Louisiana State Employees Retirement System Cuts Position in National Beverage Corp. (NASDAQ:FIZZ)

Louisiana State Employees Retirement System lessened its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,300 shares of the company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in National Beverage were worth $530,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Illinois Municipal Retirement Fund boosted its stake in shares of National Beverage by 1.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 13,452 shares of the company’s stock worth $638,000 after buying an additional 238 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of National Beverage by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the company’s stock worth $842,000 after buying an additional 252 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of National Beverage by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 20,434 shares of the company’s stock worth $970,000 after buying an additional 273 shares during the last quarter. Willis Investment Counsel boosted its stake in shares of National Beverage by 5.0% in the 3rd quarter. Willis Investment Counsel now owns 6,274 shares of the company’s stock worth $295,000 after buying an additional 296 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of National Beverage by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,773 shares of the company’s stock worth $227,000 after buying an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Trading Up 0.5 %

National Beverage stock opened at $47.93 on Wednesday. National Beverage Corp. has a 12 month low of $42.85 and a 12 month high of $53.58. The business’s 50 day simple moving average is $45.63 and its 200 day simple moving average is $46.88. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 24.33 and a beta of 0.83.

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

Wall Street Analysts Forecast Growth

Separately, UBS Group cut their target price 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 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.