National Beverage Corp. (NASDAQ:FIZZ) Stake Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 5.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 18,372 shares of the company’s stock after selling 1,041 shares during the quarter. Thrivent Financial for Lutherans’ holdings in National Beverage were worth $862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in National Beverage by 3,226.4% in the second quarter. Nisa Investment Advisors LLC now owns 9,713 shares of the company’s stock valued at $529,000 after acquiring an additional 9,421 shares during the last quarter. SG Americas Securities LLC grew its holdings in National Beverage by 11.6% during the third quarter. SG Americas Securities LLC now owns 11,066 shares of the company’s stock valued at $519,000 after purchasing an additional 1,146 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of National Beverage by 307.6% in the second quarter. Squarepoint Ops LLC now owns 35,673 shares of the company’s stock valued at $1,828,000 after purchasing an additional 26,920 shares during the period. New York State Teachers Retirement System lifted its stake in shares of National Beverage by 8.3% in the third quarter. New York State Teachers Retirement System now owns 25,713 shares of the company’s stock worth $1,207,000 after buying an additional 1,967 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of National Beverage by 760.2% in the second quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock worth $43,000 after buying an additional 745 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

National Beverage Stock Performance

NASDAQ FIZZ opened at $49.52 on Wednesday. The stock has a 50-day simple moving average of $47.04 and a 200 day simple moving average of $47.26. National Beverage Corp. has a twelve month low of $42.85 and a twelve month high of $53.58. The stock has a market capitalization of $4.64 billion, a PE ratio of 25.14 and a beta of 0.83.

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

Wall Street Analyst Weigh In

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

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.