Vontobel Holding Ltd. Lowers Stock Holdings in BellRing Brands, Inc. (NYSE:BRBR)

Vontobel Holding Ltd. lowered its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 49.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,893 shares of the company’s stock after selling 5,841 shares during the quarter. Vontobel Holding Ltd.’s holdings in BellRing Brands were worth $444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after purchasing an additional 474 shares in the last quarter. UMB Bank n.a. boosted its holdings in BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares in the last quarter. Truvestments Capital LLC purchased a new stake in BellRing Brands in the 3rd quarter valued at approximately $44,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in BellRing Brands in the 4th quarter valued at approximately $52,000. Finally, Fifth Third Bancorp boosted its holdings in BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $74.01 on Friday. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67. The company has a market capitalization of $9.49 billion, a P/E ratio of 34.74, a P/E/G ratio of 2.34 and a beta of 0.86. The business has a 50 day moving average price of $75.72 and a 200 day moving average price of $68.20.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data 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 negative return on equity of 130.14% and a net margin of 13.32%. As a group, research analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Mizuho lifted their price objective on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Evercore ISI boosted their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Stephens reissued an “equal weight” rating and set a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. Truist Financial boosted their price target on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price target on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.87.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.30, for a total value of $384,030.00. Following the completion of the transaction, the director now directly owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. The trade was a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 156,870 shares of company stock worth $12,087,294. Insiders own 1.07% of the company’s stock.

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.