Victory Capital Management Inc. Increases Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Victory Capital Management Inc. lifted its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,682 shares of the company’s stock after buying an additional 922 shares during the quarter. Victory Capital Management Inc.’s holdings in National Beverage were worth $752,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of National Beverage by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,751,778 shares of the company’s stock valued at $136,818,000 after buying an additional 49,441 shares during the period. Dimensional Fund Advisors LP increased its holdings in National Beverage by 3.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,101,778 shares of the company’s stock worth $54,780,000 after purchasing an additional 39,985 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in National Beverage by 3,226.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,713 shares of the company’s stock worth $529,000 after purchasing an additional 9,421 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in National Beverage by 3.9% during the 1st quarter. J.W. Cole Advisors Inc. now owns 21,615 shares of the company’s stock worth $1,026,000 after purchasing an additional 815 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in National Beverage by 65.8% during the 4th quarter. Teacher Retirement System of Texas now owns 11,495 shares of the company’s stock worth $572,000 after purchasing an additional 4,563 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at National Beverage

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

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their price objective on National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a report on Tuesday, September 10th.

National Beverage Stock Down 0.8 %

FIZZ stock opened at $46.32 on Friday. National Beverage Corp. has a 52-week low of $42.85 and a 52-week high of $53.58. The stock’s 50 day moving average is $46.86 and its two-hundred day moving average is $47.30. The company has a market capitalization of $4.33 billion, a PE ratio of 24.51 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, September 5th. The company reported $0.61 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 return on equity of 39.91% and a net margin of 15.36%.

About National Beverage

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.