National Beverage Corp. (NASDAQ:FIZZ) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 373,603 shares of the company’s stock after selling 11,794 shares during the quarter. Natixis Advisors LLC owned 0.40% of National Beverage worth $17,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Canada Pension Plan Investment Board purchased a new stake in National Beverage in the 2nd quarter valued at $31,000. Quarry LP lifted its stake in shares of National Beverage by 584.9% in the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after purchasing an additional 544 shares during the last quarter. Blue Trust Inc. lifted its stake in National Beverage by 323.0% during the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $33,000 after acquiring an additional 491 shares in the last quarter. Quest Partners LLC acquired a new position in National Beverage during the 2nd quarter worth about $34,000. Finally, Headlands Technologies LLC lifted its stake in National Beverage by 760.2% during the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock worth $43,000 after acquiring an additional 745 shares in the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

National Beverage Stock Up 0.0 %

NASDAQ:FIZZ opened at $47.34 on Wednesday. The stock’s 50 day moving average price is $46.28 and its 200 day moving average price is $47.16. The company has a market capitalization of $4.43 billion, a PE ratio of 24.03 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.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $329.47 million during the quarter. National Beverage had a return on equity of 39.91% and a net margin of 15.36%.

Analyst Ratings Changes

Separately, UBS Group cut their price target on National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a report on Tuesday, September 10th.

National Beverage Company 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.