Mutual of America Capital Management LLC Has $4.50 Million Stake in BellRing Brands, Inc. (NYSE:BRBR)

Mutual of America Capital Management LLC trimmed its stake in BellRing Brands, Inc. (NYSE:BRBR) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 81,105 shares of the company’s stock after selling 4,222 shares during the period. Mutual of America Capital Management LLC’s holdings in BellRing Brands were worth $4,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new position in shares of BellRing Brands during the 1st quarter worth about $31,000. Point72 Middle East FZE bought a new position in shares of BellRing Brands during the 4th quarter worth about $33,000. Allworth Financial LP lifted its holdings in shares of BellRing Brands by 59.2% during the 3rd quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after acquiring an additional 375 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of BellRing Brands by 108.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company’s stock worth $50,000 after acquiring an additional 636 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of BellRing Brands during the 4th quarter worth about $56,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BellRing Brands

In other news, Director Elliot Stein, Jr. sold 1,000 shares of BellRing Brands stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total transaction of $57,810.00. Following the completion of the sale, the director now owns 24,646 shares in the company, valued at approximately $1,424,785.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.80% of the company’s stock.

BellRing Brands Trading Down 0.8 %

BRBR opened at $54.52 on Tuesday. The stock has a market capitalization of $7.14 billion, a PE ratio of 43.97, a PEG ratio of 2.09 and a beta of 0.83. BellRing Brands, Inc. has a 1-year low of $33.99 and a 1-year high of $62.76. The firm has a 50-day moving average price of $58.25 and a two-hundred day moving average price of $52.89.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $430.40 million during the quarter, compared to analysts’ expectations of $407.91 million. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. On average, research analysts predict that BellRing Brands, Inc. will post 1.67 EPS for the current year.

Analysts Set New Price Targets

BRBR has been the subject of a number of analyst reports. Barclays raised their price objective on shares of BellRing Brands from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Needham & Company LLC raised their price objective on shares of BellRing Brands from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Stephens reaffirmed an “equal weight” rating and set a $51.00 price objective on shares of BellRing Brands in a report on Tuesday, February 6th. Mizuho lifted their price target on shares of BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Citigroup assumed coverage on shares of BellRing Brands in a report on Thursday, February 1st. They set a “buy” rating and a $67.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.08.

BellRing Brands Company 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.