Healthcare of Ontario Pension Plan Trust Fund Reduces Stake in BellRing Brands, Inc. (NYSE:BRBR)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 46.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,152 shares of the company’s stock after selling 8,748 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in BellRing Brands were worth $580,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. KBC Group NV purchased a new position in shares of BellRing Brands during the 4th quarter worth approximately $135,000. Tower Research Capital LLC TRC increased its position in BellRing Brands by 898.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 30,030 shares of the company’s stock worth $1,665,000 after buying an additional 27,022 shares in the last quarter. Bridgewater Associates LP raised its holdings in shares of BellRing Brands by 3.0% in the fourth quarter. Bridgewater Associates LP now owns 243,440 shares of the company’s stock worth $13,494,000 after acquiring an additional 7,152 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of BellRing Brands in the fourth quarter valued at $119,000. Finally, Vanguard Group Inc. boosted its stake in shares of BellRing Brands by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock valued at $736,151,000 after acquiring an additional 155,252 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

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

BellRing Brands Stock Up 0.4 %

BellRing Brands stock opened at $62.26 on Wednesday. The firm has a market capitalization of $8.12 billion, a P/E ratio of 43.18, a PEG ratio of 1.58 and a beta of 0.85. The firm has a fifty day moving average of $56.80 and a 200-day moving average of $56.71. BellRing Brands, Inc. has a 52-week low of $41.19 and a 52-week high of $62.76.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.44 by $0.10. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The company had revenue of $515.40 million for the quarter, compared to analyst estimates of $504.73 million. During the same period last year, the company posted $0.34 earnings per share. The firm’s revenue was up 15.6% compared to the same quarter last year. On average, research analysts expect that BellRing Brands, Inc. will post 1.9 EPS for the current fiscal year.

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.