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

US Bancorp DE trimmed its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 64,106 shares of the company’s stock after selling 2,177 shares during the period. US Bancorp DE’s holdings in BellRing Brands were worth $4,830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. UMB Bank n.a. lifted its holdings in 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 purchasing an additional 234 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the 4th quarter worth approximately $52,000. Truvestments Capital LLC acquired a new stake in BellRing Brands during the 3rd quarter worth approximately $44,000. Finally, Fifth Third Bancorp lifted its holdings in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after purchasing an additional 153 shares during the last quarter. 94.97% of the stock is 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 the company’s 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 218,636 shares of company stock worth $16,677,550 in the last 90 days. Insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on BRBR shares. Truist Financial lifted their price target on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Evercore ISI lifted their price objective on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Jefferies Financial Group lifted their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Citigroup lifted their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, TD Cowen lifted their price objective on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.87.

BellRing Brands Stock Up 2.1 %

Shares of BRBR stock opened at $72.67 on Thursday. The firm has a market capitalization of $9.32 billion, a P/E ratio of 34.12, a P/E/G ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The stock’s fifty day simple moving average is $74.84 and its 200 day simple moving average is $69.45.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share 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%. As a group, equities research analysts expect that BellRing Brands, Inc. will post 2.23 EPS 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.