BellRing Brands, Inc. (NYSE:BRBR) Stock Holdings Lessened by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,223 shares of the company’s stock after selling 1,181 shares during the period. Orion Portfolio Solutions LLC’s holdings in BellRing Brands were worth $1,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BRBR. Vanguard Group Inc. grew its holdings in shares of BellRing Brands by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company’s stock valued at $1,012,419,000 after purchasing an additional 135,105 shares during the last quarter. Franklin Resources Inc. boosted its position in BellRing Brands by 9.3% during the 3rd 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 grew its stake in BellRing Brands by 1.3% during the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock worth $236,001,000 after buying an additional 50,339 shares during the last quarter. Wellington Management Group LLP increased its position in BellRing Brands by 11.4% in the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock worth $167,388,000 after buying an additional 281,667 shares during the period. Finally, Norges Bank bought a new stake in BellRing Brands in the fourth quarter valued at $114,185,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Activity

In related news, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the completion of the sale, the insider now directly owns 57,836 shares of the company’s stock, valued at approximately $4,345,218.68. This represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $75.30, for a total value of $384,030.00. Following the sale, the director now owns 1,166,691 shares of the company’s stock, valued at $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,828 shares of company stock valued at $16,917,365 over the last three months. Insiders own 1.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on BRBR shares. Morgan Stanley started coverage on shares of BellRing Brands in a report on Monday, March 24th. They issued an “overweight” rating and a $84.00 price objective on the stock. Barclays lifted their price target on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Stephens reissued an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. TD Cowen lifted their target price on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Citigroup increased their price target on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. 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, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus target price of $79.13.

BellRing Brands Stock Performance

Shares of NYSE:BRBR opened at $69.83 on Friday. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 2.24 and a beta of 0.78. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The company has a 50 day moving average price of $73.44 and a 200 day moving average price of $71.55.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data 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, sell-side analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its board has approved a stock repurchase program on Thursday, March 6th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

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.