BellRing Brands, Inc. (NYSE:BRBR) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 36,080 shares of the company’s stock after purchasing an additional 600 shares during the period. Handelsbanken Fonder AB’s holdings in BellRing Brands were worth $2,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares in the last quarter. UMB Bank n.a. raised its stake in BellRing Brands by 69.4% during 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. Truvestments Capital LLC bought a new stake in BellRing Brands during the 3rd quarter valued at $44,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in BellRing Brands during the 4th quarter valued at $52,000. Finally, Fifth Third Bancorp raised its stake in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Insider Transactions at BellRing Brands

In other news, Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 203,636 shares of company stock valued at $15,581,650 over the last three months. Company insiders own 1.07% of the company’s stock.

BellRing Brands Stock Down 0.1 %

Shares of BellRing Brands stock opened at $72.89 on Tuesday. The stock’s fifty day moving average is $75.51 and its 200-day moving average is $68.70. The firm has a market capitalization of $9.35 billion, a PE ratio of 34.22, 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.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Wall Street Analyst Weigh In

BRBR has been the topic of several recent analyst reports. Evercore ISI lifted their target price on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Truist Financial boosted their price objective on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stephens reissued an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Finally, Mizuho boosted their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.87.

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.