Universal Beteiligungs und Servicegesellschaft mbH Invests $12.88 Million in BellRing Brands, Inc. (NYSE:BRBR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 170,940 shares of the company's stock, valued at approximately $12,879,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of BellRing Brands as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in shares of BellRing Brands by 11.8% during the fourth quarter. Truist Financial Corp now owns 672,139 shares of the company's stock worth $50,639,000 after acquiring an additional 70,878 shares during the period. Ieq Capital LLC bought a new stake in shares of BellRing Brands during the fourth quarter worth approximately $10,673,000. LMR Partners LLP bought a new stake in shares of BellRing Brands during the fourth quarter worth approximately $17,328,000. Raymond James Financial Inc. bought a new stake in shares of BellRing Brands during the fourth quarter worth approximately $18,356,000. Finally, Savant Capital LLC bought a new stake in shares of BellRing Brands during the fourth quarter worth approximately $2,207,000. Institutional investors own 94.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Truist Financial reduced their price objective on BellRing Brands from $75.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Morgan Stanley initiated coverage on shares of BellRing Brands in a research report on Monday, March 24th. They issued an "overweight" rating and a $84.00 price target for the company. 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. Stephens reiterated an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, February 4th. Finally, UBS Group dropped their price target on shares of BellRing Brands from $81.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, BellRing Brands has a consensus rating of "Moderate Buy" and an average price target of $77.00.

BellRing Brands Price Performance

BRBR traded up $0.27 during trading on Tuesday, hitting $63.26. 1,832,345 shares of the stock traded hands, compared to its average volume of 1,351,645. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.24 and a beta of 0.86. The business has a 50 day moving average price of $69.69 and a 200 day moving average price of $72.89.

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

BellRing Brands declared that its Board of Directors has initiated a stock repurchase 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 usually a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at BellRing Brands

In other news, insider Douglas J. Cornille sold 3,192 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the completion of the transaction, the insider now directly owns 57,836 shares in the company, valued at approximately $4,345,218.68. This represents a 5.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $62.91, for a total transaction of $100,656.00. Following the transaction, the chief executive officer now owns 208,378 shares of the company's stock, valued at $13,109,059.98. This trade represents a 0.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.07% of the company's stock.

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.