Natixis Advisors LLC Grows Position in BellRing Brands, Inc. (NYSE:BRBR)

Natixis Advisors LLC increased its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 18.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,466 shares of the company's stock after purchasing an additional 18,991 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of BellRing Brands worth $9,076,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Poinciana Advisors Group LLC purchased a new stake in shares of BellRing Brands during the fourth quarter worth $272,000. Picton Mahoney Asset Management boosted its position in BellRing Brands by 4.5% during the fourth quarter. Picton Mahoney Asset Management now owns 142,704 shares of the company's stock worth $10,752,000 after acquiring an additional 6,139 shares during the last quarter. Associated Banc Corp purchased a new stake in BellRing Brands during the 4th quarter valued at about $214,000. EverSource Wealth Advisors LLC raised its holdings in BellRing Brands by 180.7% in the 4th 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 last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in BellRing Brands in the 4th quarter worth approximately $328,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BRBR has been the subject of several recent research reports. Citigroup increased their price target on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Morgan Stanley started coverage on BellRing Brands in a research note on Monday. They issued an "overweight" rating and a $84.00 target price for the company. TD Cowen lifted their price target on BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Mizuho upped their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Barclays raised their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $79.13.

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Insider Activity

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the firm'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 value of $2,188,320.23. Following the completion of the transaction, the director now owns 1,110,004 shares of the company's stock, valued at $85,370,407.64. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 218,636 shares of company stock valued at $16,677,550. 1.07% of the stock is currently owned by company insiders.

BellRing Brands Stock Down 0.0 %

NYSE:BRBR traded down $0.01 during trading hours on Tuesday, reaching $73.54. 974,430 shares of the stock were exchanged, compared to its average volume of 1,128,601. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The business has a 50-day moving average of $73.49 and a two-hundred day moving average of $70.73. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $0.58 EPS 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, research analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

About BellRing Brands

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.