Nomura Holdings Inc. Acquires New Stake in BellRing Brands, Inc. (NYSE:BRBR)

Nomura Holdings Inc. acquired a new position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,149 shares of the company's stock, valued at approximately $1,292,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. increased 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 buying an additional 234 shares during the period. Colonial Trust Co SC acquired a new stake in BellRing Brands during the 4th quarter valued at approximately $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the 4th quarter valued at approximately $52,000. Aster Capital Management DIFC Ltd lifted its position in shares of BellRing Brands by 747.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock worth $55,000 after purchasing an additional 643 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in BellRing Brands by 180.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after buying an additional 591 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BellRing Brands

In other news, insider Douglas J. Cornille sold 3,192 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert V. Vitale sold 15,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $73.06, for a total value of $1,095,900.00. Following the sale, the director now directly owns 818,180 shares in the company, valued at $59,776,230.80. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.07% of the company's stock.

BellRing Brands Trading Down 2.4%

Shares of BRBR stock traded down $1.48 during trading on Thursday, hitting $60.66. The company's stock had a trading volume of 1,294,709 shares, compared to its average volume of 1,312,031. The business has a fifty day moving average of $71.45 and a 200-day moving average of $73.40. The company has a market cap of $7.70 billion, a PE ratio of 28.54, a P/E/G ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. The firm had revenue of $588.00 million during the quarter, compared to the consensus estimate of $577.56 million. During the same period in the prior year, the firm earned $0.45 EPS. The company's revenue was up 18.9% compared to the same quarter last year. As a group, research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands announced that its board 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 reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently commented on BRBR. DA Davidson set a $85.00 target price on BellRing Brands in a research report on Thursday, May 15th. Mizuho raised their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Stephens reiterated an "equal weight" rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Citigroup cut their target price on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Barclays set a $75.00 price target on shares of BellRing Brands and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $77.63.

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.