Geode Capital Management LLC Purchases 28,688 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Geode Capital Management LLC raised its position in National Beverage Corp. (NASDAQ:FIZZ) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 706,076 shares of the company’s stock after buying an additional 28,688 shares during the quarter. Geode Capital Management LLC owned about 0.75% of National Beverage worth $33,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in National Beverage in the second quarter valued at approximately $31,000. Quarry LP boosted its holdings in shares of National Beverage by 584.9% in the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after purchasing an additional 544 shares in the last quarter. Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 491 shares during the last quarter. Quest Partners LLC acquired a new position in shares of National Beverage during the 2nd quarter worth $34,000. Finally, Headlands Technologies LLC lifted 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 worth $43,000 after buying an additional 745 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

National Beverage Price Performance

FIZZ stock opened at $44.03 on Thursday. National Beverage Corp. has a 1 year low of $42.85 and a 1 year high of $53.58. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 22.13 and a beta of 0.83. The company has a 50 day simple moving average of $47.35 and a 200 day simple moving average of $47.31.

Wall Street Analyst Weigh In

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

Insider Transactions at National Beverage

In related news, Director Cecil D. Conlee sold 2,736 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the sale, the director now owns 53,744 shares in the company, valued at $2,526,505.44. The trade was a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 74.80% of the company’s stock.

About National Beverage

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.