BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its position in BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 25.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 901,423 shares of the company's stock after selling 302,065 shares during the quarter. Principal Financial Group Inc. owned 0.70% of BellRing Brands worth $54,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of BellRing Brands by 1,007.4% during the 1st quarter. SG Americas Securities LLC now owns 68,349 shares of the company's stock valued at $4,035,000 after purchasing an additional 62,177 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BellRing Brands by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company's stock worth $138,482,000 after purchasing an additional 86,992 shares in the last quarter. WINTON GROUP Ltd raised its position in BellRing Brands by 186.5% during the second quarter. WINTON GROUP Ltd now owns 44,642 shares of the company's stock valued at $2,551,000 after acquiring an additional 29,060 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of BellRing Brands in the first quarter valued at approximately $1,021,000. Finally, Federated Hermes Inc. grew its stake in shares of BellRing Brands by 28.0% in the second quarter. Federated Hermes Inc. now owns 474,168 shares of the company's stock worth $27,094,000 after acquiring an additional 103,604 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BRBR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on BellRing Brands from $67.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, July 25th. Bank of America increased their price target on BellRing Brands from $67.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Barclays upped their price objective on BellRing Brands from $68.00 to $74.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Evercore ISI raised their price objective on BellRing Brands from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their price objective on BellRing Brands from $65.00 to $64.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, BellRing Brands presently has an average rating of "Moderate Buy" and an average target price of $66.14.

BellRing Brands Trading Up 1.0 %

NYSE:BRBR traded up $0.68 during trading hours on Monday, reaching $71.37. 655,505 shares of the company traded hands, compared to its average volume of 1,204,837. The stock has a market capitalization of $9.22 billion, a P/E ratio of 42.71, a P/E/G ratio of 1.65 and a beta of 0.84. The business's 50-day moving average price is $62.35 and its two-hundred day moving average price is $58.16. BellRing Brands, Inc. has a 1 year low of $44.37 and a 1 year high of $71.52.

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.