Bridgewater Associates LP Decreases Position in National Beverage Corp. (NASDAQ:FIZZ)

Bridgewater Associates LP lessened its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 52.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,678 shares of the company's stock after selling 17,131 shares during the period. Bridgewater Associates LP's holdings in National Beverage were worth $736,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of National Beverage by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company's stock worth $58,680,000 after acquiring an additional 40,488 shares during the period. Natixis Advisors LLC raised its position in shares of National Beverage by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 385,397 shares of the company's stock valued at $19,748,000 after buying an additional 2,850 shares during the period. Envestnet Asset Management Inc. grew its position in National Beverage by 13.7% in the second quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company's stock worth $11,337,000 after acquiring an additional 26,729 shares during the period. RK Asset Management LLC raised its position in National Beverage by 0.4% in the third quarter. RK Asset Management LLC now owns 198,744 shares of the company's stock valued at $9,329,000 after purchasing an additional 739 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of National Beverage by 1.7% in the 3rd quarter. Cerity Partners LLC now owns 179,574 shares of the company's stock valued at $8,429,000 after purchasing an additional 2,931 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group reduced their price target on shares of National Beverage from $46.00 to $45.00 and set a "sell" rating on the stock in a research note on Tuesday, September 10th.

National Beverage Price Performance

Shares of FIZZ stock traded down $0.39 during trading on Tuesday, reaching $49.52. The company's stock had a trading volume of 124,469 shares, compared to its average volume of 139,627. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 25.14 and a beta of 0.83. National Beverage Corp. has a 1-year low of $42.85 and a 1-year high of $53.58. The stock's 50-day moving average price is $46.96 and its 200 day moving average price is $47.25.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.61 earnings per share 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 for the quarter.

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.