WINTON GROUP Ltd Increases Holdings in National Beverage Corp. (NASDAQ:FIZZ)

WINTON GROUP Ltd raised its stake in National Beverage Corp. (NASDAQ:FIZZ) by 7.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 20,046 shares of the company’s stock after acquiring an additional 1,324 shares during the quarter. WINTON GROUP Ltd’s holdings in National Beverage were worth $1,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in shares of National Beverage by 13.7% during the second quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company’s stock worth $11,337,000 after purchasing an additional 26,729 shares in the last quarter. American Century Companies Inc. increased its stake in National Beverage by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 26,261 shares of the company’s stock worth $1,346,000 after buying an additional 2,709 shares during the period. Headlands Technologies LLC increased 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 buying an additional 745 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of National Beverage by 11.8% during the second quarter. Texas Permanent School Fund Corp now owns 22,835 shares of the company’s stock valued at $1,170,000 after acquiring an additional 2,401 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of National Beverage during the second quarter valued at about $34,000. Institutional investors and hedge funds own 23.95% of the company’s stock.

National Beverage Trading Up 0.0 %

FIZZ stock opened at $44.51 on Tuesday. The firm has a 50 day simple moving average of $47.19 and a 200-day simple moving average of $47.42. The company has a market capitalization of $4.17 billion, a P/E ratio of 23.55 and a beta of 0.82. National Beverage Corp. has a twelve month low of $42.85 and a twelve month high of $53.58.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data 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. The company had revenue of $329.47 million during the quarter. National Beverage had a net margin of 15.36% and a return on equity of 39.91%.

Insider Buying and Selling

In related news, Director Cecil D. Conlee sold 10,000 shares of National Beverage stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $50.11, for a total value of $501,100.00. Following the completion of the transaction, the director now directly owns 56,480 shares in the company, valued at $2,830,212.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other National Beverage news, Director Cecil D. Conlee sold 10,000 shares of National Beverage stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $50.11, for a total value of $501,100.00. Following the completion of the transaction, the director now owns 56,480 shares of the company’s stock, valued at $2,830,212.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stanley Michael Sheridan sold 16,000 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $51.81, for a total transaction of $828,960.00. Following the sale, the director now directly owns 76,508 shares in the company, valued at $3,963,879.48. The disclosure for this sale can be found here. Insiders own 75.00% of the company’s stock.

Wall Street Analyst Weigh In

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

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.