Clifford Swan Investment Counsel LLC Reduces Position in BellRing Brands, Inc. (NYSE:BRBR)

Clifford Swan Investment Counsel LLC lowered its holdings in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,453 shares of the company's stock after selling 6,520 shares during the period. Clifford Swan Investment Counsel LLC's holdings in BellRing Brands were worth $2,822,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Wasatch Advisors LP boosted its stake in BellRing Brands by 8.0% in the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company's stock worth $406,903,000 after buying an additional 494,669 shares in the last quarter. Franklin Resources Inc. raised its holdings in BellRing Brands by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company's stock valued at $285,646,000 after buying an additional 380,216 shares during the last quarter. State Street Corp grew its holdings in BellRing Brands by 1.3% in the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company's stock worth $236,001,000 after acquiring an additional 50,339 shares during the last quarter. Wellington Management Group LLP increased its position in shares of BellRing Brands by 11.4% in the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company's stock valued at $167,388,000 after acquiring an additional 281,667 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of BellRing Brands by 21.5% in the third quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company's stock valued at $157,202,000 after acquiring an additional 457,796 shares during the period. Institutional investors own 94.97% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other news, Director Robert V. Vitale sold 15,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was 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 in the company, valued at $59,776,230.80. The trade was a 1.80 % 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. Insiders own 1.07% of the company's stock.

BellRing Brands Stock Performance

Shares of BRBR traded up $1.52 during mid-day trading on Wednesday, reaching $72.67. The company had a trading volume of 2,261,023 shares, compared to its average volume of 1,111,831. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85. The firm has a 50-day moving average price of $74.92 and a 200 day moving average price of $69.43. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on BRBR shares. Deutsche Bank Aktiengesellschaft boosted their price target on BellRing Brands from $73.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. DA Davidson restated a "neutral" rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Evercore ISI lifted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Mizuho upped their price objective 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. Finally, Stifel Nicolaus lifted their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, BellRing Brands currently has an average rating of "Moderate Buy" and an average target price of $77.87.

BellRing Brands Company 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.