4,440 Shares in National Beverage Corp. (NASDAQ:FIZZ) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in National Beverage Corp. (NASDAQ:FIZZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,440 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in National Beverage by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,769,994 shares of the company’s stock worth $131,464,000 after acquiring an additional 18,216 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in National Beverage by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company’s stock worth $58,680,000 after acquiring an additional 40,488 shares during the last quarter. Natixis Advisors LLC increased its stake in National Beverage by 0.7% during the second quarter. Natixis Advisors LLC now owns 385,397 shares of the company’s stock worth $19,748,000 after acquiring an additional 2,850 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in National Beverage by 13.7% during the second quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company’s stock worth $11,337,000 after acquiring an additional 26,729 shares during the last quarter. Finally, RK Asset Management LLC increased its stake in National Beverage by 0.4% during the third quarter. RK Asset Management LLC now owns 198,744 shares of the company’s stock worth $9,329,000 after acquiring an additional 739 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group reduced their price objective 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 Price Performance

Shares of NASDAQ FIZZ opened at $45.64 on Wednesday. The business’s 50 day moving average is $45.57 and its two-hundred day moving average is $46.90. National Beverage Corp. has a 1-year low of $42.85 and a 1-year high of $53.58. The stock has a market capitalization of $4.27 billion, a P/E ratio of 23.17 and a beta of 0.82.

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

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.