Natixis Advisors LLC Lowers Stock Position in National Beverage Corp. (NASDAQ:FIZZ)

Natixis Advisors LLC reduced its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 373,603 shares of the company's stock after selling 11,794 shares during the quarter. Natixis Advisors LLC owned 0.40% of National Beverage worth $17,537,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in National Beverage during the 2nd quarter valued at $31,000. Quarry LP raised its stake in shares of National Beverage by 584.9% during the second quarter. Quarry LP now owns 637 shares of the company's stock valued at $33,000 after acquiring an additional 544 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of National Beverage by 323.0% during the third quarter. Blue Trust Inc. now owns 643 shares of the company's stock worth $33,000 after purchasing an additional 491 shares during the period. Quest Partners LLC bought a new stake in shares of National Beverage in the second quarter worth about $34,000. Finally, Headlands Technologies LLC grew its stake 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 last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.

National Beverage Price Performance

NASDAQ:FIZZ traded down $0.35 during trading hours on Wednesday, hitting $46.99. The company had a trading volume of 23,042 shares, compared to its average volume of 169,040. The stock has a 50-day moving average price of $46.34 and a 200 day moving average price of $47.16. The company has a market capitalization of $4.40 billion, a PE ratio of 24.03 and a beta of 0.83. National Beverage Corp. has a 52 week low of $42.85 and a 52 week high of $53.58.

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

Wall Street Analysts Forecast Growth

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

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.