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

Vontobel Holding Ltd. decreased its holdings in shares of BellRing Brands, Inc. (NYSE:BRBR - Free Report) by 83.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,936 shares of the company's stock after selling 65,574 shares during the quarter. Vontobel Holding Ltd.'s holdings in BellRing Brands were worth $717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of BellRing Brands by 59.2% in the third quarter. Allworth Financial LP now owns 1,008 shares of the company's stock worth $42,000 after purchasing an additional 375 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of BellRing Brands by 108.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the company's stock worth $50,000 after purchasing an additional 636 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in shares of BellRing Brands in the fourth quarter worth $56,000. Mosaic Family Wealth Partners LLC bought a new position in shares of BellRing Brands in the fourth quarter worth $220,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of BellRing Brands in the third quarter worth $221,000. Institutional investors own 94.97% of the company's stock.

BellRing Brands Price Performance

NYSE BRBR traded up $1.13 during trading on Monday, hitting $55.11. 994,753 shares of the company's stock traded hands, compared to its average volume of 1,228,641. The stock has a fifty day moving average of $57.84 and a two-hundred day moving average of $53.37. BellRing Brands, Inc. has a 12-month low of $34.58 and a 12-month high of $62.76. The firm has a market cap of $7.22 billion, a P/E ratio of 44.44, a PEG ratio of 2.05 and a beta of 0.83.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The business had revenue of $430.40 million during the quarter, compared to analyst estimates of $407.91 million. As a group, analysts expect that BellRing Brands, Inc. will post 1.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on BRBR shares. Morgan Stanley upped their price target on shares of BellRing Brands from $61.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, March 7th. Stephens reaffirmed an "equal weight" rating and issued a $51.00 price target on shares of BellRing Brands in a report on Tuesday, February 6th. Truist Financial cut BellRing Brands from a "buy" rating to a "hold" rating and reduced their target price for the company from $55.00 to $50.00 in a research note on Wednesday, January 3rd. Stifel Nicolaus increased their target price on BellRing Brands from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Finally, Mizuho increased their target price on BellRing Brands from $57.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, BellRing Brands currently has an average rating of "Moderate Buy" and a consensus target price of $57.62.

Insider Buying and Selling at BellRing Brands

In related news, Director Elliot Stein, Jr. sold 1,000 shares of the firm's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total value of $57,810.00. Following the sale, the director now directly owns 24,646 shares of the company's stock, valued at $1,424,785.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% 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.