BellRing Brands, Inc. (NYSE:BRBR) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 24.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 703,632 shares of the company’s stock after purchasing an additional 139,322 shares during the period. American Century Companies Inc. owned approximately 0.55% of BellRing Brands worth $53,012,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after buying an additional 234 shares during the last quarter. Truvestments Capital LLC purchased a new position in BellRing Brands in the third quarter valued at about $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in BellRing Brands in the fourth quarter valued at about $52,000. EverSource Wealth Advisors LLC grew its stake in BellRing Brands by 180.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock valued at $69,000 after purchasing an additional 591 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after purchasing an additional 153 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup raised their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Morgan Stanley assumed coverage on shares of BellRing Brands in a report on Monday. They set an “overweight” rating and a $84.00 price objective for the company. Mizuho upped their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Barclays lifted their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Finally, TD Cowen upped their price objective on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.13.

BellRing Brands Trading Up 0.6 %

Shares of NYSE BRBR opened at $73.94 on Thursday. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85. The stock’s 50 day simple moving average is $73.53 and its 200 day simple moving average is $70.87.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its board has initiated a stock buyback program on Thursday, March 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.30, for a total value of $384,030.00. Following the sale, the director now directly owns 1,166,691 shares in the company, valued at $87,851,832.30. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 218,636 shares of company stock worth $16,677,550 in the last ninety days. 1.07% of the stock is owned by insiders.

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.