Vanguard Group Inc. Has $117.25 Million Position in National Beverage Corp. (NASDAQ:FIZZ)

Vanguard Group Inc. raised its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,747,752 shares of the company's stock after buying an additional 31,062 shares during the period. Vanguard Group Inc. owned approximately 2.94% of National Beverage worth $117,247,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC increased its stake in National Beverage by 389.9% in 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. Teacher Retirement System of Texas boosted its holdings in shares of National Beverage by 134.0% in the fourth quarter. Teacher Retirement System of Texas now owns 51,022 shares of the company's stock worth $2,177,000 after buying an additional 29,214 shares during the period. Geode Capital Management LLC increased its position in shares of National Beverage by 4.2% in the third quarter. Geode Capital Management LLC now owns 706,076 shares of the company's stock worth $33,148,000 after acquiring an additional 28,688 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of National Beverage by 1,292.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company's stock valued at $1,156,000 after acquiring an additional 25,311 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of National Beverage in the 4th quarter valued at approximately $746,000. 23.95% of the stock is owned by institutional investors and hedge funds.

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National Beverage Stock Performance

NASDAQ:FIZZ traded up $0.36 during trading hours on Friday, hitting $44.23. 165,503 shares of the company's stock traded hands, compared to its average volume of 182,230. The stock's fifty day moving average price is $40.86 and its two-hundred day moving average price is $43.94. The firm has a market cap of $4.14 billion, a P/E ratio of 22.23 and a beta of 0.94. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $53.48.

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

Analyst Ratings Changes

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

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.