Headlands Technologies LLC Purchases 745 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Headlands Technologies LLC raised its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 760.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 843 shares of the company’s stock after purchasing an additional 745 shares during the quarter. Headlands Technologies LLC’s holdings in National Beverage were worth $43,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Quest Partners LLC purchased a new position in shares of National Beverage in the second quarter worth $34,000. GAMMA Investing LLC raised its position in National Beverage by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock worth $57,000 after buying an additional 344 shares during the last quarter. ProShare Advisors LLC lifted its stake in National Beverage by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,773 shares of the company’s stock valued at $227,000 after acquiring an additional 330 shares during the period. National Bank of Canada FI boosted its holdings in shares of National Beverage by 22.2% during the 2nd quarter. National Bank of Canada FI now owns 5,049 shares of the company’s stock valued at $266,000 after acquiring an additional 916 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of National Beverage by 120.3% in the first quarter. SG Americas Securities LLC now owns 7,767 shares of the company’s stock worth $369,000 after acquiring an additional 4,242 shares during the period. 23.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

National Beverage Stock Performance

NASDAQ FIZZ opened at $45.65 on Wednesday. The business’s fifty day moving average is $47.09 and its 200 day moving average is $47.38. National Beverage Corp. has a fifty-two week low of $42.85 and a fifty-two week high of $53.58. The company has a market capitalization of $4.27 billion, a PE ratio of 24.15 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $329.47 million for 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 dropped their target price on shares of National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a report on Tuesday, September 10th.

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.