Asset Management One Co. Ltd. Reduces Position in BellRing Brands, Inc. (NYSE:BRBR)

Asset Management One Co. Ltd. decreased its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 4.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,413 shares of the company’s stock after selling 343 shares during the quarter. Asset Management One Co. Ltd.’s holdings in BellRing Brands were worth $564,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BRBR. Farther Finance Advisors LLC grew its holdings in shares of BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after buying an additional 474 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the third quarter worth $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands during the fourth quarter worth $52,000. Finally, Fifth Third Bancorp grew its holdings in shares of BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BRBR shares. Evercore ISI upped their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Truist Financial upped their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Stephens reissued an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Finally, Barclays upped their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.87.

Insider Transactions at BellRing Brands

In other news, Director Robert V. Vitale sold 28,453 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the sale, the director now owns 1,110,004 shares of the company’s stock, valued at approximately $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 156,870 shares of company stock valued at $12,087,294. 1.07% of the stock is currently owned by corporate insiders.

BellRing Brands Price Performance

NYSE BRBR opened at $74.01 on Friday. The firm’s 50-day moving average is $75.72 and its two-hundred day moving average is $68.20. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The stock has a market capitalization of $9.49 billion, a P/E ratio of 34.74, a PEG ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands Company Profile

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.