BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its stake in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,207 shares of the company's stock after selling 12,055 shares during the period. Bridgewater Associates LP's holdings in BellRing Brands were worth $1,748,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. UMB Bank n.a. increased its position in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after purchasing an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in BellRing Brands during the fourth quarter worth $52,000. Aster Capital Management DIFC Ltd raised its position in BellRing Brands by 747.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock worth $55,000 after acquiring an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in BellRing Brands by 180.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock valued at $69,000 after acquiring an additional 591 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company's stock valued at $75,000 after acquiring an additional 153 shares during the period. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Stephens reissued an "equal weight" rating and set a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. Citigroup raised their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Mizuho upped their target price on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Barclays lifted their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $79.13.

BellRing Brands Stock Up 3.2 %

Shares of BRBR stock traded up $2.37 on Tuesday, reaching $75.33. 1,144,538 shares of the stock were exchanged, compared to its average volume of 1,207,726. The firm has a 50 day moving average of $72.47 and a two-hundred day moving average of $72.80. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The stock has a market cap of $9.66 billion, a P/E ratio of 35.36, a price-to-earnings-growth ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. On average, equities research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its board has authorized a share repurchase program on Thursday, March 6th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to buy up to 3.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the company's 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 $85,370,407.64. This represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the completion of the transaction, the insider now owns 57,836 shares in the company, valued at approximately $4,345,218.68. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 221,828 shares of company stock valued at $16,917,365. Company insiders own 1.07% of the company's stock.

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.