Charles Schwab Investment Management Inc. Buys 7,075 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Charles Schwab Investment Management Inc. raised its holdings in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 271,658 shares of the company's stock after buying an additional 7,075 shares during the period. Charles Schwab Investment Management Inc. owned about 0.29% of National Beverage worth $11,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new position in shares of National Beverage in the fourth quarter valued at approximately $40,000. KBC Group NV boosted its holdings in National Beverage by 89.3% during the fourth 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 boosted its stake in shares of National Beverage by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock worth $68,000 after buying an additional 484 shares during the last quarter. Jones Financial Companies Lllp boosted its position in National Beverage by 158.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company's stock worth $102,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of National Beverage by 78.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,171 shares of the company's stock worth $135,000 after buying an additional 1,390 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

Separately, UBS Group lowered 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 Price Performance

Shares of FIZZ traded down $0.18 during midday trading on Tuesday, hitting $40.18. 148,027 shares of the company traded hands, compared to its average volume of 173,342. The stock has a 50-day moving average of $40.94 and a 200-day moving average of $44.30. The firm has a market cap of $3.76 billion, a P/E ratio of 20.19 and a beta of 0.87. National Beverage Corp. has a one year low of $38.25 and a one year high of $53.48.

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 analysts' consensus estimates of $0.45 by ($0.03). National Beverage had a net margin of 15.63% and a return on equity of 42.80%. The business had revenue of $267.05 million for the quarter, compared to the consensus estimate of $282.22 million.

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.