BellRing Brands, Inc. (NYSE:BRBR) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 16.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 633,407 shares of the company’s stock after selling 122,945 shares during the period. Allianz Asset Management GmbH owned 0.49% of BellRing Brands worth $47,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Braun Stacey Associates Inc. purchased a new stake in BellRing Brands in the third quarter valued at $18,680,000. Charles Schwab Investment Management Inc. raised its position in BellRing Brands by 35.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock valued at $76,949,000 after purchasing an additional 333,287 shares during the period. Pallas Capital Advisors LLC raised its position in BellRing Brands by 152.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock valued at $1,264,000 after purchasing an additional 10,117 shares during the period. Banco Santander S.A. purchased a new stake in BellRing Brands in the third quarter valued at $672,000. Finally, Empowered Funds LLC raised its position in BellRing Brands by 151.4% in the third quarter. Empowered Funds LLC now owns 69,844 shares of the company’s stock valued at $4,241,000 after purchasing an additional 42,059 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. DA Davidson restated a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Bank of America upped their price target on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial upped their price target on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, Barclays upped their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.87.

BellRing Brands Price Performance

NYSE BRBR opened at $72.99 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 $9.36 billion, a P/E ratio of 34.27, a PEG ratio of 2.24 and a beta of 0.86. The business has a 50 day moving average price of $75.61 and a 200 day moving average price of $68.47.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating 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%. On average, research analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the sale, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. This represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 203,636 shares of company stock worth $15,581,650. 1.07% of the stock is owned by insiders.

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.