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

Natixis Advisors LLC decreased its holdings in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 366,839 shares of the company's stock after selling 6,764 shares during the quarter. Natixis Advisors LLC owned 0.39% of National Beverage worth $15,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in National Beverage during the 4th quarter worth approximately $40,000. KBC Group NV raised its stake in shares of National Beverage by 89.3% in the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock valued at $58,000 after acquiring an additional 640 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of National Beverage by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock valued at $68,000 after acquiring an additional 484 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in National Beverage by 158.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company's stock valued at $102,000 after purchasing an additional 1,463 shares during the period. Finally, Pacer Advisors Inc. grew its stake in National Beverage by 78.0% during 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. Hedge funds and other institutional investors own 23.95% of the company's stock.

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National Beverage Price Performance

Shares of National Beverage stock traded down $0.67 during trading on Friday, hitting $39.08. 444,749 shares of the stock were exchanged, compared to its average volume of 172,752. The firm's 50-day moving average price is $41.01 and its 200 day moving average price is $44.36. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 19.64 and a beta of 0.87. National Beverage Corp. has a 12-month low of $38.25 and a 12-month high of $53.48.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). The business had revenue of $267.05 million for the quarter, compared to analyst estimates of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Analyst Ratings Changes

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

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.