Dimensional Fund Advisors LP Sells 78,156 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Dimensional Fund Advisors LP cut its position in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,371,446 shares of the company's stock after selling 78,156 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.84% of BellRing Brands worth $178,666,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BRBR. MML Investors Services LLC grew its position in BellRing Brands by 8.9% during the third quarter. MML Investors Services LLC now owns 5,832 shares of the company's stock valued at $354,000 after acquiring an additional 476 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BellRing Brands in the 3rd quarter valued at $439,000. Wilmington Savings Fund Society FSB bought a new position in shares of BellRing Brands during the 3rd quarter valued at $338,000. Franklin Resources Inc. raised its position in BellRing Brands by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company's stock worth $285,646,000 after purchasing an additional 380,216 shares during the period. Finally, GAMMA Investing LLC lifted its stake in BellRing Brands by 134.5% in the fourth quarter. GAMMA Investing LLC now owns 2,064 shares of the company's stock worth $156,000 after purchasing an additional 1,184 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Performance

Shares of NYSE BRBR traded up $0.54 during mid-day trading on Tuesday, hitting $75.58. 203,958 shares of the stock traded hands, compared to its average volume of 1,210,100. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 2.24 and a beta of 0.78. The stock has a fifty 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.

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

BellRing Brands declared that its board has initiated a stock repurchase plan on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In other news, Director Robert V. Vitale sold 15,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the completion of the transaction, the director now directly owns 818,180 shares in the company, valued at $59,776,230.80. This trade represents a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas J. Cornille sold 3,192 shares of BellRing Brands stock in a transaction dated 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. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 221,828 shares of company stock valued at $16,917,365. Corporate insiders own 1.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BRBR shares. Mizuho raised their price objective on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Stephens reaffirmed an "equal weight" rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. Morgan Stanley began coverage on BellRing Brands in a research note on Monday, March 24th. They set an "overweight" rating and a $84.00 price objective for the company. UBS Group assumed coverage on shares of BellRing Brands in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $81.00 target price on the stock. Finally, TD Cowen increased their price target on shares of BellRing Brands from $83.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $79.25.

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.