Principal Financial Group Inc. Has $67.97 Million Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Principal Financial Group Inc. grew its holdings in BellRing Brands, Inc. (NYSE:BRBR) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 902,211 shares of the company’s stock after purchasing an additional 788 shares during the quarter. Principal Financial Group Inc. owned approximately 0.70% of BellRing Brands worth $67,973,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. CWM LLC boosted its stake in BellRing Brands by 264.3% in the third quarter. CWM LLC now owns 3,927 shares of the company’s stock valued at $238,000 after acquiring an additional 2,849 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of BellRing Brands in the 3rd quarter valued at $1,501,000. International Assets Investment Management LLC bought a new position in shares of BellRing Brands in the 3rd quarter worth $57,960,000. E. Ohman J or Asset Management AB acquired a new stake in shares of BellRing Brands during the third quarter worth $30,753,000. Finally, Mediolanum International Funds Ltd bought a new stake in BellRing Brands in the third quarter valued at about $11,146,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BRBR shares. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Citigroup boosted their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Stifel Nicolaus increased their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Stephens reissued an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. Finally, Evercore ISI raised their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.87.

BellRing Brands Price Performance

BRBR stock opened at $77.38 on Thursday. The stock has a market capitalization of $9.93 billion, a P/E ratio of 36.33, a P/E/G ratio of 2.32 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The business has a 50-day moving average of $75.79 and a 200-day moving average of $68.16.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. Equities analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the sale, the director now directly owns 1,166,691 shares of the company’s stock, valued at $87,851,832.30. The trade was a 0.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 156,870 shares of company stock worth $12,087,294. 1.07% of the stock is owned by insiders.

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.