Bridges Investment Management Inc. Acquires Shares of 5,472 National Beverage Corp. (NASDAQ:FIZZ)

Bridges Investment Management Inc. acquired a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) during the second quarter, Holdings Channel reports. The fund acquired 5,472 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund grew its position in National Beverage by 1.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 13,452 shares of the company’s stock worth $638,000 after purchasing an additional 238 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of National Beverage by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 20,434 shares of the company’s stock valued at $970,000 after acquiring an additional 273 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of National Beverage by 0.3% during the first quarter. Principal Financial Group Inc. now owns 121,734 shares of the company’s stock valued at $5,777,000 after acquiring an additional 315 shares during the last quarter. ProShare Advisors LLC lifted its holdings 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 period. Finally, GAMMA Investing LLC boosted its position in National Beverage by 45.0% in the second quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock worth $57,000 after purchasing an additional 344 shares during the last quarter. Institutional investors own 23.95% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered 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 Down 0.8 %

National Beverage stock opened at $46.32 on Monday. The firm has a 50 day moving average price of $46.86 and a 200-day moving average price of $47.27. National Beverage Corp. has a twelve month low of $42.85 and a twelve month high of $53.58. The company has a market capitalization of $4.33 billion, a P/E ratio of 24.51 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, September 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business 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%.

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.