Principal Financial Group Inc. Reduces Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Principal Financial Group Inc. lowered its position in National Beverage Corp. (NASDAQ:FIZZ) by 4.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 110,838 shares of the company’s stock after selling 5,398 shares during the period. Principal Financial Group Inc. owned 0.12% of National Beverage worth $5,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIZZ. Canada Pension Plan Investment Board purchased a new stake in shares of National Beverage in the second quarter valued at approximately $31,000. Quarry LP boosted its stake in National Beverage by 584.9% during the second quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after buying an additional 544 shares during the last quarter. Blue Trust Inc. grew its holdings in 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 buying an additional 491 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of National Beverage in the 2nd quarter worth $34,000. Finally, Headlands Technologies LLC raised its holdings 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 acquiring an additional 745 shares during the period. Institutional investors and hedge funds own 23.95% of the company’s stock.

Insider Activity

In related news, Director Cecil D. Conlee sold 2,736 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the transaction, the director now owns 53,744 shares of the company’s stock, valued at approximately $2,526,505.44. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 74.80% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group cut their price objective on shares of 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 Stock Performance

FIZZ stock opened at $42.40 on Friday. The firm has a market cap of $3.97 billion, a PE ratio of 21.31 and a beta of 0.83. National Beverage Corp. has a one year low of $42.18 and a one year high of $53.58. The firm’s 50 day moving average price is $46.93 and its 200-day moving average price is $47.10.

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.