BellRing Brands Inc. $BRBR Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in BellRing Brands Inc. (NYSE:BRBR) by 30,827.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 335,564 shares of the company’s stock after buying an additional 334,479 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in BellRing Brands were worth $8,970,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its position in BellRing Brands by 20.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 253,403 shares of the company’s stock worth $18,868,000 after purchasing an additional 42,666 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of BellRing Brands in the 1st quarter valued at about $278,000. EverSource Wealth Advisors LLC increased its holdings in shares of BellRing Brands by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock valued at $92,000 after purchasing an additional 755 shares in the last quarter. California Public Employees Retirement System increased its position in shares of BellRing Brands by 4.2% in the second quarter. California Public Employees Retirement System now owns 226,101 shares of the company’s stock valued at $13,098,000 after buying an additional 9,179 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of BellRing Brands by 402.6% in the second quarter. The Manufacturers Life Insurance Company now owns 526,275 shares of the company’s stock valued at $30,487,000 after buying an additional 421,558 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BellRing Brands

In other news, Director David Isaiah Finkelstein purchased 4,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the acquisition, the director owned 13,326 shares of the company’s stock, valued at $122,998.98. The trade was a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

BellRing Brands Stock Up 1.0%

BRBR stock opened at $9.06 on Friday. BellRing Brands Inc. has a 52-week low of $8.53 and a 52-week high of $63.83. The company has a market capitalization of $1.05 billion, a PE ratio of 7.02, a P/E/G ratio of 4.40 and a beta of 0.74. The stock’s 50 day moving average is $14.66 and its two-hundred day moving average is $21.57.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The firm had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. During the same quarter last year, the firm posted $0.53 earnings per share. BellRing Brands’s revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that BellRing Brands Inc. will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BRBR. Mizuho dropped their price target on BellRing Brands from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Weiss Ratings cut BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. Stifel Nicolaus reduced their price objective on BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Barclays reduced their price target on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of “Hold” and an average price target of $22.47.

BellRing Brands Profile

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.