American International Group Inc. Has $13.42 Million Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

American International Group Inc. decreased its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 242,095 shares of the company’s stock after selling 8,945 shares during the quarter. American International Group Inc. owned about 0.18% of BellRing Brands worth $13,419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parallel Advisors LLC lifted its stake in BellRing Brands by 153.6% in the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after acquiring an additional 361 shares during the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new stake in BellRing Brands in the 4th quarter valued at about $44,000. Parkside Financial Bank & Trust grew its holdings in BellRing Brands by 108.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company’s stock worth $50,000 after purchasing an additional 636 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new position in BellRing Brands during the fourth quarter worth approximately $56,000. Finally, Spire Wealth Management raised its stake in BellRing Brands by 40.0% in the fourth quarter. Spire Wealth Management now owns 1,050 shares of the company’s stock valued at $56,000 after buying an additional 300 shares during the period. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $55.20 on Monday. The business’s 50 day simple moving average is $57.31 and its 200 day simple moving average is $56.80. BellRing Brands, Inc. has a 1 year low of $34.58 and a 1 year high of $62.76. The company has a market capitalization of $7.20 billion, a P/E ratio of 38.33, a P/E/G ratio of 1.55 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. The company had revenue of $494.60 million for the quarter, compared to analyst estimates of $467.22 million. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. BellRing Brands’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. On average, sell-side analysts anticipate that BellRing Brands, Inc. will post 1.81 EPS for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In related news, Chairman Robert V. Vitale sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total transaction of $902,250.00. Following the sale, the chairman now owns 215,054 shares in the company, valued at approximately $12,935,498.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BRBR shares. TD Cowen lifted their target price on BellRing Brands from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Mizuho upped their price objective on shares of BellRing Brands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Stifel Nicolaus raised their target price on shares of BellRing Brands from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BellRing Brands in a research note on Thursday, May 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Finally, Stephens restated an “equal weight” rating and set a $53.00 price objective on shares of BellRing Brands in a research report on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.23.

BellRing Brands 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.