American Century Companies Inc. Increases Stake in National Beverage Corp. (NASDAQ:FIZZ)

American Century Companies Inc. increased its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 11.5% in the second quarter, Holdings Channel.com reports. The firm owned 26,261 shares of the company’s stock after acquiring an additional 2,709 shares during the period. American Century Companies Inc.’s holdings in National Beverage were worth $1,346,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in 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. Nisa Investment Advisors LLC boosted its position 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 valued at $529,000 after buying an additional 9,421 shares during the period. J.W. Cole Advisors Inc. boosted its position 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 valued at $1,026,000 after buying an additional 815 shares during the period. Headlands Technologies LLC boosted its position in National Beverage by 760.2% during the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after buying an additional 745 shares during the period. Finally, Texas Permanent School Fund Corp boosted its position in National Beverage by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 20,434 shares of the company’s stock valued at $970,000 after buying an additional 273 shares during the period. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Trading Up 1.7 %

NASDAQ:FIZZ opened at $46.58 on Monday. The company has a 50-day moving average price of $46.33 and a 200-day moving average price of $47.17. National Beverage Corp. has a 12 month low of $42.85 and a 12 month high of $53.58. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 24.65 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ) last posted 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. National Beverage had a net margin of 15.36% and a return on equity of 39.91%. The firm had revenue of $329.47 million during the quarter.

Analyst Ratings Changes

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.

Insider Transactions at National Beverage

In other news, Director Cecil D. Conlee sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $50.11, for a total value of $501,100.00. Following the completion of the sale, the director now directly owns 56,480 shares of the company’s stock, valued at approximately $2,830,212.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Stanley Michael Sheridan sold 16,000 shares of the stock in a transaction dated 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 approximately $3,963,879.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cecil D. Conlee sold 10,000 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $50.11, for a total transaction of $501,100.00. Following the completion of the transaction, the director now owns 56,480 shares of the company’s stock, valued at $2,830,212.80. The disclosure for this sale can be found here. Corporate 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.