Charles Schwab Investment Management Inc. Lowers Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Charles Schwab Investment Management Inc. lessened its holdings in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,583 shares of the company's stock after selling 16,479 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.28% of National Beverage worth $12,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its holdings in shares of National Beverage by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the company's stock worth $842,000 after purchasing an additional 252 shares during the period. Willis Investment Counsel raised its stake in shares of National Beverage by 5.0% in the third quarter. Willis Investment Counsel now owns 6,274 shares of the company's stock valued at $295,000 after buying an additional 296 shares during the period. Blue Trust Inc. lifted its position in shares of National Beverage by 323.0% during the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company's stock valued at $33,000 after buying an additional 491 shares during the last quarter. Quarry LP increased its holdings in National Beverage by 584.9% in the 2nd quarter. Quarry LP now owns 637 shares of the company's stock worth $33,000 after acquiring an additional 544 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in National Beverage by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,773 shares of the company's stock valued at $797,000 after acquiring an additional 565 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 cut their target price on shares of National Beverage from $46.00 to $45.00 and set a "sell" rating for the company in a research report on Tuesday, September 10th.

National Beverage Stock Performance

National Beverage stock traded up $1.95 during mid-day trading on Monday, reaching $48.27. The company's stock had a trading volume of 250,325 shares, compared to its average volume of 169,719. The firm's fifty day moving average price is $47.19 and its two-hundred day moving average price is $47.31. National Beverage Corp. has a 12-month low of $42.85 and a 12-month high of $53.58. The company has a market capitalization of $4.52 billion, a P/E ratio of 23.28 and a beta of 0.83.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The company had revenue of $329.47 million for the quarter. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

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.