Atria Investments Inc Sells 724 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Atria Investments Inc lessened its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 7.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,802 shares of the company’s stock after selling 724 shares during the period. Atria Investments Inc’s holdings in National Beverage were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Franklin Resources Inc. lifted its stake in shares of National Beverage by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 11,547 shares of the company’s stock worth $528,000 after purchasing an additional 383 shares during the period. GAMMA Investing LLC raised its stake in National Beverage by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 1,594 shares of the company’s stock worth $68,000 after acquiring an additional 484 shares during the period. Linden Thomas Advisory Services LLC raised its stake in National Beverage by 1.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 37,256 shares of the company’s stock worth $1,590,000 after acquiring an additional 564 shares during the period. KBC Group NV raised its stake in National Beverage by 89.3% during the 4th quarter. KBC Group NV now owns 1,357 shares of the company’s stock worth $58,000 after acquiring an additional 640 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in National Beverage by 5.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 12,916 shares of the company’s stock worth $551,000 after acquiring an additional 663 shares during the period. Institutional investors own 23.95% of the company’s stock.

National Beverage Trading Down 1.1 %

NASDAQ FIZZ opened at $40.12 on Monday. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $53.48. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 20.16 and a beta of 0.87. The company’s 50 day moving average is $41.30 and its two-hundred day moving average is $44.53.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). National Beverage had a net margin of 15.63% and a return on equity of 42.80%. The company had revenue of $267.05 million for the quarter, compared to analysts’ expectations of $282.22 million.

Analysts Set New Price Targets

Separately, UBS Group decreased their target price on shares of National Beverage from $46.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th.

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.