National Beverage Corp. (NASDAQ:FIZZ) Stake Reduced by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 264,583 shares of the company’s stock after selling 16,479 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.28% of National Beverage worth $12,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in National Beverage by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company’s stock worth $58,680,000 after buying an additional 40,488 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of National Beverage by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 385,397 shares of the company’s stock valued at $19,748,000 after acquiring an additional 2,850 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of National Beverage by 13.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company’s stock worth $11,337,000 after acquiring an additional 26,729 shares in the last quarter. RK Asset Management LLC grew its holdings in shares of National Beverage by 0.4% in the 3rd quarter. RK Asset Management LLC now owns 198,744 shares of the company’s stock worth $9,329,000 after acquiring an additional 739 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of National Beverage by 84.9% during the third quarter. Assenagon Asset Management S.A. now owns 145,172 shares of the company’s stock worth $6,814,000 after purchasing an additional 66,661 shares during the period. Institutional investors and hedge funds own 23.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

National Beverage Price Performance

FIZZ stock opened at $46.32 on Monday. The firm has a market capitalization of $4.34 billion, a P/E ratio of 23.28 and a beta of 0.83. National Beverage Corp. has a 52-week low of $42.85 and a 52-week high of $53.58. The company’s 50 day simple moving average is $47.19 and its 200-day simple moving average is $47.31.

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

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.