National Beverage Corp. (NASDAQ:FIZZ) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 151.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 133,050 shares of the company's stock after purchasing an additional 80,126 shares during the quarter. JPMorgan Chase & Co. owned 0.14% of National Beverage worth $5,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new position in National Beverage in the 4th quarter worth about $40,000. KBC Group NV increased its position in National Beverage by 89.3% during the 4th quarter. KBC Group NV now owns 1,357 shares of the company's stock valued at $58,000 after purchasing an additional 640 shares during the period. GAMMA Investing LLC grew its position 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 period. Jones Financial Companies Lllp boosted its stake in National Beverage by 158.3% in the 4th 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 in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in 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 purchasing an additional 1,390 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total transaction of $347,200.00. Following the completion of the sale, the director now owns 62,408 shares of the company's stock, valued at $2,708,507.20. This trade represents a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 74.80% of the company's stock.

National Beverage Trading Down 0.4 %

National Beverage stock traded down $0.17 during midday trading on Wednesday, hitting $44.55. The stock had a trading volume of 11,527 shares, compared to its average volume of 182,247. The company has a market capitalization of $4.17 billion, a PE ratio of 22.39 and a beta of 0.94. National Beverage Corp. has a 52-week low of $38.25 and a 52-week high of $53.48. The firm's fifty day moving average is $41.37 and its two-hundred day moving average is $43.83.

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