Sumitomo Mitsui Trust Group Inc. Boosts Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,183 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in BellRing Brands were worth $390,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CWM LLC grew its stake in BellRing Brands by 264.3% during the 3rd quarter. CWM LLC now owns 3,927 shares of the company’s stock worth $238,000 after buying an additional 2,849 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of BellRing Brands in the third quarter valued at $31,000. Lecap Asset Management Ltd. acquired a new stake in shares of BellRing Brands in the third quarter valued at $1,501,000. International Assets Investment Management LLC acquired a new stake in shares of BellRing Brands during the third quarter worth $57,960,000. Finally, E. Ohman J or Asset Management AB acquired a new stake in shares of BellRing Brands during the third quarter worth $30,753,000. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Performance

Shares of BRBR opened at $76.55 on Friday. The stock has a fifty day moving average price of $75.79 and a two-hundred day moving average price of $67.49. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. As a group, research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Insider Transactions at BellRing Brands

In related news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the completion of the sale, the director now directly owns 1,110,004 shares of the company’s stock, valued at $85,370,407.64. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stephens reissued an “equal weight” rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, February 4th. Bank of America upped their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group upped their price target on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Citigroup raised their target price on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.87.

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.