Principal Financial Group Inc. Buys 788 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Principal Financial Group Inc. lifted its position in BellRing Brands, Inc. (NYSE:BRBR) by 0.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 902,211 shares of the company’s stock after acquiring an additional 788 shares during the period. Principal Financial Group Inc.’s holdings in BellRing Brands were worth $67,973,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares during the period. UMB Bank n.a. increased its holdings in shares of BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after acquiring an additional 234 shares during the last quarter. Truvestments Capital LLC bought a new stake in BellRing Brands in the 3rd quarter valued at $44,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the 4th quarter valued at $52,000. Finally, Fifth Third Bancorp boosted its position in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after purchasing an additional 153 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction dated 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 owns 1,166,691 shares in the company, valued at $87,851,832.30. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 156,870 shares of company stock worth $12,087,294 in the last ninety days. 1.07% of the stock is owned by insiders.

BellRing Brands Stock Down 0.0 %

Shares of BellRing Brands stock opened at $77.38 on Thursday. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 2.32 and a beta of 0.86. The firm’s 50-day moving average price is $75.79 and its two-hundred day moving average price is $68.16.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. On average, sell-side analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore ISI raised their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Stephens restated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Jefferies Financial Group increased their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Bank of America boosted 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 investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus target price 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.