LPL Financial LLC Increases Holdings in National Beverage Corp. (NASDAQ:FIZZ)

LPL Financial LLC lifted its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 115.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,096 shares of the company's stock after purchasing an additional 9,153 shares during the quarter. LPL Financial LLC's holdings in National Beverage were worth $729,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FIZZ. Newbridge Financial Services Group Inc. purchased a new position in shares of National Beverage during the 4th quarter valued at $40,000. KBC Group NV boosted its stake in National Beverage by 89.3% during the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock valued at $58,000 after buying an additional 640 shares during the period. GAMMA Investing LLC grew its position in National Beverage by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock worth $68,000 after buying an additional 484 shares in the last quarter. Jones Financial Companies Lllp increased 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 acquiring an additional 1,463 shares during the last quarter. Finally, Pacer Advisors Inc. raised 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 valued at $135,000 after acquiring an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.

National Beverage Price Performance

Shares of NASDAQ:FIZZ opened at $44.72 on Wednesday. The company's fifty day moving average price is $41.37 and its 200-day moving average price is $43.83. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 22.47 and a beta of 0.94. 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 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 firm had revenue of $267.05 million during the quarter, compared to the consensus estimate of $282.22 million.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut their price objective on National Beverage from $46.00 to $41.00 and set a "sell" rating for the company in a report on Thursday, February 27th.

Insider Activity at National Beverage

In related news, Director Stanley Michael Sheridan sold 8,000 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total transaction of $347,200.00. Following the transaction, the director now owns 62,408 shares of the company's stock, valued at approximately $2,708,507.20. This trade represents a 11.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 74.80% of the stock is currently owned by insiders.

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.

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