BNP Paribas Financial Markets Decreases Stake in National Beverage Corp. (NASDAQ:FIZZ)

BNP Paribas Financial Markets decreased its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 14.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,598 shares of the company’s stock after selling 2,700 shares during the quarter. BNP Paribas Financial Markets’ holdings in National Beverage were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FIZZ. Canada Pension Plan Investment Board acquired a new position in shares of National Beverage during the 2nd quarter worth approximately $31,000. Quarry LP boosted its stake in National Beverage by 584.9% during the second quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after buying an additional 544 shares during the last quarter. Blue Trust Inc. grew its holdings in National Beverage by 323.0% in the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $33,000 after buying an additional 491 shares in the last quarter. Quest Partners LLC purchased a new position in shares of National Beverage during the 2nd quarter worth $34,000. Finally, Headlands Technologies LLC boosted its position in shares of National Beverage by 760.2% during the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after acquiring an additional 745 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their target price on shares of 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 Trading Up 0.4 %

FIZZ stock opened at $46.99 on Friday. The business’s fifty day moving average price is $47.27 and its 200 day moving average price is $47.34. National Beverage Corp. has a 12-month low of $42.85 and a 12-month high of $53.58. The company has a market capitalization of $4.40 billion, a PE ratio of 23.61 and a beta of 0.83.

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.