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

B. Metzler seel. Sohn & Co. AG trimmed its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,696 shares of the company's stock after selling 8,715 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in BellRing Brands were worth $2,689,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BRBR. Pallas Capital Advisors LLC increased its stake in BellRing Brands by 152.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company's stock worth $1,264,000 after acquiring an additional 10,117 shares during the period. State Street Corp increased its position in shares of BellRing Brands by 1.3% in the third quarter. State Street Corp now owns 3,886,709 shares of the company's stock worth $236,001,000 after purchasing an additional 50,339 shares during the period. Sanctuary Advisors LLC acquired a new position in BellRing Brands in the third quarter valued at about $439,000. Encompass More Asset Management bought a new stake in BellRing Brands during the fourth quarter worth about $549,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in BellRing Brands by 4.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 82,598 shares of the company's stock worth $6,223,000 after buying an additional 3,865 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on BRBR. Stephens reissued an "equal weight" rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. Mizuho increased their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. TD Cowen lifted their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Citigroup increased their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. 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 target price on the stock. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $79.13.

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BellRing Brands Stock Performance

Shares of NYSE BRBR traded down $3.96 during midday trading on Friday, hitting $69.83. 2,325,214 shares of the stock traded hands, compared to its average volume of 1,192,857. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67. The business has a 50 day moving average price of $73.44 and a two-hundred day moving average price of $71.64. The company has a market cap of $8.96 billion, a PE ratio of 32.78, a P/E/G ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued 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 negative return on equity of 130.14% and a net margin of 13.32%. As a group, equities research analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its board has initiated a share buyback program on Thursday, March 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction 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 transaction, the insider now owns 57,836 shares of the company's stock, valued at approximately $4,345,218.68. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert V. Vitale sold 15,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of the transaction, the director now owns 818,180 shares of the company's stock, valued at $59,776,230.80. This trade represents a 1.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,828 shares of company stock valued at $16,917,365 in the last three months. 1.07% of the stock is currently 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.