Prudential Financial Inc. Decreases Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Prudential Financial Inc. trimmed its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,798 shares of the company's stock after selling 7,514 shares during the quarter. Prudential Financial Inc. owned about 0.08% of National Beverage worth $3,149,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new position in shares of National Beverage in the fourth quarter worth approximately $40,000. KBC Group NV boosted its holdings in National Beverage by 89.3% in the 4th quarter. KBC Group NV now owns 1,357 shares of the company's stock worth $58,000 after buying an additional 640 shares during the period. GAMMA Investing LLC boosted its holdings in National Beverage by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock worth $68,000 after buying an additional 484 shares during the period. 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 buying an additional 1,463 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in National Beverage by 78.0% during the fourth 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 during the period. Institutional investors own 23.95% of the company's stock.

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National Beverage Stock Performance

FIZZ traded down $0.50 during trading on Monday, reaching $42.20. 313,215 shares of the company traded hands, compared to its average volume of 180,082. National Beverage Corp. has a 12-month low of $38.25 and a 12-month high of $53.48. The firm has a fifty day simple moving average of $40.73 and a 200 day simple moving average of $44.06. The company has a market cap of $3.95 billion, a P/E ratio of 21.21 and a beta of 0.94.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted 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 company had revenue of $267.05 million for the quarter, compared to analysts' expectations of $282.22 million. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their price objective on 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 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.