BlackRock Amends BellRing Brands Stake, Maintains Passive Position

Ticker: BRBR · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, bellring-brands

TL;DR

**BlackRock still owns a big chunk of BellRing Brands, but they're just holding, not shaking things up.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in BELLRING BRANDS, INC. (BRBR) as of December 31, 2023. This filing, Amendment No. 3, indicates BlackRock's continued significant, but passive, stake in the company. For investors, this means a major institutional investor maintains confidence in BRBR, which can be a positive signal, but it doesn't suggest any active involvement in the company's management or strategy.

Why It Matters

This filing confirms BlackRock, a massive institutional investor, still holds a substantial stake in BellRing Brands, signaling their continued belief in the company's long-term prospects. It's a vote of confidence from a major player, which can reassure current and potential investors.

Risk Assessment

Risk Level: low — This filing is routine and indicates a passive investment, posing minimal direct risk to the stock.

Analyst Insight

Investors should note BlackRock's continued passive stake as a sign of institutional confidence, but understand this filing doesn't signal any new strategic moves or changes in company direction. It's a routine update confirming existing investment positions.

Key Players & Entities

FAQ

What type of filing is this and what does it generally mean?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It's filed by institutional investors like BlackRock Inc. to report passive ownership of 5% or more of a company's stock. The 'A' indicates it's an amendment, meaning they're updating previously reported information.

Who is the 'reporting person' in this filing?

The reporting person is BlackRock, Inc., a major asset management firm with a Central Index Key (CIK) of 0001364742, located at 50 Hudson Yards, New York, NY.

Which company's securities are being reported on?

The securities of BELLRING BRANDS, INC. (CIK: 0001772016) are being reported. Their business address is 2503 S. Hanley Road, St. Louis, MO 63144.

What was the 'Date of Event Which Requires Filing of this Statement'?

The date of the event which required this filing was December 31, 2023, as stated on the cover page of the Schedule 13G.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.

From the Filing

0001086364-24-001690.txt : 20240123 0001086364-24-001690.hdr.sgml : 20240123 20240123161355 ACCESSION NUMBER: 0001086364-24-001690 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BELLRING BRANDS, INC. CENTRAL INDEX KEY: 0001772016 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 873296749 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91169 FILM NUMBER: 24552695 BUSINESS ADDRESS: STREET 1: 2503 S. HANLEY ROAD CITY: ST. LOUIS STATE: MO ZIP: 63144 BUSINESS PHONE: 314-644-6400 MAIL ADDRESS: STREET 1: 2503 S. HANLEY ROAD CITY: ST. LOUIS STATE: MO ZIP: 63144 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us07831c1036_012324.txt us07831c1036_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) BELLRING BRANDS, INC. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 07831C103 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 07831C103 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 16477147 (6) Shared voting power 0 (7) Sole dispositive power 16921691 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 16921691 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 12.9% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- BELLRING BRANDS, INC. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2503 S. HANLEY ROAD ST. LOUIS MO 63144 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ---------------------------------------------------------------

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