrs Ltd Llc holds 0% in Johnson & Johnson (NYSE:JNJ) or 1,800 shares. Hoertkorn Richard Charles reported 1.05% in Johnson & Johnson (NYSE:JNJ). Lenox Wealth Mngmt reported 0.08% stake. Amica Retiree Medical Trust reported 1.79% of its portfolio in Johnson & Johnson (NYSE:JNJ). Ntv Asset Management Limited Liability Corporation stated it has 33,024 shares. Amica Pension Fund Board Of Trustees invested in 1.75% or 106,964 shares. Gemmer Asset Mgmt Lc holds 0.57% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 10,246 shares. Moon Capital Mgmt Ltd Liability Corp has invested 0% of its portfolio in Johnson & Johnson (NYSE:JNJ).

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 13 have Buy rating, 5 Sell and 5 Hold. Therefore 57% are positive. Johnson & Johnson had 83 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, December 1 by Barclays Capital. Stifel Nicolaus maintained the shares of JNJ in report on Wednesday, October 18 with “Hold” rating. On Wednesday, October 18 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by UBS with “Buy” on Wednesday, July 19. The rating was maintained by Jefferies with “Hold” on Tuesday, September 13. BMO Capital Markets maintained it with “Buy” rating and $152.0 target in Tuesday, October 17 report. As per Tuesday, November 29, the company rating was downgraded by Barclays Capital. Vetr downgraded the stock to “Strong-Buy” rating in Monday, August 31 report. The firm earned “Buy” rating on Wednesday, April 20 by Argus Research. The rating was maintained by RBC Capital Markets with “Buy” on Monday, July 10.

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By1 Peter Erickson




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