Rhumbline Advisers Has $3.41 Million Stock Position in National Beverage Corp. (NASDAQ:FIZZ)

Rhumbline Advisers cut its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,878 shares of the company’s stock after selling 716 shares during the period. Rhumbline Advisers’ holdings in National Beverage were worth $3,408,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FIZZ. Verition Fund Management LLC lifted its stake in National Beverage by 72.3% in the third quarter. Verition Fund Management LLC now owns 148,892 shares of the company’s stock valued at $6,989,000 after acquiring an additional 62,464 shares during the last quarter. Algert Global LLC lifted its holdings in National Beverage by 69.3% during the 3rd quarter. Algert Global LLC now owns 102,098 shares of the company’s stock valued at $4,792,000 after purchasing an additional 41,777 shares during the last quarter. Barclays PLC grew its stake in National Beverage by 389.9% in the 3rd quarter. Barclays PLC now owns 41,810 shares of the company’s stock valued at $1,962,000 after buying an additional 33,275 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of National Beverage by 4.2% during the third quarter. Geode Capital Management LLC now owns 706,076 shares of the company’s stock worth $33,148,000 after purchasing an additional 28,688 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of National Beverage by 1,292.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company’s stock valued at $1,156,000 after acquiring an additional 25,311 shares during the period. 23.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, UBS Group dropped their price objective on shares of National Beverage from $46.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday.

National Beverage Stock Performance

FIZZ opened at $39.83 on Friday. The firm has a market cap of $3.73 billion, a P/E ratio of 20.02 and a beta of 0.84. The business’s fifty day moving average is $41.76 and its 200-day moving average is $44.87. National Beverage Corp. has a 52-week low of $38.25 and a 52-week high of $53.48.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, December 5th. The company reported $0.49 EPS for the quarter. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

Insider Buying and Selling at National Beverage

In other news, Director Cecil D. Conlee sold 2,736 shares of National Beverage stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total value of $128,619.36. Following the transaction, the director now owns 53,744 shares in the company, valued at approximately $2,526,505.44. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 74.80% of the company’s stock.

National Beverage 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.