Amundi Sells 47,888 Shares of BellRing Brands Inc. $BRBR

Key Points

• Amundi has significantly reduced its holdings in BellRing Brands Inc. (NYSE:BRBR) by 68.1% during the first quarter, selling 47,888 shares, which now brings their total ownership to 22,396 shares worth approximately $1.65 million.
• Several institutional investors have increased their stakes in BellRing Brands, including Focus Partners Advisor Solutions, which raised its holdings by 75.1%, now owning 5,712 shares valued at $425,000.
• Despite the recent selloff by Amundi, analysts have varied opinions on BellRing Brands, with Jefferies raising their price target to $82.00 and Truist lowering theirs to $40.00, reflecting the stock's Moderate Buy consensus rating with an average price target of $64.80.

Amundi reduced its holdings in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 68.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,396 shares of the company's stock after selling 47,888 shares during the quarter. Amundi's holdings in BellRing Brands were worth $1,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Xponance Inc. raised its position in BellRing Brands by 0.9% in the 1st quarter. Xponance Inc. now owns 15,221 shares of the company's stock worth $1,133,000 after purchasing an additional 142 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its position in shares of BellRing Brands by 2.5% during the 1st quarter. Argonautica Private Wealth Management Inc. now owns 6,416 shares of the company's stock valued at $478,000 after acquiring an additional 157 shares during the last quarter. Stephens Inc. AR raised its position in shares of BellRing Brands by 5.0% during the 1st quarter. Stephens Inc. AR now owns 3,705 shares of the company's stock valued at $276,000 after acquiring an additional 175 shares during the last quarter. TCTC Holdings LLC raised its position in shares of BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company's stock valued at $30,000 after acquiring an additional 190 shares during the last quarter. Finally, Applied Finance Capital Management LLC increased its position in shares of BellRing Brands by 8.0% in the 1st quarter. Applied Finance Capital Management LLC now owns 3,290 shares of the company's stock valued at $245,000 after buying an additional 244 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on BRBR shares. Mizuho lowered their price objective on shares of BellRing Brands from $75.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, August 18th. Evercore ISI reduced their target price on shares of BellRing Brands from $82.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Jefferies Financial Group upped their target price on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley reduced their target price on shares of BellRing Brands from $78.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, August 6th. Finally, Barclays reduced their target price on shares of BellRing Brands from $75.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.80.

BellRing Brands Trading Up 0.1%

Shares of BellRing Brands stock traded up $0.04 during trading hours on Thursday, reaching $36.67. 2,102,313 shares of the company's stock were exchanged, compared to its average volume of 3,376,827. The company has a 50 day moving average of $44.72 and a two-hundred day moving average of $59.20. BellRing Brands Inc. has a fifty-two week low of $34.02 and a fifty-two week high of $80.67. The stock has a market cap of $4.62 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.79 and a beta of 0.74.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.06. The company had revenue of $547.50 million for the quarter, compared to analysts' expectations of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. BellRing Brands's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. BellRing Brands has set its FY 2025 guidance at EPS. As a group, analysts expect 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 initiated a share repurchase plan on Tuesday, September 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at BellRing Brands

In other BellRing Brands news, Director Shawn Conway bought 2,700 shares of the stock in a transaction dated Wednesday, August 6th. The shares were bought at an average cost of $36.41 per share, with a total value of $98,307.00. Following the completion of the acquisition, the director owned 6,685 shares of the company's stock, valued at $243,400.85. This trade represents a 67.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Darcy Horn Davenport sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $54.18, for a total transaction of $86,688.00. Following the transaction, the chief executive officer directly owned 193,978 shares in the company, valued at $10,509,728.04. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 6,616 shares of company stock valued at $65,995,248 and have sold 11,200 shares valued at $638,640. Insiders own 1.07% of the company's stock.

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.