BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 25.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 901,423 shares of the company’s stock after selling 302,065 shares during the period. Principal Financial Group Inc. owned about 0.70% of BellRing Brands worth $54,734,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Chartwell Investment Partners LLC boosted its stake in shares of BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after acquiring an additional 181 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in BellRing Brands by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after purchasing an additional 242 shares during the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of BellRing Brands by 1.8% during the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after buying an additional 263 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after purchasing an additional 374 shares during the period. Finally, Quarry LP raised its holdings in BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after buying an additional 378 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Performance

BRBR opened at $76.10 on Monday. The stock’s fifty day moving average is $72.21 and its 200-day moving average is $61.97. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $79.90. The company has a market capitalization of $9.80 billion, a PE ratio of 40.70, a P/E/G ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on BRBR. Deutsche Bank Aktiengesellschaft raised their price objective on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus upped their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Bank of America increased their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group lifted their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Evercore ISI boosted their price objective on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.60.

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.