BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 164,711 shares of the company’s stock after selling 4,281 shares during the period. Motley Fool Wealth Management LLC’s holdings in BellRing Brands were worth $12,330,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BRBR. UMB Bank n.a. raised its holdings in BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after acquiring an additional 234 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands in the 4th quarter valued at about $52,000. Truvestments Capital LLC bought a new position in shares of BellRing Brands during the third quarter worth about $44,000. EverSource Wealth Advisors LLC grew its stake in BellRing Brands by 180.7% in the fourth 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 increased its holdings in BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on BRBR shares. TD Cowen lifted their target price on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley began coverage on shares of BellRing Brands in a report on Monday. They issued an “overweight” rating and a $84.00 price objective for the company. Citigroup increased their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Mizuho lifted their price target 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, Stephens reiterated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $79.13.

BellRing Brands Price Performance

Shares of BRBR stock opened at $73.54 on Wednesday. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 34.53, 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 $73.51 and a 200 day simple moving average of $70.85.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

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

Insider Buying and Selling at BellRing Brands

In other news, Director Robert V. Vitale sold 44,249 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $77.37, for a total value of $3,423,545.13. Following the completion of the sale, the director now directly owns 938,457 shares of the company’s stock, valued at approximately $72,608,418.09. This represents a 4.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 218,636 shares of company stock valued at $16,677,550. Company insiders own 1.07% of the company’s stock.

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.