National Beverage Corp. (NASDAQ:FIZZ) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,351 shares of the company’s stock after selling 379 shares during the period. State of Alaska Department of Revenue’s holdings in National Beverage were worth $626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new position in shares of National Beverage during the second quarter worth about $31,000. Quarry LP lifted its holdings in National Beverage by 584.9% during the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after buying an additional 544 shares during the last quarter. Blue Trust Inc. grew its position in shares of National Beverage by 323.0% in the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $33,000 after acquiring an additional 491 shares in the last quarter. Quest Partners LLC bought a new stake in shares of National Beverage in the 2nd quarter valued at approximately $34,000. Finally, Headlands Technologies LLC increased its holdings in shares of National Beverage by 760.2% in the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after acquiring an additional 745 shares during the last quarter. Institutional investors own 23.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their price objective on shares of 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 Stock Down 0.3 %

Shares of NASDAQ:FIZZ opened at $48.80 on Friday. The company has a market cap of $4.57 billion, a PE ratio of 24.77 and a beta of 0.83. National Beverage Corp. has a fifty-two week low of $42.85 and a fifty-two week high of $53.58. The firm has a 50-day simple moving average of $45.77 and a 200 day simple moving average of $46.91.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.61 earnings per share for the quarter, topping 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.