Intech Investment Management LLC Grows Stake in BellRing Brands, Inc. (NYSE:BRBR)

Intech Investment Management LLC lifted its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 193.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,972 shares of the company's stock after acquiring an additional 123,218 shares during the period. Intech Investment Management LLC owned 0.15% of BellRing Brands worth $14,086,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BRBR. UMB Bank n.a. raised its position in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after acquiring an additional 234 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of BellRing Brands in the 3rd quarter worth approximately $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands in the 4th quarter worth approximately $52,000. EverSource Wealth Advisors LLC grew its stake in shares of BellRing Brands by 180.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after buying an additional 591 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company's stock worth $75,000 after buying an additional 153 shares during the last quarter. Institutional investors own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. TD Cowen increased their target price on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Stephens reaffirmed an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. Mizuho raised 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. Citigroup raised their target price on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, Barclays raised their target price on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.79.

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Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the completion of the transaction, the director now owns 818,180 shares in the company, valued at $59,776,230.80. The trade was a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 218,636 shares of company stock worth $16,677,550. Corporate insiders own 1.07% of the company's stock.

BellRing Brands Stock Up 0.4 %

NYSE:BRBR traded up $0.26 on Friday, reaching $70.66. 1,132,516 shares of the company's stock traded hands, compared to its average volume of 1,126,742. The stock has a 50-day simple moving average of $73.45 and a 200-day simple moving average of $70.41. The firm has a market cap of $9.06 billion, a PE ratio of 33.17, a P/E/G ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating 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 analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands declared that its Board of Directors has approved a share repurchase program on Thursday, March 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

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.