Norges Bank Takes $9.72 Million Position in National Beverage Corp. (NASDAQ:FIZZ)

Norges Bank purchased a new position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 227,754 shares of the company's stock, valued at approximately $9,718,000. Norges Bank owned 0.24% of National Beverage as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in National Beverage by 151.4% in the 4th quarter. JPMorgan Chase & Co. now owns 133,050 shares of the company's stock valued at $5,677,000 after buying an additional 80,126 shares during the period. Barclays PLC grew its stake in National Beverage by 389.9% during the 3rd quarter. Barclays PLC now owns 41,810 shares of the company's stock worth $1,962,000 after purchasing an additional 33,275 shares in the last quarter. Vanguard Group Inc. increased its holdings in National Beverage by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,747,752 shares of the company's stock worth $117,247,000 after purchasing an additional 31,062 shares during the period. Teacher Retirement System of Texas raised its position in National Beverage by 134.0% in the 4th quarter. Teacher Retirement System of Texas now owns 51,022 shares of the company's stock valued at $2,177,000 after purchasing an additional 29,214 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of National Beverage by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 706,076 shares of the company's stock valued at $33,148,000 after buying an additional 28,688 shares during the period. Institutional investors and hedge funds own 23.95% of the company's stock.

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National Beverage Trading Up 0.8 %

NASDAQ:FIZZ traded up $0.36 during trading hours on Friday, hitting $44.23. The company's stock had a trading volume of 165,503 shares, compared to its average volume of 182,230. The stock has a market capitalization of $4.14 billion, a P/E ratio of 22.23 and a beta of 0.94. The stock has a fifty day moving average of $40.86 and a 200-day moving average of $43.94. National Beverage Corp. has a 52-week low of $38.25 and a 52-week 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 decreased their price target on shares of National Beverage from $46.00 to $41.00 and set a "sell" rating for the company in a research note 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.