BellRing Brands Inc. (NYSE:BRBR) Shares Bought by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd increased its stake in BellRing Brands Inc. by 90.8%, owning approximately 201,121 shares valued at around $14.92 million by the end of the first quarter.
• Several institutional investors have also significantly increased their holdings, with AQR Capital Management boosting its stake by 284.2% in the fourth quarter and owning 2,278,508 shares valued at $171.66 million.
• BellRing Brands' stock has a current average rating of "Moderate Buy" from analysts, with a consensus target price set at approximately $76.06.

Mediolanum International Funds Ltd increased its holdings in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 90.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 201,121 shares of the company's stock after buying an additional 95,710 shares during the quarter. Mediolanum International Funds Ltd owned 0.16% of BellRing Brands worth $14,919,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BRBR. Versant Capital Management Inc grew its holdings in shares of BellRing Brands by 1,742.9% in the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company's stock valued at $29,000 after acquiring an additional 366 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of BellRing Brands by 175.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after acquiring an additional 283 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of BellRing Brands by 283.3% in the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock valued at $34,000 after acquiring an additional 340 shares in the last quarter. Colonial Trust Co SC bought a new position in BellRing Brands during the fourth quarter worth about $44,000. Finally, Larson Financial Group LLC grew its holdings in BellRing Brands by 2,660.0% during the first quarter. Larson Financial Group LLC now owns 690 shares of the company's stock worth $51,000 after purchasing an additional 665 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on BRBR. Evercore ISI reduced their price target on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. DA Davidson upgraded shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research report on Tuesday, May 27th. Barclays set a $75.00 price objective on shares of BellRing Brands and gave the company an "overweight" rating in a research report on Wednesday, May 7th. UBS Group lowered their price objective on shares of BellRing Brands from $71.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Finally, Mizuho lowered their price target on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.06.

BellRing Brands Price Performance

Shares of BRBR traded up $0.43 during trading hours on Wednesday, hitting $56.26. The stock had a trading volume of 460,326 shares, compared to its average volume of 1,827,274. The firm has a 50 day simple moving average of $59.11 and a 200-day simple moving average of $67.98. The firm has a market capitalization of $7.15 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 1.80 and a beta of 0.70. BellRing Brands Inc. has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The business had revenue of $588.00 million for the quarter, compared to analyst estimates of $577.56 million. During the same period last year, the company posted $0.45 earnings per share. BellRing Brands's quarterly revenue was up 18.9% compared to the same quarter last year. Equities analysts predict that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In related news, CEO Darcy Horn Davenport sold 1,600 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $54.43, for a total transaction of $87,088.00. Following the completion of the transaction, the chief executive officer directly owned 195,578 shares in the company, valued at $10,645,310.54. The trade was a 0.81% 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. Insiders sold 12,800 shares of company stock valued at $749,536 in the last three months. 1.07% of the stock is currently owned by insiders.

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.