Mutual of America Capital Management LLC Takes Position in BellRing Brands, Inc. (NYSE:BRBR)

Mutual of America Capital Management LLC purchased a new stake in BellRing Brands, Inc. (NYSE:BRBRGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 91,289 shares of the company’s stock, valued at approximately $2,272,000. Mutual of America Capital Management LLC owned approximately 0.07% of BellRing Brands at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Los Angeles Capital Management LLC raised its position in shares of BellRing Brands by 1.7% in the first quarter. Los Angeles Capital Management LLC now owns 24,637 shares of the company’s stock valued at $569,000 after buying an additional 422 shares in the last quarter. Strs Ohio raised its position in shares of BellRing Brands by 1.9% in the second quarter. Strs Ohio now owns 27,200 shares of the company’s stock valued at $677,000 after buying an additional 500 shares in the last quarter. IndexIQ Advisors LLC raised its position in BellRing Brands by 4.4% during the first quarter. IndexIQ Advisors LLC now owns 18,667 shares of the company’s stock valued at $431,000 after purchasing an additional 780 shares in the last quarter. Xponance Inc. raised its position in BellRing Brands by 4.9% during the second quarter. Xponance Inc. now owns 17,369 shares of the company’s stock valued at $432,000 after purchasing an additional 818 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in BellRing Brands by 5.3% during the second quarter. Nisa Investment Advisors LLC now owns 21,629 shares of the company’s stock valued at $538,000 after purchasing an additional 1,079 shares in the last quarter. 81.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on BRBR. Mizuho boosted their price objective on shares of BellRing Brands from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Citigroup restated a “buy” rating and set a $35.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 23rd. Truist Financial lowered their price objective on shares of BellRing Brands from $30.00 to $25.00 in a research report on Monday. Finally, Morgan Stanley lowered their price objective on shares of BellRing Brands from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Friday, October 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $32.14.

BellRing Brands Stock Performance

NYSE BRBR opened at $24.08 on Wednesday. The firm’s fifty day moving average price is $23.07 and its two-hundred day moving average price is $24.11. The stock has a market cap of $3.28 billion, a PE ratio of 31.27, a PEG ratio of 1.23 and a beta of 0.91. BellRing Brands, Inc. has a fifty-two week low of $20.20 and a fifty-two week high of $29.09.

About BellRing Brands

(Get Rating)

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

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Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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