Franklin Resources Inc. Grows Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Franklin Resources Inc. lifted its position in National Beverage Corp. (NASDAQ:FIZZ) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,547 shares of the company’s stock after buying an additional 383 shares during the quarter. Franklin Resources Inc.’s holdings in National Beverage were worth $528,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in National Beverage by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the company’s stock worth $842,000 after purchasing an additional 252 shares during the period. Willis Investment Counsel grew its holdings in shares of National Beverage by 5.0% in the third quarter. Willis Investment Counsel now owns 6,274 shares of the company’s stock valued at $295,000 after purchasing an additional 296 shares in the last quarter. Blue Trust Inc. increased its stake in National Beverage by 323.0% during the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $33,000 after buying an additional 491 shares during the period. 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 in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in National Beverage in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 23.95% of the company’s stock.

Wall Street Analyst Weigh In

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

National Beverage Price Performance

FIZZ stock opened at $42.50 on Tuesday. The business’s 50-day moving average is $47.11 and its two-hundred day moving average is $47.21. The firm has a market capitalization of $3.98 billion, a P/E ratio of 21.36 and a beta of 0.83. National Beverage Corp. has a 1 year low of $42.29 and a 1 year high of $53.58.

Insider Buying and Selling

In other news, Director Cecil D. Conlee sold 2,736 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $47.01, for a total value of $128,619.36. Following the sale, the director now directly owns 53,744 shares in the company, valued at approximately $2,526,505.44. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 74.80% of the stock is owned by insiders.

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.