ING Groep NV Invests $1.88 Million in BellRing Brands, Inc. (NYSE:BRBR)

ING Groep NV purchased a new stake in BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $1,884,000.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its position in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares during the period. Farther Finance Advisors LLC grew its stake in BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after buying an additional 474 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands in the 4th quarter valued at about $52,000. Truvestments Capital LLC acquired a new position in shares of BellRing Brands in the 3rd quarter valued at approximately $44,000. Finally, Fifth Third Bancorp raised its position in shares of BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after buying an additional 153 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

Insider Activity at BellRing Brands

In other news, Director Robert V. Vitale sold 79,068 shares of BellRing Brands stock in a transaction on Friday, February 14th. The shares were sold at an average price of $77.04, for a total transaction of $6,091,398.72. Following the transaction, the director now owns 982,706 shares in the company, valued at $75,707,670.24. This trade represents a 7.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 203,636 shares of company stock worth $15,581,650. 1.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BRBR has been the subject of several research reports. Citigroup increased their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, November 19th. Evercore ISI boosted their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Truist Financial lifted their price target on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.87.

BellRing Brands Stock Performance

NYSE BRBR opened at $72.99 on Monday. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The stock has a market cap of $9.36 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The stock has a 50 day simple moving average of $75.61 and a two-hundred day simple moving average of $68.58.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data 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%. Sell-side analysts predict that BellRing Brands, Inc. will post 2.23 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.