Barclays PLC Purchases 29,802 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Barclays PLC boosted its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 23.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 159,170 shares of the company's stock after acquiring an additional 29,802 shares during the period. Barclays PLC owned 0.12% of BellRing Brands worth $11,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in 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 acquiring an additional 135,105 shares during the last quarter. Franklin Resources Inc. raised its stake in BellRing Brands by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company's stock worth $344,885,000 after buying an additional 96,991 shares in the last quarter. Invesco Ltd. lifted its stake in shares of BellRing Brands by 35.7% in the 4th quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock valued at $321,429,000 after purchasing an additional 1,121,691 shares during the period. Wellington Management Group LLP boosted its holdings in shares of BellRing Brands by 32.6% during the 4th quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company's stock valued at $275,413,000 after buying an additional 898,885 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of BellRing Brands by 12.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,746,351 shares of the company's stock valued at $131,570,000 after purchasing an additional 198,093 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup upped their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Mizuho increased their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Stephens restated an "equal weight" rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 4th. Barclays upped their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Finally, UBS Group assumed coverage on BellRing Brands in a report on Wednesday. They set a "neutral" rating and a $81.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $79.25.

Insider Buying and Selling

In related news, insider Douglas J. Cornille sold 3,192 shares of BellRing Brands stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the sale, the insider now directly owns 57,836 shares of the company's stock, valued at $4,345,218.68. This trade represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert V. Vitale sold 28,453 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the completion of the sale, the director now owns 1,110,004 shares in the company, valued at $85,370,407.64. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,828 shares of company stock worth $16,917,365. Corporate insiders own 1.07% of the company's stock.

BellRing Brands Price Performance

Shares of NYSE:BRBR traded up $0.37 during trading on Friday, reaching $75.17. 873,203 shares of the company's stock traded hands, compared to its average volume of 1,212,498. The company has a 50 day moving average of $72.29 and a 200-day moving average of $73.00. 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 $9.64 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its Board of Directors has authorized a share 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 repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.