Rhumbline Advisers Has $3.41 Million Stake in National Beverage Corp. (NASDAQ:FIZZ)

Rhumbline Advisers reduced its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,878 shares of the company’s stock after selling 716 shares during the quarter. Rhumbline Advisers owned about 0.09% of National Beverage worth $3,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FIZZ. Asset Management One Co. Ltd. acquired a new position in National Beverage during the fourth quarter valued at approximately $746,000. Allspring Global Investments Holdings LLC grew its holdings in shares of National Beverage by 1,292.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company’s stock valued at $1,156,000 after buying an additional 25,311 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of National Beverage in the 4th quarter valued at $40,000. Pacer Advisors Inc. lifted its holdings in National Beverage by 78.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,171 shares of the company’s stock worth $135,000 after acquiring an additional 1,390 shares in the last quarter. Finally, KBC Group NV grew its stake in National Beverage by 89.3% in the fourth quarter. KBC Group NV now owns 1,357 shares of the company’s stock valued at $58,000 after acquiring an additional 640 shares during the period. 23.95% of the stock is owned by institutional investors.

National Beverage Stock Up 0.6 %

National Beverage stock opened at $39.83 on Friday. The company has a 50 day moving average of $41.76 and a 200-day moving average of $44.87. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $53.48. The stock has a market capitalization of $3.73 billion, a PE ratio of 20.02 and a beta of 0.84.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Thursday, December 5th. The company reported $0.49 earnings per share for the quarter. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

Insider Transactions at National Beverage

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total value of $128,619.36. Following the sale, the director now owns 53,744 shares in the company, valued at approximately $2,526,505.44. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 74.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their price target on National Beverage from $46.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday.

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.