BellRing Brands, Inc. (NYSE:BRBR) Holdings Decreased by Sarasin & Partners LLP

Sarasin & Partners LLP lowered its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 16.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the company's stock after selling 10,000 shares during the quarter. Sarasin & Partners LLP's holdings in BellRing Brands were worth $3,723,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BRBR. Vanguard Group Inc. boosted its position in BellRing Brands by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company's stock valued at $1,012,419,000 after buying an additional 135,105 shares during the last quarter. Franklin Resources Inc. increased its stake in BellRing Brands by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company's stock worth $344,885,000 after purchasing an additional 96,991 shares in the last quarter. Invesco Ltd. raised its holdings in shares of BellRing Brands by 35.7% during the fourth quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock worth $321,429,000 after acquiring an additional 1,121,691 shares during the period. Wellington Management Group LLP boosted its position in shares of BellRing Brands by 32.6% during the fourth quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company's stock worth $275,413,000 after buying an additional 898,885 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of BellRing Brands by 32.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,321,022 shares of the company's stock worth $174,866,000 after acquiring an additional 564,342 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BRBR. UBS Group decreased their price target on BellRing Brands from $81.00 to $71.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Mizuho dropped their price target on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. Truist Financial dropped their price target on BellRing Brands from $75.00 to $65.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Citigroup decreased their price target on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, 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 report on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $77.00.

BellRing Brands Stock Performance

BRBR traded down $0.31 on Friday, hitting $59.80. The company had a trading volume of 487,746 shares, compared to its average volume of 1,376,923. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 2.24 and a beta of 0.74. The stock has a fifty day moving average price of $67.92 and a 200-day moving average price of $72.20. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The firm had revenue of $588.00 million during the quarter, compared to analyst estimates of $577.56 million. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. BellRing Brands's revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. Analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $60.58, for a total value of $96,928.00. Following the sale, the chief executive officer now directly owns 206,778 shares in the company, valued at $12,526,611.24. This trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction dated Tuesday, April 1st. The shares were 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 owns 57,836 shares in the company, valued at approximately $4,345,218.68. The trade was a 5.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,392 shares of company stock worth $437,399 in the last quarter. Corporate insiders own 1.07% of the company's stock.

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.