Charles Schwab Investment Management Inc. Has $12.42 Million Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Charles Schwab Investment Management Inc. lowered its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 5.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 264,583 shares of the company’s stock after selling 16,479 shares during the period. Charles Schwab Investment Management Inc.’s holdings in National Beverage were worth $12,420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FIZZ. Dimensional Fund Advisors LP boosted its position in National Beverage by 3.7% during the second 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 raised its stake in shares of National Beverage by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 385,397 shares of the company’s stock worth $19,748,000 after purchasing an additional 2,850 shares in the last quarter. Envestnet Asset Management Inc. lifted 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 buying an additional 26,729 shares during the last quarter. RK Asset Management LLC grew its stake in shares of National Beverage by 0.4% in the 3rd quarter. RK Asset Management LLC now owns 198,744 shares of the company’s stock valued at $9,329,000 after buying an additional 739 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in National Beverage by 84.9% in the third quarter. Assenagon Asset Management S.A. now owns 145,172 shares of the company’s stock worth $6,814,000 after buying an additional 66,661 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

National Beverage Trading Down 6.5 %

Shares of NASDAQ:FIZZ opened at $46.32 on Monday. National Beverage Corp. has a 1 year low of $42.85 and a 1 year high of $53.58. The firm has a fifty day moving average price of $47.19 and a 200 day moving average price of $47.31. The stock has a market capitalization of $4.34 billion, a PE ratio of 23.28 and a beta of 0.83.

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

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.