US Bancorp DE Has $6.04 Million Stock Holdings in BellRing Brands Inc. (NYSE:BRBR)

Key Points

• US Bancorp DE increased its stake in BellRing Brands by 26.6%, owning a total of 81,156 shares worth approximately $6 million following the purchase of 17,050 shares.
• The stock has seen significant interest from institutional investors, with 94.97% of shares currently owned by such entities, including AQR Capital Management which boosted its position by 284.2%.
• Analysts currently have a consensus rating of "Moderate Buy" for BellRing Brands, with an average price target around $76.06, despite recent price target reductions by some brokerages.

US Bancorp DE grew its holdings in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 26.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,156 shares of the company's stock after purchasing an additional 17,050 shares during the quarter. US Bancorp DE owned about 0.06% of BellRing Brands worth $6,043,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of BellRing Brands in the 1st quarter worth $280,000. GAMMA Investing LLC boosted its holdings in BellRing Brands by 12.2% during the first quarter. GAMMA Investing LLC now owns 2,316 shares of the company's stock worth $172,000 after buying an additional 252 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of BellRing Brands by 0.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company's stock worth $5,365,000 after buying an additional 438 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of BellRing Brands by 71.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company's stock valued at $661,000 after acquiring an additional 3,700 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of BellRing Brands by 31.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company's stock valued at $1,384,000 after acquiring an additional 4,461 shares during the period. Institutional investors own 94.97% of the company's stock.

Insider Transactions at BellRing Brands

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $54.18, for a total value 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. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 14,400 shares of company stock worth $836,224. Company insiders own 1.07% of the company's stock.

Analyst Ratings Changes

BRBR has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday. Morgan Stanley dropped their price objective on BellRing Brands from $78.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday. Mizuho lowered their price target on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Barclays set a $75.00 price objective on BellRing Brands and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, DA Davidson raised BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $69.06.

BellRing Brands Stock Up 8.1%

Shares of NYSE:BRBR traded up $2.93 during midday trading on Wednesday, hitting $39.11. The stock had a trading volume of 11,447,310 shares, compared to its average volume of 2,021,250. The company has a market cap of $4.97 billion, a P/E ratio of 22.35, a PEG ratio of 1.74 and a beta of 0.72. BellRing Brands Inc. has a 12 month low of $34.02 and a 12 month high of $80.67. The business's 50-day simple moving average is $58.03 and its 200-day simple moving average is $67.22.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06. BellRing Brands had a net margin of 10.26% and a negative return on equity of 139.86%. The company had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. During the same period in the previous year, the business earned $0.54 EPS. BellRing Brands's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts predict that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

BellRing Brands Company 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.