Clifford Swan Investment Counsel LLC Sells 6,520 Shares of BellRing Brands, Inc. (NYSE:BRBR)

Clifford Swan Investment Counsel LLC lessened its stake in BellRing Brands, Inc. (NYSE:BRBR) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,453 shares of the company’s stock after selling 6,520 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in BellRing Brands were worth $2,822,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in BellRing Brands in the 4th quarter worth approximately $4,660,000. Allegiance Financial Group Advisory Services LLC bought a new stake in BellRing Brands in the 4th quarter worth approximately $243,000. Argonautica Private Wealth Management Inc. grew its position in BellRing Brands by 3.0% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock worth $472,000 after purchasing an additional 185 shares during the period. Lake Street Advisors Group LLC bought a new stake in BellRing Brands during the fourth quarter valued at approximately $238,000. Finally, FourThought Financial Partners LLC bought a new stake in BellRing Brands during the fourth quarter valued at approximately $227,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Up 4.1 %

Shares of BRBR stock opened at $73.36 on Friday. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 34.44, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The stock’s 50-day moving average price is $75.13 and its 200-day moving average price is $69.10.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the transaction, the director now directly owns 1,110,004 shares of the company’s stock, valued at $85,370,407.64. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 218,636 shares of company stock worth $16,677,550. Insiders own 1.07% of the company’s stock.

Analyst Upgrades and Downgrades

BRBR has been the subject of several recent research reports. Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Stephens restated an “equal weight” rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Bank of America boosted their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays boosted their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.87.

About BellRing Brands

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.