National Beverage Corp. (NASDAQ:FIZZ) Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC grew its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 72.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 148,892 shares of the company's stock after buying an additional 62,464 shares during the quarter. Verition Fund Management LLC owned 0.16% of National Beverage worth $6,989,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in National Beverage by 84.9% during the third quarter. Assenagon Asset Management S.A. now owns 145,172 shares of the company's stock worth $6,814,000 after purchasing an additional 66,661 shares in the last quarter. Algert Global LLC lifted its holdings in shares of National Beverage by 69.3% in the 3rd quarter. Algert Global LLC now owns 102,098 shares of the company's stock valued at $4,792,000 after buying an additional 41,777 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of National Beverage by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company's stock valued at $58,680,000 after buying an additional 40,488 shares in the last quarter. Denali Advisors LLC grew its holdings in National Beverage by 36.1% during the second quarter. Denali Advisors LLC now owns 115,100 shares of the company's stock worth $5,898,000 after acquiring an additional 30,500 shares during the period. Finally, Squarepoint Ops LLC raised its position in National Beverage by 307.6% in the second quarter. Squarepoint Ops LLC now owns 35,673 shares of the company's stock worth $1,828,000 after acquiring an additional 26,920 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group decreased their target price on shares of National Beverage from $46.00 to $45.00 and set a "sell" rating on the stock in a research report on Tuesday, September 10th.

National Beverage Stock Up 1.1 %

NASDAQ FIZZ traded up $0.52 during mid-day trading on Monday, hitting $49.91. The stock had a trading volume of 178,929 shares, compared to its average volume of 168,806. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 25.34 and a beta of 0.83. National Beverage Corp. has a 52-week low of $42.85 and a 52-week high of $53.58. The company has a 50 day simple moving average of $46.96 and a 200 day simple moving average of $47.25.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. National Beverage had a return on equity of 39.91% and a net margin of 15.36%. The company had revenue of $329.47 million during the quarter.

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.