BellRing Brands, Inc. (NYSE:BRBR) Stock Holdings Lowered by Boston Partners

Boston Partners cut its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 76.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,880 shares of the company's stock after selling 310,693 shares during the quarter. Boston Partners owned about 0.07% of BellRing Brands worth $7,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BRBR. Charles Schwab Investment Management Inc. grew its position in BellRing Brands by 35.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company's stock valued at $76,949,000 after acquiring an additional 333,287 shares during the period. Pallas Capital Advisors LLC grew its holdings in shares of BellRing Brands by 152.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company's stock worth $1,264,000 after purchasing an additional 10,117 shares during the period. Banco Santander S.A. acquired a new stake in BellRing Brands during the 3rd quarter worth approximately $672,000. State Street Corp raised its holdings in BellRing Brands by 1.3% in the third quarter. State Street Corp now owns 3,886,709 shares of the company's stock valued at $236,001,000 after buying an additional 50,339 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in BellRing Brands during the third quarter valued at approximately $439,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRBR has been the subject of several recent research reports. Citigroup increased their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Stephens reiterated an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. Morgan Stanley assumed coverage on BellRing Brands in a research note on Monday. They set an "overweight" rating and a $84.00 price objective on the stock. Barclays upped their target price on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Finally, TD Cowen raised their target price on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.13.

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Insider Activity at BellRing Brands

In other news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the transaction, the director now directly owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 218,636 shares of company stock valued at $16,677,550. Corporate insiders own 1.07% of the company's stock.

BellRing Brands Stock Up 0.6 %

Shares of BRBR traded up $0.41 during midday trading on Wednesday, hitting $73.94. The company had a trading volume of 774,402 shares, compared to its average volume of 1,127,239. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.24 and a beta of 0.85. The company's 50 day moving average price is $73.51 and its 200 day moving average price is $70.85. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. Equities analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its Board of Directors has approved a share buyback plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

BellRing Brands 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.