Jennison Associates LLC Takes Position in National Beverage Corp. (NASDAQ:FIZZ)

Jennison Associates LLC bought a new position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,992 shares of the company's stock, valued at approximately $1,126,000.

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

Analysts Set New Price Targets

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

National Beverage Stock Up 0.7 %

FIZZ traded up $0.35 during trading on Friday, reaching $47.87. 158,424 shares of the company were exchanged, compared to its average volume of 132,083. National Beverage Corp. has a 12-month low of $42.85 and a 12-month high of $53.58. The company's 50-day moving average is $46.53 and its two-hundred day moving average is $47.18. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 24.30 and a beta of 0.83.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its earnings results on Thursday, September 5th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. National Beverage had a return on equity of 39.91% and a net margin of 15.36%. The business had revenue of $329.47 million for the quarter.

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.