Fmr LLC Increases Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Fmr LLC grew its position in National Beverage Corp. (NASDAQ:FIZZ) by 247.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,907 shares of the company’s stock after purchasing an additional 9,192 shares during the quarter. Fmr LLC’s holdings in National Beverage were worth $606,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FIZZ. Dimensional Fund Advisors LP boosted its stake in National Beverage by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company’s stock valued at $58,680,000 after purchasing an additional 40,488 shares during the last quarter. Natixis Advisors LLC lifted its stake in National Beverage by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 385,397 shares of the company’s stock valued at $19,748,000 after acquiring an additional 2,850 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of National Beverage by 13.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company’s stock valued at $11,337,000 after acquiring an additional 26,729 shares during the last quarter. RK Asset Management LLC lifted its position in National Beverage by 0.4% during the third quarter. RK Asset Management LLC now owns 198,744 shares of the company’s stock valued at $9,329,000 after purchasing an additional 739 shares during the period. Finally, Cerity Partners LLC boosted its holdings in National Beverage by 1.7% in the third quarter. Cerity Partners LLC now owns 179,574 shares of the company’s stock worth $8,429,000 after purchasing an additional 2,931 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at National Beverage

In related news, Director Cecil D. Conlee sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the transaction, the director now directly owns 53,744 shares in the company, valued at approximately $2,526,505.44. The trade was a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 74.80% of the stock is currently owned by company insiders.

National Beverage Stock Down 1.4 %

National Beverage stock opened at $45.85 on Thursday. National Beverage Corp. has a 52-week low of $42.85 and a 52-week high of $53.58. The company has a market cap of $4.29 billion, a P/E ratio of 23.04 and a beta of 0.83. The business has a 50-day simple moving average of $47.39 and a two-hundred day simple moving average of $47.36.

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.