Bank of New York Mellon Corp Acquires 31,137 Shares of Herbalife Ltd. (NYSE:HLF)

Bank of New York Mellon Corp raised its stake in Herbalife Ltd. (NYSE:HLF) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 410,827 shares of the company’s stock after acquiring an additional 31,137 shares during the quarter. Bank of New York Mellon Corp owned about 0.41% of Herbalife worth $4,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HLF. Charles Schwab Investment Management Inc. raised its position in Herbalife by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,888,191 shares of the company’s stock worth $28,814,000 after purchasing an additional 145,684 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Herbalife during the fourth quarter valued at $258,000. Dimensional Fund Advisors LP lifted its stake in shares of Herbalife by 10.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,523,350 shares of the company’s stock valued at $23,247,000 after acquiring an additional 142,829 shares during the period. Principal Financial Group Inc. boosted its holdings in Herbalife by 28.9% in the fourth quarter. Principal Financial Group Inc. now owns 68,723 shares of the company’s stock valued at $1,049,000 after acquiring an additional 15,427 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Herbalife by 59.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 148,735 shares of the company’s stock worth $2,270,000 after purchasing an additional 55,649 shares during the period.

Insider Transactions at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average cost of $7.11 per share, with a total value of $71,100.00. Following the acquisition, the director now owns 120,000 shares of the company’s stock, valued at $853,200. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

HLF has been the subject of several recent research reports. B. Riley upped their target price on shares of Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Mizuho boosted their target price on Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. DA Davidson increased their price target on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.33.

Herbalife Stock Performance

Shares of HLF opened at $7.42 on Friday. The firm has a market cap of $747.34 million, a P/E ratio of 5.42 and a beta of 1.20. Herbalife Ltd. has a twelve month low of $6.68 and a twelve month high of $15.71. The firm’s 50 day moving average price is $9.47 and its two-hundred day moving average price is $9.70.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.43 by $0.11. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. On average, sell-side analysts anticipate that Herbalife Ltd. will post 1.34 earnings per share for the current fiscal year.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.