Thrivent Financial for Lutherans Lowers Stock Position in National Beverage Corp. (NASDAQ:FIZZ)

Thrivent Financial for Lutherans trimmed its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,089 shares of the company’s stock after selling 283 shares during the quarter. Thrivent Financial for Lutherans’ holdings in National Beverage were worth $772,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. bought a new stake in National Beverage during the 4th quarter valued at $40,000. KBC Group NV lifted its stake in shares of 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 purchasing an additional 640 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 484 shares during the last quarter. Jones Financial Companies Lllp boosted its position in National Beverage by 158.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company’s stock valued at $102,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in National Beverage by 78.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,171 shares of the company’s stock valued at $135,000 after purchasing an additional 1,390 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

National Beverage Stock Down 1.5 %

NASDAQ:FIZZ opened at $41.70 on Thursday. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 20.95 and a beta of 0.87. National Beverage Corp. has a 52 week low of $38.25 and a 52 week high of $53.48. The firm has a 50 day moving average of $40.74 and a 200 day moving average of $44.15.

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

Analysts Set New Price Targets

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

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.