State of New Jersey Common Pension Fund D Cuts Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

State of New Jersey Common Pension Fund D trimmed its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,778 shares of the company’s stock after selling 2,221 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in BellRing Brands were worth $3,524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 234 shares during the period. Farther Finance Advisors LLC boosted its position in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of BellRing Brands in the fourth quarter worth $52,000. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the third quarter worth $44,000. Finally, Fifth Third Bancorp raised its stake in shares of 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 acquiring an additional 153 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $77.38 on Thursday. The firm’s fifty day simple moving average is $75.79 and its 200-day simple moving average is $68.16. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 2.32 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted 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 net margin of 13.32% and a negative return on equity of 130.14%. Analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on BRBR. DA Davidson reissued a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Mizuho upped their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. TD Cowen lifted their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI boosted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Barclays raised their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.87.

Insider Buying and Selling at BellRing Brands

In other news, Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the completion of the sale, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 156,870 shares of company stock worth $12,087,294. 1.07% of the stock is currently owned by insiders.

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.