US Bancorp DE Has $4.83 Million Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

US Bancorp DE lessened its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,106 shares of the company’s stock after selling 2,177 shares during the quarter. US Bancorp DE’s holdings in BellRing Brands were worth $4,830,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Wasatch Advisors LP lifted its stake in shares of BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after acquiring an additional 494,669 shares during the period. Franklin Resources Inc. lifted its stake in BellRing Brands by 9.3% in the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock valued at $285,646,000 after buying an additional 380,216 shares during the period. State Street Corp lifted its stake in BellRing Brands by 1.3% in the third quarter. State Street Corp now owns 3,886,709 shares of the company’s stock valued at $236,001,000 after buying an additional 50,339 shares during the period. Wellington Management Group LLP lifted its stake in BellRing Brands by 11.4% in the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock valued at $167,388,000 after buying an additional 281,667 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in BellRing Brands by 21.5% in the third quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock valued at $157,202,000 after buying an additional 457,796 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of the transaction, the director now directly owns 818,180 shares in the company, valued at $59,776,230.80. This trade represents a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 218,636 shares of company stock worth $16,677,550 over the last ninety days. 1.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Mizuho increased their target price on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Jefferies Financial Group increased their target price on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. TD Cowen increased their target price on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Stephens reissued an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on BellRing Brands from $73.00 to $77.00 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 company. Based on data from MarketBeat.com, BellRing Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.87.

BellRing Brands Stock Performance

NYSE:BRBR opened at $72.67 on Thursday. The company has a market cap of $9.32 billion, a PE ratio of 34.12, a PEG ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The stock has a 50-day simple moving average of $74.84 and a 200 day simple moving average of $69.45.

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

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.