Mediolanum International Funds Ltd Has $7.95 Million Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Mediolanum International Funds Ltd lowered its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 42.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 105,411 shares of the company's stock after selling 77,283 shares during the period. Mediolanum International Funds Ltd owned 0.08% of BellRing Brands worth $7,954,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Wasatch Advisors LP increased its stake in shares of BellRing Brands by 8.0% in the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company's stock valued at $406,903,000 after purchasing an additional 494,669 shares during the period. Franklin Resources Inc. increased its holdings in shares of BellRing Brands by 9.3% during the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company's stock valued at $285,646,000 after purchasing an additional 380,216 shares during the period. State Street Corp raised its stake in shares of BellRing Brands by 1.3% during the third quarter. State Street Corp now owns 3,886,709 shares of the company's stock valued at $236,001,000 after purchasing an additional 50,339 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of BellRing Brands by 11.4% during the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company's stock valued at $167,388,000 after purchasing an additional 281,667 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in BellRing Brands by 21.5% in the third quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company's stock worth $157,202,000 after purchasing an additional 457,796 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

BRBR has been the subject of several recent analyst reports. Barclays increased their price objective on shares of BellRing Brands from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Evercore ISI raised their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Truist Financial boosted their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. Mizuho lifted their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Finally, DA Davidson reiterated a "neutral" rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $77.13.

BellRing Brands Trading Down 4.0 %

NYSE BRBR traded down $3.14 during trading on Tuesday, hitting $75.12. 2,591,251 shares of the company traded hands, compared to its average volume of 1,177,418. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The business has a fifty day simple moving average of $76.03 and a 200 day simple moving average of $66.06. The company has a market capitalization of $9.67 billion, a P/E ratio of 40.18, a PEG ratio of 2.61 and a beta of 0.86.

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 103.89% and a net margin of 12.35%. Equities research analysts predict that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

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.