BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Man Group plc

Man Group plc decreased its holdings in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 52.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 460,347 shares of the company's stock after selling 508,193 shares during the quarter. Man Group plc owned approximately 0.36% of BellRing Brands worth $34,683,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. UMB Bank n.a. lifted 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 valued at $43,000 after acquiring an additional 234 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of BellRing Brands in the fourth quarter valued at about $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the fourth quarter worth approximately $52,000. Aster Capital Management DIFC Ltd raised 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 valued at $55,000 after buying an additional 643 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of 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. Institutional investors own 94.97% of the company's stock.

Insider Buying and Selling 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 shares were sold at an average price of $75.13, for a total value of $239,814.96. Following the transaction, the insider now owns 57,836 shares of the company's stock, valued at approximately $4,345,218.68. This trade represents a 5.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert V. Vitale sold 15,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of the sale, the director now owns 818,180 shares of the company's stock, valued at approximately $59,776,230.80. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,958 shares of company stock valued at $4,830,070 in the last quarter. Corporate insiders own 1.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. DA Davidson set a $85.00 target price on BellRing Brands in a research note on Thursday, May 15th. Morgan Stanley began coverage on BellRing Brands in a research note on Monday, March 24th. They issued an "overweight" rating and a $84.00 price objective on the stock. Evercore ISI dropped their price target on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Mizuho lifted their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, Citigroup dropped their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $77.63.

BellRing Brands Stock Down 2.6%

Shares of NYSE:BRBR traded down $1.71 during trading on Wednesday, hitting $63.62. The stock had a trading volume of 619,635 shares, compared to its average volume of 1,303,319. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The stock has a 50-day simple moving average of $71.55 and a two-hundred day simple moving average of $73.48. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly 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 business had revenue of $588.00 million during the quarter, compared to analyst estimates of $577.56 million. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The business's revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, sell-side analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands declared that its Board of Directors has approved 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 repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.