Fuller & Thaler Asset Management Inc. Trims Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Fuller & Thaler Asset Management Inc. decreased its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 684,069 shares of the company's stock after selling 140,375 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.53% of BellRing Brands worth $51,538,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in shares of BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company's stock worth $43,000 after purchasing an additional 234 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in BellRing Brands in the fourth quarter valued at about $52,000. Aster Capital Management DIFC Ltd boosted its stake in BellRing Brands by 747.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 729 shares of the company's stock worth $55,000 after buying an additional 643 shares during the period. EverSource Wealth Advisors LLC boosted its stake in BellRing Brands by 180.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 918 shares of the company's stock worth $69,000 after buying an additional 591 shares during the period. Finally, Fifth Third Bancorp increased 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 valued at $75,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Stephens restated an "equal weight" rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Mizuho upped their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Barclays lifted their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Citigroup increased their target price on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, TD Cowen lifted their target price on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, BellRing Brands has an average rating of "Moderate Buy" and a consensus target price of $79.25.

Insider Transactions at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the firm's stock in a transaction that occurred on 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 owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. This trade 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 can be accessed through this link. Also, insider Douglas J. Cornille sold 3,192 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction 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. The trade was a 5.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 221,828 shares of company stock valued at $16,917,365. 1.07% of the stock is currently owned by corporate insiders.

BellRing Brands Stock Up 0.5 %

NYSE BRBR traded up $0.37 on Friday, hitting $75.17. 873,203 shares of the stock were exchanged, compared to its average volume of 1,215,023. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The company has a 50-day moving average price of $72.29 and a 200-day moving average price of $73.07. The company has a market cap of $9.64 billion, a PE ratio of 35.29, a PEG ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, equities research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its board has initiated a stock repurchase plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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.