Poinciana Advisors Group LLC Acquires Shares of 3,607 BellRing Brands, Inc. (NYSE:BRBR)

Poinciana Advisors Group LLC purchased a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,607 shares of the company’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Picton Mahoney Asset Management grew its stake in shares of BellRing Brands by 4.5% in the fourth quarter. Picton Mahoney Asset Management now owns 142,704 shares of the company’s stock valued at $10,752,000 after acquiring an additional 6,139 shares in the last quarter. Associated Banc Corp acquired a new position in shares of BellRing Brands in the fourth quarter valued at about $214,000. EverSource Wealth Advisors LLC grew its stake in shares of BellRing Brands by 180.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock valued at $69,000 after acquiring an additional 591 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of BellRing Brands in the fourth quarter valued at about $328,000. Finally, AGF Management Ltd. grew its stake in shares of BellRing Brands by 2.9% in the fourth quarter. AGF Management Ltd. now owns 103,006 shares of the company’s stock valued at $7,760,000 after acquiring an additional 2,913 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Up 1.8 %

BRBR opened at $67.44 on Friday. The company’s 50 day moving average is $73.70 and its 200-day moving average is $69.92. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The company has a market cap of $8.65 billion, a P/E ratio of 31.66, a PEG ratio of 2.24 and a beta of 0.85.

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 net margin of 13.32% and a negative return on equity of 130.14%. On average, equities analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands announced that its board has approved a stock repurchase program on Thursday, March 6th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the sale, the director now directly owns 1,110,004 shares in the company, valued at $85,370,407.64. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 218,636 shares of company stock worth $16,677,550. Corporate insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

BRBR has been the topic of several research reports. Stephens restated an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. TD Cowen upped their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Stifel Nicolaus increased their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays increased their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.79.

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.