Deutsche Bank AG Reduces Stock Position in BellRing Brands, Inc. (NYSE:BRBR)

Deutsche Bank AG decreased its position in shares of BellRing Brands, Inc. (NYSE:BRBR) by 0.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 357,243 shares of the company’s stock after selling 713 shares during the period. Deutsche Bank AG’s holdings in BellRing Brands were worth $26,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its position in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares in the last quarter. Colonial Trust Co SC acquired a new position in shares of BellRing Brands during the 4th quarter worth $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands in the 4th quarter worth about $52,000. Aster Capital Management DIFC Ltd grew its stake in BellRing Brands by 747.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company’s stock valued at $55,000 after acquiring an additional 643 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in BellRing Brands by 180.7% during the 4th 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. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the sale, the director now directly owns 818,180 shares in the company, valued at approximately $59,776,230.80. This trade represents a 1.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Douglas J. Cornille sold 3,192 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the completion of the transaction, the insider now owns 57,836 shares of the company’s stock, valued at approximately $4,345,218.68. This represents a 5.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 188,275 shares of company stock worth $14,345,014. Company insiders own 1.07% of the company’s stock.

BellRing Brands Trading Down 0.2%

Shares of BRBR opened at $63.51 on Thursday. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The firm has a market capitalization of $8.15 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The stock’s fifty day simple moving average is $71.65 and its 200 day simple moving average is $73.44.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $588.00 million for the quarter, compared to the consensus estimate of $577.56 million. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Sell-side analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands declared that its board has approved a share repurchase program on Thursday, March 6th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

BRBR has been the topic of several recent research reports. UBS Group reduced their price target on shares of BellRing Brands from $81.00 to $71.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Barclays set a $75.00 price objective on BellRing Brands and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Truist Financial cut their price target on BellRing Brands from $75.00 to $65.00 and set a “hold” rating for the company in a report on Thursday, May 8th. Citigroup reduced their target price on shares of BellRing Brands from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Finally, Morgan Stanley started coverage on shares of BellRing Brands in a research note on Monday, March 24th. They set an “overweight” rating and a $84.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

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.