BellRing Brands, Inc. (NYSE:BRBR) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP boosted its stake in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 1,734.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 268,247 shares of the company's stock after purchasing an additional 253,622 shares during the period. Marshall Wace LLP owned about 0.21% of BellRing Brands worth $20,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of BellRing Brands by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company's stock valued at $1,012,419,000 after acquiring an additional 135,105 shares during the last quarter. Franklin Resources Inc. increased its holdings 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 during the period. Invesco Ltd. lifted its stake in BellRing Brands by 35.7% in 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 raised its stake in BellRing Brands by 32.6% in 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of BellRing Brands by 12.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,746,351 shares of the company's stock worth $131,570,000 after purchasing an additional 198,093 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the transaction, the director now owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas J. Cornille sold 3,192 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 57,836 shares of the company's stock, valued at approximately $4,345,218.68. This represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 221,828 shares of company stock worth $16,917,365. 1.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on BRBR. Mizuho lifted their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Barclays lifted their target price on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. UBS Group initiated coverage on shares of BellRing Brands in a research note on Wednesday. They set a "neutral" rating and a $81.00 price target on the stock. Citigroup raised their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, TD Cowen increased their price objective on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $79.25.

BellRing Brands Stock Down 0.6 %

NYSE:BRBR traded down $0.47 during trading hours on Friday, reaching $74.34. The company had a trading volume of 240,943 shares, compared to its average volume of 1,302,433. The business's 50-day simple moving average is $72.34 and its two-hundred day simple moving average is $72.91. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 34.90, a P/E/G ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. As a group, equities 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 permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership 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.