BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lowered its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 684,069 shares of the company's stock after selling 140,375 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.53% of BellRing Brands worth $51,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BRBR. Pinebridge Investments L.P. boosted its position in shares of BellRing Brands by 195.7% during the fourth quarter. Pinebridge Investments L.P. now owns 67,084 shares of the company's stock worth $5,054,000 after purchasing an additional 44,396 shares in the last quarter. Hsbc Holdings PLC increased its position in BellRing Brands by 155.7% during the fourth quarter. Hsbc Holdings PLC now owns 13,594 shares of the company's stock worth $1,031,000 after buying an additional 8,278 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of BellRing Brands during the fourth quarter worth approximately $218,000. TD Waterhouse Canada Inc. boosted its stake in shares of BellRing Brands by 83.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,577 shares of the company's stock valued at $119,000 after buying an additional 719 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of BellRing Brands by 9.0% in the fourth quarter. MetLife Investment Management LLC now owns 72,844 shares of the company's stock valued at $5,488,000 after buying an additional 6,028 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

Insider Buying and Selling

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total value of $239,814.96. Following the completion of the transaction, the insider now directly owns 57,836 shares of the company's stock, valued at approximately $4,345,218.68. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert V. Vitale sold 15,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were 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 directly owns 818,180 shares of the company's stock, valued at $59,776,230.80. The trade was a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 221,828 shares of company stock valued at $16,917,365 over the last quarter. 1.07% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BRBR has been the topic of a number of research reports. Citigroup boosted their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Mizuho boosted their price target 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. Stephens reissued an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. TD Cowen boosted their price objective on BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, UBS Group began coverage on BellRing Brands in a report on Wednesday, April 23rd. They set a "neutral" rating and a $81.00 price objective for the company. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, BellRing Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.25.

BellRing Brands Stock Up 1.0 %

NYSE BRBR traded up $0.74 during trading hours on Tuesday, hitting $75.78. 268,794 shares of the company were exchanged, compared to its average volume of 1,210,355. The stock has a 50-day moving average price of $72.24 and a 200 day moving average price of $73.23. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The stock has a market cap of $9.72 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.24 and a beta of 0.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share 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, sell-side analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

BellRing Brands announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

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.