SCHEDULE 13G/A: Wasatch Advisors Discloses 4.6% Stake in BellRing Brands

Wasatch Advisors LP, an investment adviser, has disclosed a beneficial ownership of 4.6% in BellRing Brands, Inc. as of December 31, 2024.

Summary

• Wasatch Advisors LP, a Delaware-based investment adviser, has filed an Amendment No. 1 to Schedule 13G regarding its holdings in BellRing Brands, Inc.
• As of December 31, 2024, Wasatch Advisors LP beneficially owns an aggregate of 5,902,796 shares of BellRing Brands, Inc. Common Stock.
• This ownership represents 4.6% of the class of securities.
• Wasatch Advisors LP holds sole voting power over 4,144,124 shares and sole dispositive power over 5,902,796 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a 13G is a factual disclosure and not a performance report, the presence of a significant institutional investor like Wasatch Advisors LP holding a 4.6% stake can be viewed as a vote of confidence, albeit a passive one, in the company's value.

Positives

• A significant institutional investor, Wasatch Advisors LP, holds a notable stake of 4.6% in BellRing Brands, Inc., indicating confidence in the company's long-term prospects from a passive investment perspective.

Risks

• The filing itself does not detail specific risks related to BellRing Brands, Inc.; it is a disclosure of beneficial ownership.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance from BellRing Brands, Inc. or Wasatch Advisors LP regarding the issuer's future performance.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." Mike Yeates, CEO of Wasatch Advisors LP.

Industry Context

This filing is a standard disclosure of passive institutional ownership and does not provide specific insights into broader industry trends or competitive dynamics for BellRing Brands, Inc. It indicates continued or new interest from a significant investment adviser in the consumer goods or nutrition sector where BellRing Brands operates.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant institutional holder's stake, which can influence investor perception and potentially trading activity. It confirms a large, passive investment in the company.

Key Dates

Keywords

BellRing Brands, Wasatch Advisors, SEC filing, Schedule 13G, beneficial ownership, common stock, investment adviser, institutional ownership