The Manufacturers Life Insurance Company Has $45.73 Million Position in BellRing Brands Inc. $BRBR

The Manufacturers Life Insurance Company lessened its position in BellRing Brands Inc. (NYSE:BRBR) by 25.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,842,434 shares of the company’s stock after selling 987,730 shares during the period. The Manufacturers Life Insurance Company’s holdings in BellRing Brands were worth $45,735,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Danske Bank A S acquired a new position in shares of BellRing Brands in the 3rd quarter valued at $29,000. Larson Financial Group LLC raised its stake in BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares during the period. IFP Advisors Inc raised its stake in BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after buying an additional 573 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in BellRing Brands by 42.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after acquiring an additional 373 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in BellRing Brands by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock worth $92,000 after acquiring an additional 755 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BellRing Brands

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $9.23 per share, with a total value of $36,920.00. Following the transaction, the director directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

BellRing Brands Price Performance

BellRing Brands stock opened at $13.20 on Friday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 6.50 and a beta of 0.45. The firm has a 50-day moving average of $11.01 and a 200-day moving average of $15.24. BellRing Brands Inc. has a one year low of $7.82 and a one year high of $55.24.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The company had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same quarter in the previous year, the company posted $0.53 EPS. The business’s revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts expect that BellRing Brands Inc. will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group increased their price target on BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Morgan Stanley reiterated an “equal weight” rating and set a $13.00 price objective (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Barclays boosted their price objective on BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. BTIG Research began coverage on BellRing Brands in a research note on Monday, April 13th. They set a “neutral” rating for the company. Finally, Stephens restated an “overweight” rating and set a $20.00 target price on shares of BellRing Brands in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of “Hold” and a consensus price target of $20.97.

BellRing Brands Company Profile

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.