Geode Capital Management LLC Acquires 28,688 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Geode Capital Management LLC lifted its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 706,076 shares of the company's stock after purchasing an additional 28,688 shares during the quarter. Geode Capital Management LLC owned 0.75% of National Beverage worth $33,148,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new position in shares of National Beverage in the second quarter valued at approximately $31,000. Quarry LP lifted its stake in National Beverage by 584.9% in the 2nd quarter. Quarry LP now owns 637 shares of the company's stock worth $33,000 after purchasing an additional 544 shares in the last quarter. Blue Trust Inc. boosted its holdings in National Beverage by 323.0% in the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company's stock valued at $33,000 after purchasing an additional 491 shares during the period. Quest Partners LLC purchased a new position in shares of National Beverage during the 2nd quarter valued at $34,000. Finally, Headlands Technologies LLC increased its holdings in shares of National Beverage by 760.2% in the second quarter. Headlands Technologies LLC now owns 843 shares of the company's stock worth $43,000 after purchasing an additional 745 shares during the period. Hedge funds and other institutional investors own 23.95% of the company's stock.

National Beverage Stock Down 0.5 %

Shares of NASDAQ FIZZ traded down $0.20 during mid-day trading on Thursday, reaching $43.83. 119,627 shares of the company were exchanged, compared to its average volume of 169,776. National Beverage Corp. has a 52 week low of $42.85 and a 52 week high of $53.58. The company's 50 day moving average price is $47.30 and its 200 day moving average price is $47.29. The stock has a market capitalization of $4.10 billion, a PE ratio of 22.03 and a beta of 0.83.

Insider Activity

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total value of $128,619.36. Following the completion of the sale, the director now owns 53,744 shares in the company, valued at approximately $2,526,505.44. This represents a 4.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 74.80% of the company's stock.

Analyst Ratings Changes

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

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.