Rhumbline Advisers Cuts Stock Position in National Beverage Corp. (NASDAQ:FIZZ)

Rhumbline Advisers lowered its position in National Beverage Corp. (NASDAQ:FIZZ) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,877 shares of the company’s stock after selling 1,370 shares during the period. Rhumbline Advisers’ holdings in National Beverage were worth $4,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of FIZZ. GAMMA Investing LLC grew its holdings in shares of National Beverage by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock worth $57,000 after acquiring an additional 344 shares during the period. ProShare Advisors LLC boosted its position in National Beverage by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,773 shares of the company’s stock worth $227,000 after acquiring an additional 330 shares during the last quarter. SG Americas Securities LLC grew its position in shares of National Beverage by 120.3% in the first quarter. SG Americas Securities LLC now owns 7,767 shares of the company’s stock valued at $369,000 after purchasing an additional 4,242 shares during the period. Nisa Investment Advisors LLC grew its holdings in National Beverage by 3,226.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,713 shares of the company’s stock valued at $529,000 after buying an additional 9,421 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of National Beverage during the 1st quarter valued at about $562,000. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group dropped their price target on shares of National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a research report on Tuesday, September 10th.

National Beverage Price Performance

NASDAQ FIZZ opened at $44.51 on Tuesday. National Beverage Corp. has a 1-year low of $42.85 and a 1-year high of $53.58. The firm has a market capitalization of $4.17 billion, a P/E ratio of 23.55 and a beta of 0.82. The business’s 50-day simple moving average is $47.19 and its 200-day simple moving average is $47.42.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $329.47 million during the quarter. National Beverage had a net margin of 15.36% and a return on equity of 39.91%.

Insider Transactions at National Beverage

In other news, Director Stanley Michael Sheridan sold 16,000 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $51.81, for a total value of $828,960.00. Following the completion of the transaction, the director now directly owns 76,508 shares in the company, valued at $3,963,879.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Stanley Michael Sheridan sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $51.81, for a total transaction of $828,960.00. Following the completion of the sale, the director now owns 76,508 shares of the company’s stock, valued at $3,963,879.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cecil D. Conlee sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $50.11, for a total transaction of $501,100.00. Following the completion of the sale, the director now owns 56,480 shares in the company, valued at approximately $2,830,212.80. The disclosure for this sale can be found here. Company insiders own 75.00% of the company’s stock.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.