American International Group Inc. Trims Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

American International Group Inc. reduced its stake in BellRing Brands, Inc. (NYSE:BRBR) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,364 shares of the company’s stock after selling 4,731 shares during the quarter. American International Group Inc. owned about 0.18% of BellRing Brands worth $14,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. lifted its position in BellRing Brands by 3.8% during the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after buying an additional 276 shares during the period. Seven Eight Capital LP purchased a new position in BellRing Brands during the first quarter worth about $2,097,000. O Shaughnessy Asset Management LLC lifted its position in BellRing Brands by 96.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,516 shares of the company’s stock worth $916,000 after buying an additional 7,620 shares during the period. Cynosure Group LLC purchased a new position in BellRing Brands during the first quarter worth about $303,000. Finally, Edgestream Partners L.P. lifted its position in BellRing Brands by 94.3% during the first quarter. Edgestream Partners L.P. now owns 153,351 shares of the company’s stock worth $9,052,000 after buying an additional 74,428 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $60.15, for a total transaction of $902,250.00. Following the completion of the sale, the chairman now owns 215,054 shares in the company, valued at approximately $12,935,498.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by insiders.

BellRing Brands Stock Performance

Shares of BRBR stock traded down $0.03 during trading hours on Thursday, reaching $48.96. The company had a trading volume of 342,155 shares, compared to its average volume of 1,355,204. BellRing Brands, Inc. has a twelve month low of $35.03 and a twelve month high of $62.76. The company has a market capitalization of $6.39 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 1.41 and a beta of 0.84. The stock’s fifty day simple moving average is $56.56 and its 200 day simple moving average is $56.91.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The business had revenue of $494.60 million during the quarter, compared to analyst estimates of $467.22 million. During the same quarter last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, equities analysts expect that BellRing Brands, Inc. will post 1.8 earnings per share for the current year.

Analyst Ratings Changes

BRBR has been the topic of several recent analyst reports. Evercore ISI increased their target price on BellRing Brands from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft reduced their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Mizuho increased their target price on BellRing Brands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. TD Cowen upped their price target on BellRing Brands from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Stifel Nicolaus upped their price target on BellRing Brands from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.29.

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.