BellRing Brands, Inc. (NYSE:BRBR) Shares Bought by Marshall Wace LLP

Marshall Wace LLP lifted its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 1,734.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 268,247 shares of the company's stock after buying an additional 253,622 shares during the period. Marshall Wace LLP owned about 0.21% of BellRing Brands worth $20,210,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in BellRing Brands by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company's stock worth $1,012,419,000 after acquiring an additional 135,105 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of BellRing Brands by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company's stock worth $344,885,000 after purchasing an additional 96,991 shares during the last quarter. Invesco Ltd. raised its stake in shares of BellRing Brands by 35.7% in the fourth quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock worth $321,429,000 after purchasing an additional 1,121,691 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of BellRing Brands by 32.6% during the fourth quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company's stock valued at $275,413,000 after purchasing an additional 898,885 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of BellRing Brands by 12.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,746,351 shares of the company's stock valued at $131,570,000 after buying an additional 198,093 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Trading Up 3.2 %

Shares of BRBR traded up $2.37 during trading hours on Tuesday, reaching $75.33. 1,144,538 shares of the stock traded hands, compared to its average volume of 1,208,577. The company's 50-day moving average price is $72.43 and its two-hundred day moving average price is $72.81. The company 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, 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 issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. On average, research analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands announced that its board has approved a share buyback plan on Thursday, March 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BRBR. Barclays boosted 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. Stephens restated an "equal weight" rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 4th. TD Cowen raised their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Mizuho lifted their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $79.13.

Insider Buying and Selling

In other news, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the sale, the insider now directly owns 57,836 shares in the company, valued at approximately $4,345,218.68. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert V. Vitale sold 15,000 shares of the firm'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 transaction, the director now directly owns 818,180 shares in the company, valued at approximately $59,776,230.80. This trade represents a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,828 shares of company stock worth $16,917,365. Corporate 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.