207,522 Shares in BellRing Brands, Inc. (NYSE:BRBR) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new stake in BellRing Brands, Inc. (NYSE:BRBR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 207,522 shares of the company’s stock, valued at approximately $15,635,000. BNP Paribas Financial Markets owned 0.16% of BellRing Brands as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands in the 4th quarter worth approximately $52,000. Aster Capital Management DIFC Ltd increased its position in BellRing Brands by 747.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company’s stock valued at $55,000 after acquiring an additional 643 shares during the period. EverSource Wealth Advisors LLC raised its stake in BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock valued at $69,000 after acquiring an additional 591 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after acquiring an additional 153 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

Insider Transactions at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the transaction, the insider now owns 57,836 shares in the company, valued at approximately $4,345,218.68. This represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert V. Vitale sold 79,068 shares of BellRing Brands stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $77.04, for a total transaction of $6,091,398.72. Following the completion of the sale, the director now owns 982,706 shares of the company’s stock, valued at $75,707,670.24. This trade represents a 7.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 221,828 shares of company stock valued at $16,917,365. 1.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BRBR has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of BellRing Brands from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley assumed coverage on BellRing Brands in a research report on Monday, March 24th. They set an “overweight” rating and a $84.00 price target on the stock. Evercore ISI cut their price objective on BellRing Brands from $90.00 to $82.00 and set an “outperform” rating for the company in a report on Wednesday. Mizuho lifted their target price on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Stephens reissued an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $77.00.

BellRing Brands Stock Down 1.1 %

Shares of BellRing Brands stock opened at $61.18 on Friday. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The stock has a market cap of $7.85 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The business has a fifty day simple moving average of $72.00 and a 200-day simple moving average of $73.52.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $577.56 million. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. Analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its board has authorized a stock buyback plan on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

About BellRing Brands

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.