Comerica Bank Sells 982 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Comerica Bank lessened its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,875 shares of the company’s stock after selling 982 shares during the quarter. Comerica Bank’s holdings in National Beverage were worth $379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Schroder Investment Management Group bought a new position in shares of National Beverage during the 4th quarter worth approximately $608,000. Allspring Global Investments Holdings LLC increased its holdings in National Beverage by 1,292.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company’s stock valued at $1,156,000 after purchasing an additional 25,311 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in National Beverage by 151.4% during the 4th quarter. JPMorgan Chase & Co. now owns 133,050 shares of the company’s stock valued at $5,677,000 after purchasing an additional 80,126 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in National Beverage by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company’s stock valued at $11,592,000 after purchasing an additional 7,075 shares in the last quarter. Finally, Barclays PLC increased its holdings in National Beverage by 389.9% during the 3rd quarter. Barclays PLC now owns 41,810 shares of the company’s stock valued at $1,962,000 after purchasing an additional 33,275 shares in the last quarter. Institutional investors own 23.95% of the company’s stock.

National Beverage Stock Performance

NASDAQ FIZZ opened at $44.88 on Friday. The stock has a fifty day moving average of $42.53 and a 200-day moving average of $43.63. The stock has a market capitalization of $4.20 billion, a P/E ratio of 22.55 and a beta of 0.88. National Beverage Corp. has a 52 week low of $38.25 and a 52 week high of $53.48.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, March 6th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). The firm had revenue of $267.05 million during the quarter, compared to analyst estimates of $282.22 million. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

Insider Activity

In related news, Director Stanley Michael Sheridan sold 8,000 shares of National Beverage stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total transaction of $347,200.00. Following the completion of the sale, the director now directly owns 62,408 shares of the company’s stock, valued at $2,708,507.20. The trade was a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 74.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their price target on National Beverage from $46.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, February 27th.

National Beverage Company 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.