Bridges Investment Management Inc. Takes $280,000 Position in National Beverage Corp. (NASDAQ:FIZZ)

Bridges Investment Management Inc. acquired a new position in National Beverage Corp. (NASDAQ:FIZZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,472 shares of the company’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FIZZ. Charles Schwab Investment Management Inc. grew its position in shares of National Beverage by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,371 shares of the company’s stock valued at $15,481,000 after buying an additional 10,239 shares during the last quarter. Teacher Retirement System of Texas increased its position in National Beverage by 65.8% during the 4th quarter. Teacher Retirement System of Texas now owns 11,495 shares of the company’s stock valued at $572,000 after purchasing an additional 4,563 shares during the period. Dimensional Fund Advisors LP raised its holdings in National Beverage by 3.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,101,778 shares of the company’s stock worth $54,780,000 after purchasing an additional 39,985 shares during the last quarter. Norges Bank acquired a new position in shares of National Beverage in the 4th quarter worth approximately $10,309,000. Finally, Franklin Resources Inc. boosted its stake in shares of National Beverage by 21.7% in the 4th quarter. Franklin Resources Inc. now owns 16,169 shares of the company’s stock valued at $804,000 after purchasing an additional 2,885 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

National Beverage Price Performance

Shares of National Beverage stock opened at $46.32 on Monday. The stock’s 50-day moving average is $46.86 and its 200 day moving average is $47.27. National Beverage Corp. has a one year low of $42.85 and a one year high of $53.58. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 24.51 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ) last posted its quarterly 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. National Beverage had a return on equity of 39.91% and a net margin of 15.36%. The firm had revenue of $329.47 million for the quarter.

Insider Buying and Selling at National Beverage

In other news, Director Stanley Michael Sheridan sold 16,000 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $51.81, for a total transaction of $828,960.00. Following the transaction, the director now owns 76,508 shares of the company’s stock, valued at approximately $3,963,879.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Stanley Michael Sheridan sold 16,000 shares of the 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 transaction, the director now directly owns 76,508 shares in the company, valued at approximately $3,963,879.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cecil D. Conlee sold 10,000 shares of National Beverage 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 sale, the director now directly owns 56,480 shares of the company’s stock, valued at approximately $2,830,212.80. The disclosure for this sale can be found here. Insiders own 75.00% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group lowered their target price on shares of National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a research note 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.