Cerity Partners LLC Has $8.49 Million Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Cerity Partners LLC grew its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 198,937 shares of the company's stock after purchasing an additional 19,363 shares during the period. Cerity Partners LLC owned approximately 0.21% of National Beverage worth $8,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group acquired a new position in National Beverage during the 4th quarter worth $608,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of National Beverage by 1,292.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company's stock worth $1,156,000 after purchasing an additional 25,311 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in National Beverage by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company's stock worth $11,592,000 after purchasing an additional 7,075 shares in the last quarter. Barclays PLC boosted its stake in shares of National Beverage by 389.9% in the third quarter. Barclays PLC now owns 41,810 shares of the company's stock valued at $1,962,000 after buying an additional 33,275 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in National Beverage during the fourth quarter worth about $746,000. 23.95% of the stock is currently owned by institutional investors and hedge funds.

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National Beverage Stock Down 1.3 %

Shares of National Beverage stock traded down $0.56 during trading hours on Tuesday, hitting $43.33. The company's stock had a trading volume of 103,310 shares, compared to its average volume of 181,745. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $53.48. The business has a fifty day moving average of $40.93 and a 200 day moving average of $43.93. The company has a market capitalization of $4.06 billion, a PE ratio of 21.75 and a beta of 0.94.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Wall Street Analyst Weigh In

Separately, UBS Group reduced their price target on shares of National Beverage from $46.00 to $41.00 and set a "sell" rating on the stock in a report on Thursday, February 27th.

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.