Sarasin & Partners LLP Decreases Stock Position in BellRing Brands Inc. $BRBR

Sarasin & Partners LLP cut its holdings in BellRing Brands Inc. (NYSE:BRBR) by 10.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 45,000 shares of the company’s stock after selling 5,000 shares during the quarter. Sarasin & Partners LLP’s holdings in BellRing Brands were worth $2,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc raised its position in shares of BellRing Brands by 1,742.9% in the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock valued at $29,000 after purchasing an additional 366 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of BellRing Brands by 87.6% in the first quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after buying an additional 190 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of BellRing Brands by 175.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock worth $33,000 after buying an additional 283 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of BellRing Brands by 283.3% in 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 during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of BellRing Brands by 149.8% in 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 during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Stock Performance

NYSE BRBR opened at $36.77 on Wednesday. The stock has a 50-day simple moving average of $45.58 and a two-hundred day simple moving average of $59.60. The firm has a market capitalization of $4.63 billion, a P/E ratio of 21.01, a PEG ratio of 1.73 and a beta of 0.74. BellRing Brands Inc. has a fifty-two week low of $34.02 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.06. The company had revenue of $547.50 million during the quarter, compared to analysts’ expectations of $530.76 million. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.BellRing Brands’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. As a group, analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

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

Insider Activity

In other news, insider Craig L. Rosenthal bought 2,600 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average cost of $37.29 per share, with a total value of $96,954.00. Following the acquisition, the insider directly owned 33,475 shares in the company, valued at $1,248,282.75. This trade represents a 8.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $54.18, for a total transaction of $86,688.00. Following the transaction, the chief executive officer directly owned 193,978 shares of the company’s stock, valued at approximately $10,509,728.04. This trade represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 11,200 shares valued at $638,640. Insiders own 1.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BRBR. Stephens upgraded BellRing Brands from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $68.00 to $50.00 in a research note on Wednesday, August 6th. Mizuho reduced their price objective on BellRing Brands from $75.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, August 18th. UBS Group reduced their price objective on BellRing Brands from $63.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Morgan Stanley reduced their price objective 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. Finally, DA Davidson raised shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Tuesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus price target of $64.80.

BellRing Brands Company 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.