Hsbc Holdings PLC Lowers Stock Holdings in BellRing Brands Inc. $BRBR

Hsbc Holdings PLC reduced its position in BellRing Brands Inc. (NYSE:BRBR) by 92.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,637 shares of the company’s stock after selling 147,818 shares during the quarter. Hsbc Holdings PLC’s holdings in BellRing Brands were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after purchasing an additional 524 shares in the last quarter. Danske Bank A S purchased a new position in shares of BellRing Brands during the 3rd quarter valued at $29,000. IFP Advisors Inc increased its holdings in shares of BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after purchasing an additional 573 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of BellRing Brands by 333.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock worth $50,000 after purchasing an additional 1,428 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of BellRing Brands by 578.9% in the fourth quarter. Signaturefd LLC now owns 1,901 shares of the company’s stock worth $51,000 after purchasing an additional 1,621 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BRBR. Bank of America dropped their price objective on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Morgan Stanley restated an “equal weight” rating and issued a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. Sanford C. Bernstein downgraded BellRing Brands from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $35.00 to $11.00 in a research report on Wednesday, May 6th. Stifel Nicolaus cut their price objective on BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, DA Davidson upgraded shares of BellRing Brands to a “strong-buy” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.57.

BellRing Brands Stock Performance

NYSE BRBR opened at $12.14 on Friday. BellRing Brands Inc. has a 52-week low of $7.82 and a 52-week high of $59.10. The company has a fifty day moving average of $10.34 and a 200-day moving average of $16.09. The company has a market capitalization of $1.41 billion, a P/E ratio of 9.41, a P/E/G ratio of 5.90 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The firm had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. During the same period in the prior year, the company earned $0.53 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. As a group, analysts forecast that BellRing Brands Inc. will post 1.22 EPS for the current fiscal year.

Insider Activity

In other news, Director David Isaiah Finkelstein acquired 4,000 shares of BellRing Brands stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the transaction, the director owned 13,326 shares of the company’s stock, valued at $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.