ExodusPoint Capital Management LP Cuts Stock Position in National Beverage Corp. (NASDAQ:FIZZ)

ExodusPoint Capital Management LP trimmed its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,568 shares of the company's stock after selling 20,581 shares during the period. ExodusPoint Capital Management LP's holdings in National Beverage were worth $1,219,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. lifted its stake in National Beverage by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 11,547 shares of the company's stock valued at $528,000 after buying an additional 383 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of National Beverage by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock valued at $68,000 after acquiring an additional 484 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of National Beverage by 1.5% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 37,256 shares of the company's stock valued at $1,590,000 after acquiring an additional 564 shares in the last quarter. KBC Group NV boosted its stake in shares of National Beverage by 89.3% in the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock worth $58,000 after acquiring an additional 640 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in shares of National Beverage by 5.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 12,916 shares of the company's stock worth $551,000 after purchasing an additional 663 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their price objective on 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

FIZZ traded down $0.63 on Tuesday, reaching $43.27. 24,120 shares of the company's stock were exchanged, compared to its average volume of 181,420. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $53.48. The stock has a market cap of $4.05 billion, a PE ratio of 21.76 and a beta of 0.94. The stock's fifty day moving average price is $40.93 and its 200-day moving average price is $43.93.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). National Beverage had a return on equity of 42.80% and a net margin of 15.63%. The company had revenue of $267.05 million for the quarter, compared to analyst estimates of $282.22 million.

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.