B. Metzler seel. Sohn & Co. AG Sells 8,715 Shares of BellRing Brands, Inc. (NYSE:BRBR)

B. Metzler seel. Sohn & Co. AG reduced its stake in BellRing Brands, Inc. (NYSE:BRBR) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,696 shares of the company’s stock after selling 8,715 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in BellRing Brands were worth $2,689,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BRBR. UMB Bank n.a. grew its stake in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after buying an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands in the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC increased its holdings in shares of BellRing Brands by 180.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company’s stock valued at $69,000 after acquiring an additional 591 shares in the last quarter. Fifth Third Bancorp raised its position in shares of BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after purchasing an additional 153 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of BellRing Brands by 160.5% in the 4th quarter. Blue Trust Inc. now owns 1,050 shares of the company’s stock worth $79,000 after purchasing an additional 647 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on BRBR shares. Stephens restated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Barclays upped their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Citigroup lifted their price target on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. TD Cowen raised their target price on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley started coverage on BellRing Brands in a research report on Monday, March 24th. They set an “overweight” rating and a $84.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.13.

BellRing Brands Price Performance

NYSE BRBR opened at $75.17 on Wednesday. The business’s fifty day moving average is $73.61 and its 200-day moving average is $71.42. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 2.24 and a beta of 0.85. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67.

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

BellRing Brands announced that its board has initiated a stock repurchase plan on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the sale, the director now directly owns 1,110,004 shares of the company’s stock, valued at $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 218,636 shares of company stock valued at $16,677,550. Company insiders own 1.07% of the company’s stock.

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.