BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 49.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,893 shares of the company's stock after selling 5,841 shares during the period. Vontobel Holding Ltd.'s holdings in BellRing Brands were worth $444,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $41,000 after purchasing an additional 474 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company's stock valued at $43,000 after buying an additional 234 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the third quarter valued at $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of BellRing Brands during the fourth quarter valued at $52,000. Finally, Fifth Third Bancorp grew its holdings 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 buying an additional 153 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert V. Vitale sold 44,249 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $77.37, for a total transaction of $3,423,545.13. Following the completion of the transaction, the director now owns 938,457 shares in the company, valued at $72,608,418.09. This represents a 4.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 156,870 shares of company stock worth $12,087,294 in the last 90 days. Insiders own 1.07% of the company's stock.

BellRing Brands Stock Down 1.6 %

Shares of BRBR stock traded down $1.18 during mid-day trading on Friday, hitting $72.99. 1,992,299 shares of the stock were exchanged, compared to its average volume of 1,169,021. The firm has a fifty day moving average of $75.72 and a 200 day moving average of $68.20. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The company has a market cap of $9.36 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86.

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

Analysts Set New Price Targets

BRBR has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Stephens reissued an "equal weight" rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Evercore ISI boosted their price objective 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. Stifel Nicolaus boosted their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group upped their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of "Moderate Buy" and a consensus target price of $77.87.

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.