Mediolanum International Funds Ltd Trims Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Mediolanum International Funds Ltd trimmed its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 42.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 105,411 shares of the company’s stock after selling 77,283 shares during the period. Mediolanum International Funds Ltd’s holdings in BellRing Brands were worth $7,954,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Wasatch Advisors LP boosted its stake in shares of BellRing Brands by 8.0% in the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock worth $406,903,000 after buying an additional 494,669 shares during the last quarter. Franklin Resources Inc. lifted its holdings in BellRing Brands by 9.3% in the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock valued at $285,646,000 after acquiring an additional 380,216 shares during the period. State Street Corp boosted its position in BellRing Brands by 1.3% in the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock worth $236,001,000 after purchasing an additional 50,339 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of BellRing Brands by 11.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock worth $167,388,000 after purchasing an additional 281,667 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in shares of BellRing Brands by 21.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock valued at $157,202,000 after purchasing an additional 457,796 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BRBR shares. Stifel Nicolaus increased their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays increased their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. TD Cowen lifted their price target on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Stephens increased their price target on BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. Finally, DA Davidson restated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.13.

BellRing Brands Trading Down 2.6 %

NYSE:BRBR opened at $77.36 on Friday. The company has a market cap of $9.96 billion, a P/E ratio of 41.37, a P/E/G ratio of 2.64 and a beta of 0.86. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The company’s 50-day moving average price is $76.03 and its 200-day moving average price is $65.50.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same period last year, the company posted $0.41 EPS. The business’s revenue was up 17.6% on a year-over-year basis. On average, analysts expect that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

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.