Rhumbline Advisers reduced its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,954 shares of the company’s stock after selling 2,023 shares during the period. Rhumbline Advisers’ holdings in National Beverage were worth $2,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its position in shares of National Beverage by 61.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,201 shares of the company’s stock valued at $397,000 after purchasing an additional 1,214 shares in the last quarter. California Public Employees Retirement System grew its position in shares of National Beverage by 46.8% during the 3rd quarter. California Public Employees Retirement System now owns 12,918 shares of the company’s stock valued at $1,602,000 after purchasing an additional 4,118 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of National Beverage by 23.6% during the 3rd quarter. Principal Financial Group Inc. now owns 10,860 shares of the company’s stock valued at $1,347,000 after purchasing an additional 2,072 shares in the last quarter. Bank of Montreal Can grew its position in shares of National Beverage by 298.3% during the 4th quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock valued at $358,000 after purchasing an additional 2,750 shares in the last quarter. Finally, Texas Yale Capital Corp. grew its position in shares of National Beverage by 42.5% during the 4th quarter. Texas Yale Capital Corp. now owns 3,584 shares of the company’s stock valued at $349,000 after purchasing an additional 1,069 shares in the last quarter. Hedge funds and other institutional investors own 23.66% of the company’s stock.

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FIZZ stock opened at $88.82 on Wednesday. National Beverage Corp. has a 1 year low of $77.91 and a 1 year high of $129.82. The company has a market cap of $4,099.23, a price-to-earnings ratio of 29.12 and a beta of 0.84.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, March 8th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.21. National Beverage had a net margin of 15.10% and a return on equity of 56.83%. The company had revenue of $227.50 million during the quarter, compared to the consensus estimate of $232.06 million. During the same period in the previous year, the firm posted $0.52 EPS. The firm’s revenue was up 16.9% compared to the same quarter last year.

FIZZ has been the subject of a number of recent analyst reports. Susquehanna Bancshares set a $150.00 price target on shares of National Beverage and gave the company a “buy” rating in a research report on Monday, December 4th. BidaskClub upgraded shares of National Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Maxim Group boosted their price target on shares of National Beverage from $40.00 to $45.00 and gave the company a “sell” rating in a research report on Friday, March 9th. Finally, Credit Suisse Group restated a “sell” rating on shares of National Beverage in a research report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $91.67.

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National Beverage Profile

National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.

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Institutional Ownership by Quarter for National Beverage (NASDAQ:FIZZ)

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