BellRing Brands Inc. $BRBR Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in BellRing Brands Inc. (NYSE:BRBR) by 717.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,330 shares of the company’s stock after acquiring an additional 90,693 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of BellRing Brands worth $1,665,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BRBR. Northwestern Mutual Wealth Management Co. boosted its stake in shares of BellRing Brands by 42.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after purchasing an additional 373 shares during the period. Treasurer of the State of North Carolina grew its holdings in BellRing Brands by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock valued at $3,434,000 after purchasing an additional 456 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in BellRing Brands by 9.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock worth $308,000 after buying an additional 467 shares during the period. Larson Financial Group LLC increased its stake in BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in BellRing Brands by 5.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,599 shares of the company’s stock worth $257,000 after buying an additional 536 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Buying and Selling

In other news, Director David Isaiah Finkelstein acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $9.23 per share, with a total value of $36,920.00. Following the completion of the acquisition, the director directly owned 13,326 shares in the company, valued at $122,998.98. This represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

BellRing Brands Price Performance

BRBR opened at $12.99 on Monday. BellRing Brands Inc. has a 12-month low of $7.82 and a 12-month high of $56.69. The stock has a market capitalization of $1.51 billion, a PE ratio of 10.07, a P/E/G ratio of 6.34 and a beta of 0.45. The firm’s fifty day moving average price is $10.67 and its 200 day moving average price is $15.54.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). The company had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.BellRing Brands’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 earnings per share. On average, equities research analysts forecast that BellRing Brands Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of BellRing Brands from $12.00 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Zacks Research raised BellRing Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Bank of America cut their price target on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Stifel Nicolaus increased their price target on BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BellRing Brands in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.70.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.