Headlands Technologies LLC Raises Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Headlands Technologies LLC increased its position in National Beverage Corp. (NASDAQ:FIZZ) by 760.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 843 shares of the company’s stock after buying an additional 745 shares during the period. Headlands Technologies LLC’s holdings in National Beverage were worth $43,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in National Beverage by 39.8% in the fourth quarter. Victory Capital Management Inc. now owns 12,046 shares of the company’s stock worth $599,000 after acquiring an additional 3,428 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in National Beverage by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,371 shares of the company’s stock valued at $15,481,000 after acquiring an additional 10,239 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of National Beverage by 65.8% in the fourth quarter. Teacher Retirement System of Texas now owns 11,495 shares of the company’s stock valued at $572,000 after acquiring an additional 4,563 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of National Beverage by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,101,778 shares of the company’s stock worth $54,780,000 after acquiring an additional 39,985 shares during the last quarter. Finally, Norges Bank purchased a new stake in National Beverage in the 4th quarter worth about $10,309,000. 23.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

National Beverage Stock Up 2.6 %

National Beverage stock opened at $45.65 on Wednesday. The firm has a market cap of $4.27 billion, a P/E ratio of 24.15 and a beta of 0.82. The business has a fifty day moving average of $47.09 and a two-hundred day moving average of $47.38. National Beverage Corp. has a twelve month low of $42.85 and a twelve month high of $53.58.

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

Insider Buying and Selling

In other news, Director Cecil D. Conlee sold 10,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $50.11, for a total transaction of $501,100.00. Following the transaction, the director now directly owns 56,480 shares of the company’s stock, valued at $2,830,212.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Stanley Michael Sheridan sold 16,000 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $51.81, for a total transaction of $828,960.00. Following the transaction, the director now owns 76,508 shares in the company, valued at $3,963,879.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $501,100.00. Following the completion of the sale, 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. 75.00% of the stock is currently owned by company insiders.

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.