US Bancorp DE Has $4.49 Million Stock Holdings in BellRing Brands Inc. $BRBR

US Bancorp DE decreased its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,503 shares of the company’s stock after selling 3,653 shares during the quarter. US Bancorp DE’s holdings in BellRing Brands were worth $4,490,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. TCTC Holdings LLC lifted its holdings in BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock valued at $30,000 after purchasing an additional 190 shares during the last quarter. Maseco LLP acquired a new stake in shares of BellRing Brands during the second quarter worth $25,000. First Horizon Advisors Inc. lifted its holdings in shares of BellRing Brands by 283.3% during the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock worth $34,000 after buying an additional 340 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of BellRing Brands by 149.8% during the first quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock worth $38,000 after buying an additional 310 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of BellRing Brands by 2,660.0% during the first quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $51,000 after buying an additional 665 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Shawn Conway bought 2,700 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were purchased at an average price of $36.41 per share, for a total transaction of $98,307.00. Following the completion of the transaction, the director directly owned 6,685 shares in the company, valued at approximately $243,400.85. The trade was a 67.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Craig L. Rosenthal bought 2,600 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was acquired at an average price of $37.29 per share, for a total transaction of $96,954.00. Following the transaction, the insider owned 33,475 shares of the company’s stock, valued at approximately $1,248,282.75. The trade was a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 6,616 shares of company stock worth $65,995,248 and have sold 4,800 shares worth $266,096. Company insiders own 1.07% of the company’s stock.

BellRing Brands Stock Up 0.5%

BRBR stock opened at $34.31 on Tuesday. The company has a market cap of $4.32 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.67 and a beta of 0.75. The business has a 50-day simple moving average of $37.85 and a 200 day simple moving average of $54.95. BellRing Brands Inc. has a 52 week low of $33.51 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, February 28th. The company reported $0.22 EPS for the quarter. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The business had revenue of $282.40 million during the quarter. On average, analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its board has initiated a share buyback plan on Tuesday, September 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on BellRing Brands from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Evercore ISI dropped their target price on BellRing Brands from $82.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of BellRing Brands in a report on Wednesday, October 8th. Jefferies Financial Group lifted their target price on BellRing Brands from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley dropped their price target on BellRing Brands from $78.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.27.

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.