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

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 19.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in BellRing Brands during the 4th quarter worth approximately $114,185,000. Holocene Advisors LP purchased a new position in shares of BellRing Brands during the 3rd quarter valued at $69,998,000. Wellington Management Group LLP increased its holdings in shares of BellRing Brands by 32.6% in the fourth quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company’s stock worth $275,413,000 after purchasing an additional 898,885 shares during the period. Assenagon Asset Management S.A. raised its position in shares of BellRing Brands by 200.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company’s stock worth $74,781,000 after buying an additional 661,774 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in BellRing Brands by 21.5% during 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 buying an additional 457,796 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BellRing Brands

In other news, Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the transaction, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Stephens reaffirmed an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. Barclays raised their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Morgan Stanley assumed coverage on shares of BellRing Brands in a research report on Monday, March 24th. They set an “overweight” rating and a $84.00 target price for the company. Citigroup increased their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, TD Cowen lifted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.13.

BellRing Brands Stock Performance

BRBR stock opened at $75.17 on Wednesday. The firm has a market cap of $9.64 billion, a P/E ratio of 35.29, a P/E/G ratio of 2.24 and a beta of 0.85. The firm’s fifty day moving average is $73.61 and its 200 day moving average is $71.42. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating 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, analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current year.

BellRing Brands announced that its Board of Directors has initiated a share repurchase program on Thursday, March 6th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are 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.