Mutual of America Capital Management LLC Sells 2,247 Shares of BellRing Brands Inc. (NYSE:BRBR)

Mutual of America Capital Management LLC cut its stake in shares of BellRing Brands Inc. (NYSE:BRBR) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,024 shares of the company’s stock after selling 2,247 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of BellRing Brands worth $4,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BRBR. AQR Capital Management LLC boosted its stake in BellRing Brands by 284.2% during the fourth quarter. AQR Capital Management LLC now owns 2,278,508 shares of the company’s stock worth $171,663,000 after acquiring an additional 1,685,525 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of BellRing Brands by 77.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,761,180 shares of the company’s stock valued at $131,137,000 after buying an additional 768,595 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of BellRing Brands by 73.5% in the fourth quarter. Bank of America Corp DE now owns 1,709,652 shares of the company’s stock valued at $128,805,000 after buying an additional 724,337 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of BellRing Brands by 32.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,321,022 shares of the company’s stock valued at $174,866,000 after buying an additional 564,342 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of BellRing Brands by 32.4% in the fourth quarter. FMR LLC now owns 1,502,042 shares of the company’s stock valued at $113,164,000 after buying an additional 367,822 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BRBR has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of BellRing Brands from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. DA Davidson raised shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, May 27th. Jefferies Financial Group raised their price objective on shares of BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Morgan Stanley dropped their price objective on shares of BellRing Brands from $78.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, UBS Group dropped their price target on shares of BellRing Brands from $63.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.86.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $39.04 on Friday. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.92 and a beta of 0.72. BellRing Brands Inc. has a 52 week low of $34.02 and a 52 week high of $80.67. The firm’s 50-day simple moving average is $56.68 and its two-hundred day simple moving average is $66.54.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.49 by $0.06. The business had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Shawn Conway acquired 2,700 shares of the stock in a transaction on Wednesday, August 6th. The shares were acquired at an average price of $36.41 per share, with a total value of $98,307.00. Following the completion of the transaction, the director owned 6,685 shares in the company, valued at approximately $243,400.85. The trade was a 67.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig L. Rosenthal acquired 2,600 shares of the stock in a transaction on Wednesday, August 6th. The stock was bought at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the transaction, the insider owned 33,475 shares of the company’s stock, valued at approximately $1,248,282.75. This trade represents a 8.42% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 14,400 shares of company stock valued at $836,224. Company insiders own 1.07% of the company’s stock.

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.