National Beverage Corp. (NASDAQ:FIZZ) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 323.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 643 shares of the company’s stock after purchasing an additional 491 shares during the quarter. Blue Trust Inc.’s holdings in National Beverage were worth $33,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new stake in National Beverage in the second quarter valued at approximately $31,000. Quarry LP grew its position in National Beverage by 584.9% in the second quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after acquiring an additional 544 shares in the last quarter. Quest Partners LLC acquired a new stake in National Beverage in the second quarter valued at approximately $34,000. Headlands Technologies LLC grew its position in National Beverage by 760.2% in the second quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after acquiring an additional 745 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in National Beverage by 45.0% in the second quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock valued at $57,000 after acquiring an additional 344 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered 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 Up 1.3 %

Shares of NASDAQ:FIZZ opened at $45.77 on Friday. National Beverage Corp. has a 52-week low of $42.85 and a 52-week high of $53.58. The company has a 50 day moving average of $45.53 and a two-hundred day moving average of $46.83. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 23.23 and a beta of 0.83.

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

National Beverage Company 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.