OneDigital Investment Advisors LLC Purchases Shares of 2,888 BellRing Brands, Inc. (NYSE:BRBR)

OneDigital Investment Advisors LLC purchased a new stake in BellRing Brands, Inc. (NYSE:BRBR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,888 shares of the company’s stock, valued at approximately $218,000.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after acquiring an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands in the fourth quarter valued at approximately $52,000. Aster Capital Management DIFC Ltd increased its position in shares of BellRing Brands by 747.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company’s stock valued at $55,000 after buying an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of BellRing Brands by 180.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock valued at $69,000 after buying an additional 591 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of BellRing Brands by 18.2% in the fourth 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 and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays boosted their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Mizuho boosted their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Citigroup upped their price target on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. TD Cowen upped 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. Finally, UBS Group started coverage on BellRing Brands in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $81.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus target price of $79.25.

BellRing Brands Trading Down 0.1 %

Shares of NYSE:BRBR opened at $75.08 on Tuesday. The company has a market capitalization of $9.63 billion, a PE ratio of 35.25, a P/E/G ratio of 2.24 and a beta of 0.78. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The firm has a 50 day simple moving average of $72.24 and a 200-day simple moving average of $73.23.

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

BellRing Brands declared that its Board of Directors has approved a share buyback program on Thursday, March 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to buy up to 3.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at BellRing Brands

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the completion of the transaction, the insider now owns 57,836 shares in the company, valued at approximately $4,345,218.68. This represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert V. Vitale sold 28,453 shares of the company’s 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 transaction, the director now owns 1,110,004 shares of the company’s stock, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 221,828 shares of company stock worth $16,917,365 in the last 90 days. 1.07% of the stock is owned by insiders.

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.