Motley Fool Wealth Management LLC Reduces Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Motley Fool Wealth Management LLC cut its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,711 shares of the company's stock after selling 4,281 shares during the period. Motley Fool Wealth Management LLC owned about 0.13% of BellRing Brands worth $12,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRBR. UMB Bank n.a. raised its stake in shares of BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock valued at $43,000 after buying an additional 234 shares during the last quarter. Truvestments Capital LLC purchased a new position in BellRing Brands during the third quarter valued at approximately $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in BellRing Brands in the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 591 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in 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 purchasing an additional 153 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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BellRing Brands Stock Up 0.2 %

NYSE BRBR traded up $0.18 during trading on Friday, hitting $74.16. The stock had a trading volume of 759,190 shares, compared to its average volume of 1,179,409. The company has a market capitalization of $9.51 billion, a PE ratio of 34.82, a PEG ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The firm has a 50 day moving average price of $73.58 and a 200 day moving average price of $71.10.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate 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, sell-side 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 permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to buy up to 3.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the completion of the transaction, the director now owns 1,110,004 shares in the company, valued at $85,370,407.64. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 218,636 shares of company stock valued at $16,677,550 in the last quarter. 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.