Natixis Advisors LLC Trims Stake in National Beverage Corp. (NASDAQ:FIZZ)

Natixis Advisors LLC lowered its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 1.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 366,839 shares of the company’s stock after selling 6,764 shares during the period. Natixis Advisors LLC’s holdings in National Beverage were worth $15,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in National Beverage in the fourth quarter valued at $40,000. KBC Group NV raised its position in National Beverage by 89.3% in the fourth quarter. KBC Group NV now owns 1,357 shares of the company’s stock valued at $58,000 after purchasing an additional 640 shares during the period. GAMMA Investing LLC raised its position in National Beverage by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company’s stock valued at $68,000 after purchasing an additional 484 shares during the period. Jones Financial Companies Lllp raised its position in National Beverage by 158.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company’s stock valued at $102,000 after purchasing an additional 1,463 shares during the period. Finally, Pacer Advisors Inc. raised its position in National Beverage by 78.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,171 shares of the company’s stock valued at $135,000 after purchasing an additional 1,390 shares during the period. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Trading Down 0.4 %

FIZZ stock opened at $40.74 on Wednesday. The company has a market capitalization of $3.81 billion, a PE ratio of 20.47 and a beta of 0.87. National Beverage Corp. has a 12-month low of $38.25 and a 12-month high of $53.48. The business’s fifty day moving average price is $41.23 and its 200 day moving average price is $44.47.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). The firm had revenue of $267.05 million during the quarter, compared to analysts’ expectations of $282.22 million. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

Analysts Set New Price Targets

Separately, UBS Group cut their price objective on National Beverage from $46.00 to $41.00 and set a “sell” rating on the stock in a 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.