Renaissance Technologies LLC Has $141.88 Million Position in National Beverage Corp. (NASDAQ:FIZZ)

Renaissance Technologies LLC decreased its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,324,966 shares of the company's stock after selling 158,445 shares during the quarter. Renaissance Technologies LLC owned approximately 3.55% of National Beverage worth $141,876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIZZ. Norges Bank bought a new position in shares of National Beverage in the fourth quarter valued at about $9,718,000. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 80,126 shares during the period. Barclays PLC lifted its position in National Beverage by 389.9% during the third quarter. Barclays PLC now owns 41,810 shares of the company's stock worth $1,962,000 after acquiring an additional 33,275 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of National Beverage by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 2,747,752 shares of the company's stock worth $117,247,000 after acquiring an additional 31,062 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of National Beverage by 134.0% during the fourth quarter. Teacher Retirement System of Texas now owns 51,022 shares of the company's stock worth $2,177,000 after acquiring an additional 29,214 shares during the period. 23.95% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

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

National Beverage Stock Up 0.8 %

Shares of National Beverage stock traded up $0.36 during trading on Friday, reaching $44.23. The company's stock had a trading volume of 165,503 shares, compared to its average volume of 182,230. National Beverage Corp. has a 52 week low of $38.25 and a 52 week high of $53.48. The firm has a market cap of $4.14 billion, a PE ratio of 22.23 and a beta of 0.94. The business's 50-day moving average price is $40.86 and its 200-day moving average price is $43.94.

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

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.