Martingale Asset Management L P Sells 13,908 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Martingale Asset Management L P lowered its stake in BellRing Brands, Inc. (NYSE:BRBRGet Rating) by 62.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,351 shares of the company’s stock after selling 13,908 shares during the period. Martingale Asset Management L P’s holdings in BellRing Brands were worth $209,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its position in shares of BellRing Brands by 214.0% in the 1st quarter. Teacher Retirement System of Texas now owns 24,176 shares of the company’s stock worth $558,000 after purchasing an additional 16,476 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in BellRing Brands by 239.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,616 shares of the company’s stock worth $799,000 after purchasing an additional 24,406 shares during the period. UMB Bank n.a. bought a new position in BellRing Brands in the 2nd quarter worth approximately $1,342,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in BellRing Brands by 215.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,466 shares of the company’s stock worth $1,206,000 after purchasing an additional 33,081 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in BellRing Brands by 5.3% in the 2nd quarter. Lazard Asset Management LLC now owns 25,296 shares of the company’s stock worth $629,000 after purchasing an additional 1,266 shares during the period. Institutional investors own 81.45% of the company’s stock.

BellRing Brands Stock Performance

NYSE:BRBR opened at $24.30 on Thursday. The stock’s fifty day moving average is $23.07 and its 200 day moving average is $24.11. BellRing Brands, Inc. has a fifty-two week low of $20.20 and a fifty-two week high of $29.09. The firm has a market capitalization of $3.31 billion, a PE ratio of 31.56, a PEG ratio of 1.29 and a beta of 0.91.

Analyst Ratings Changes

Several brokerages have recently issued reports on BRBR. Truist Financial decreased their price objective on BellRing Brands from $30.00 to $25.00 in a report on Monday. Citigroup reaffirmed a “buy” rating and set a $35.00 price objective on shares of BellRing Brands in a report on Tuesday, August 23rd. Morgan Stanley decreased their price objective on BellRing Brands from $29.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, October 14th. Finally, Mizuho upped their price objective on BellRing Brands from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, August 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.14.

BellRing Brands Company Profile

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BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

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Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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