Daiwa Securities Group Inc. Has $753,000 Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Daiwa Securities Group Inc. lifted its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 23.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,000 shares of the company’s stock after buying an additional 1,900 shares during the period. Daiwa Securities Group Inc.’s holdings in BellRing Brands were worth $753,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. UMB Bank n.a. boosted its stake in BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after buying an additional 234 shares in the last quarter. Truvestments Capital LLC acquired a new stake in BellRing Brands in the third quarter valued at about $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands in the fourth quarter valued at about $52,000. Fifth Third Bancorp boosted its stake in BellRing Brands by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after buying an additional 153 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in BellRing Brands by 160.5% in the fourth quarter. Blue Trust Inc. now owns 1,050 shares of the company’s stock valued at $79,000 after buying an additional 647 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.30, for a total value of $384,030.00. Following the transaction, the director now directly owns 1,166,691 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 218,636 shares of company stock valued at $16,677,550. 1.07% of the stock is currently owned by company insiders.

BellRing Brands Price Performance

BellRing Brands stock opened at $67.44 on Friday. The stock’s 50 day moving average is $73.70 and its 200 day moving average is $70.02. The firm has a market cap of $8.65 billion, a P/E ratio of 31.66, a P/E/G ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 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%. Equities analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BRBR shares. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Stifel Nicolaus raised their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial lifted their price target on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price target on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Bank of America lifted their price target on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $78.79.

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.