Axiom Investors LLC DE Grows Stake in BellRing Brands, Inc. (NYSE:BRBR)

Axiom Investors LLC DE lifted its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 4,670.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 434,113 shares of the company’s stock after buying an additional 425,013 shares during the quarter. Axiom Investors LLC DE owned approximately 0.34% of BellRing Brands worth $32,706,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of BellRing Brands in the 4th quarter worth $52,000. EverSource Wealth Advisors LLC lifted its stake in shares of BellRing Brands by 180.7% during 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 during the last quarter. Fifth Third Bancorp boosted its position in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after purchasing an additional 153 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in BellRing Brands by 160.5% in the fourth quarter. Blue Trust Inc. now owns 1,050 shares of the company’s stock valued at $79,000 after purchasing an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now directly owns 1,166,691 shares of the company’s stock, valued at $87,851,832.30. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 218,636 shares of company stock worth $16,677,550 in the last 90 days. Corporate insiders own 1.07% of the company’s stock.

BellRing Brands Stock Up 0.2 %

Shares of BRBR stock opened at $74.16 on Monday. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The stock has a market cap of $9.51 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85. The business has a 50-day simple moving average of $73.58 and a 200-day simple moving average of $71.19.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (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%. Sell-side analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

BRBR has been the topic of a number of recent analyst reports. TD Cowen raised their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Stephens restated an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, February 4th. Mizuho upped their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Morgan Stanley started coverage on BellRing Brands in a research report on Monday, March 24th. They issued an “overweight” rating and a $84.00 price objective for the company. Finally, Citigroup upped their target price on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.13.

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.