Truist Financial Corp Lowers Position in National Beverage Corp. (NASDAQ:FIZZ)

Truist Financial Corp decreased its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 32.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,909 shares of the company’s stock after selling 2,889 shares during the quarter. Truist Financial Corp’s holdings in National Beverage were worth $303,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new position in shares of National Beverage during the 2nd quarter valued at about $31,000. Quarry LP lifted its position in shares of National Beverage by 584.9% in the second quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after buying an additional 544 shares in the last quarter. Quest Partners LLC bought a new position in National Beverage during the second quarter valued at approximately $34,000. Headlands Technologies LLC grew its holdings in National Beverage by 760.2% during the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after buying an additional 745 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in National Beverage by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock worth $57,000 after acquiring an additional 344 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their target price 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 Stock Down 1.8 %

Shares of NASDAQ:FIZZ opened at $45.91 on Friday. The firm has a fifty day simple moving average of $45.56 and a two-hundred day simple moving average of $46.98. The stock has a market capitalization of $4.30 billion, a P/E ratio of 23.30 and a beta of 0.82. National Beverage Corp. has a 52 week low of $42.85 and a 52 week high of $53.58.

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

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.