Mutual of America Capital Management LLC Sells 3,353 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 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,681 shares of the company’s stock after selling 3,353 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of BellRing Brands worth $4,267,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in BellRing Brands in the 2nd quarter worth about $28,000. Rise Advisors LLC purchased a new stake in BellRing Brands in the 1st quarter worth about $32,000. Parallel Advisors LLC increased its holdings in BellRing Brands by 153.6% in the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after acquiring an additional 361 shares during the last quarter. GAMMA Investing LLC increased its holdings in BellRing Brands by 165.3% in the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after acquiring an additional 615 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after acquiring an additional 374 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Price Performance

NYSE:BRBR opened at $60.47 on Monday. The business has a 50 day moving average of $54.49 and a 200 day moving average of $56.62. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 1.51 and a beta of 0.85. BellRing Brands, Inc. has a 1-year low of $39.90 and a 1-year high of $62.76.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. The company had revenue of $515.40 million during the quarter, compared to the consensus estimate of $504.73 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. BellRing Brands’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, sell-side analysts anticipate that BellRing Brands, Inc. will post 1.9 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on BRBR. Stephens reissued an “equal weight” rating and issued a $55.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. reduced their target price on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.64.

About BellRing Brands

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.