Rhumbline Advisers Cuts Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Rhumbline Advisers lessened its position in National Beverage Corp. (NASDAQ:FIZZ) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,877 shares of the company’s stock after selling 1,370 shares during the quarter. Rhumbline Advisers owned about 0.09% of National Beverage worth $4,195,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FIZZ. Norges Bank purchased a new position in National Beverage in the 4th quarter worth approximately $10,309,000. Vanguard Group Inc. lifted its position in National Beverage by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,751,778 shares of the company’s stock worth $136,818,000 after buying an additional 49,441 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in National Beverage by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,101,778 shares of the company’s stock worth $54,780,000 after buying an additional 39,985 shares during the last quarter. PEAK6 Investments LLC grew its holdings in National Beverage by 4,312.5% in the 4th quarter. PEAK6 Investments LLC now owns 33,700 shares of the company’s stock valued at $1,676,000 after buying an additional 34,500 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in shares of National Beverage in the 1st quarter worth $657,000. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

National Beverage Stock Up 0.0 %

Shares of NASDAQ FIZZ opened at $44.51 on Tuesday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 23.55 and a beta of 0.82. National Beverage Corp. has a 52-week low of $42.85 and a 52-week high of $53.58. The business’s 50 day moving average is $47.19 and its two-hundred day moving average is $47.42.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. National Beverage had a net margin of 15.36% and a return on equity of 39.91%. The business had revenue of $329.47 million during the quarter.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related 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 completion of the transaction, the director now owns 56,480 shares in the company, 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 related news, Director Cecil D. Conlee sold 10,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $50.11, for a total value of $501,100.00. Following the transaction, the director now directly owns 56,480 shares of the company’s stock, valued at approximately $2,830,212.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stanley Michael Sheridan sold 16,000 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $51.81, for a total transaction of $828,960.00. Following the completion of the sale, 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 company insiders.

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.