BellRing Brands, Inc. (NYSE:BRBR) Stock Position Decreased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC reduced its stake in BellRing Brands, Inc. (NYSE:BRBR) by 23.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,740 shares of the company’s stock after selling 1,492 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in BellRing Brands were worth $280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. boosted its holdings in shares of BellRing Brands by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after buying an additional 276 shares during the period. Spire Wealth Management raised its stake in BellRing Brands by 40.0% during the 4th quarter. Spire Wealth Management now owns 1,050 shares of the company’s stock valued at $56,000 after purchasing an additional 300 shares during the last quarter. Parallel Advisors LLC raised its stake in BellRing Brands by 153.6% during the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after purchasing an additional 361 shares during the last quarter. Rise Advisors LLC acquired a new position in BellRing Brands during the 1st quarter valued at $32,000. Finally, State of Michigan Retirement System raised its stake in BellRing Brands by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 32,145 shares of the company’s stock valued at $1,898,000 after purchasing an additional 600 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Up 2.2 %

Shares of NYSE:BRBR traded up $1.10 during mid-day trading on Monday, reaching $50.97. The stock had a trading volume of 1,664,565 shares, compared to its average volume of 1,361,979. The firm has a market cap of $6.65 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.46 and a beta of 0.84. The firm has a 50 day simple moving average of $56.23 and a two-hundred day simple moving average of $56.89. BellRing Brands, Inc. has a twelve month low of $35.46 and a twelve month high of $62.76.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $494.60 million for the quarter, compared to the consensus estimate of $467.22 million. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. BellRing Brands’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. On average, equities analysts anticipate that BellRing Brands, Inc. will post 1.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total transaction of $902,250.00. Following the sale, the chairman now directly owns 215,054 shares in the company, valued at approximately $12,935,498.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BRBR. Mizuho upped their target price on shares of BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upped their target price on shares of BellRing Brands from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Evercore ISI increased their price objective on shares of BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Barclays increased their price objective on shares of BellRing Brands from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.29.

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.