UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 834,514 shares of the company's stock after buying an additional 166,153 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.65% of BellRing Brands worth $62,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. raised its position in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after acquiring an additional 234 shares in the last quarter. Colonial Trust Co SC bought a new position in BellRing Brands in the fourth quarter worth about $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands during the fourth quarter valued at about $52,000. Aster Capital Management DIFC Ltd boosted its holdings 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 valued at $55,000 after buying an additional 643 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of BellRing Brands by 180.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock valued at $69,000 after buying an additional 591 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Trading Down 1.2%

Shares of BRBR stock traded down $0.70 during trading hours on Wednesday, hitting $60.31. The company's stock had a trading volume of 2,228,070 shares, compared to its average volume of 1,334,252. The stock has a market cap of $7.66 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The company has a 50 day moving average of $70.78 and a 200 day moving average of $73.23.

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

BellRing Brands declared that its board has authorized a share buyback program on Thursday, March 6th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BRBR shares. Citigroup decreased their target price 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. Evercore ISI decreased their price objective on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Barclays set a $75.00 target price on BellRing Brands and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Truist Financial lowered their price target on BellRing Brands from $75.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Finally, Stephens restated an "equal weight" rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.00.

Insider Buying and Selling at BellRing Brands

In other news, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 57,836 shares in the company, valued at $4,345,218.68. The trade was a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.07% of the stock is currently owned by corporate insiders.

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.