ING Groep NV Increases Stock Holdings in BellRing Brands Inc. $BRBR

ING Groep NV boosted its position in BellRing Brands Inc. (NYSE:BRBR) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 747,400 shares of the company’s stock after purchasing an additional 107,600 shares during the period. ING Groep NV owned about 0.62% of BellRing Brands worth $19,978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BRBR. Goldman Sachs Group Inc. boosted its position in BellRing Brands by 20.2% in the first quarter. Goldman Sachs Group Inc. now owns 253,403 shares of the company’s stock worth $18,868,000 after purchasing an additional 42,666 shares during the last quarter. Caxton Associates LLP purchased a new position in BellRing Brands in the first quarter worth about $278,000. Northwestern Mutual Wealth Management Co. boosted its position in BellRing Brands by 42.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after purchasing an additional 373 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in BellRing Brands by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock worth $92,000 after purchasing an additional 755 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in BellRing Brands by 4.2% in the second quarter. California Public Employees Retirement System now owns 226,101 shares of the company’s stock worth $13,098,000 after purchasing an additional 9,179 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRBR has been the topic of several research reports. Morgan Stanley reissued an “equal weight” rating and issued a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. DA Davidson dropped their target price on BellRing Brands from $34.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. BTIG Research started coverage on BellRing Brands in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. UBS Group decreased their price objective on BellRing Brands from $19.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group decreased their price objective on BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, BellRing Brands has an average rating of “Hold” and a consensus price target of $22.47.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $9.23 per share, with a total value of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares of the company’s stock, valued at $122,998.98. This represents a 42.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

BellRing Brands Stock Up 0.3%

NYSE BRBR opened at $8.80 on Monday. The stock’s 50-day moving average price is $12.83 and its 200-day moving average price is $20.05. BellRing Brands Inc. has a 52 week low of $8.10 and a 52 week high of $63.08. The company has a market capitalization of $1.02 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 4.30 and a beta of 0.56.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The company had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. During the same period last year, the business earned $0.53 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts anticipate that BellRing Brands Inc. will post 1.23 EPS for the current year.

BellRing Brands 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.