Bank of America Corp DE Decreases Position in National Beverage Corp. (NASDAQ:FIZZ)

Bank of America Corp DE lowered its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,015 shares of the company’s stock after selling 13,490 shares during the period. Bank of America Corp DE owned 0.20% of National Beverage worth $8,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in National Beverage by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,747,752 shares of the company’s stock valued at $117,247,000 after purchasing an additional 31,062 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of National Beverage by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,248,681 shares of the company’s stock worth $53,281,000 after purchasing an additional 32,003 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of National Beverage by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 721,810 shares of the company’s stock valued at $30,805,000 after acquiring an additional 15,734 shares during the last quarter. Northern Trust Corp lifted its stake in shares of National Beverage by 10.6% during the fourth quarter. Northern Trust Corp now owns 295,028 shares of the company’s stock valued at $12,589,000 after buying an additional 28,186 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of National Beverage by 2.7% in the fourth 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 during the period. 23.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at National Beverage

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total value of $347,200.00. Following the completion of the transaction, the director now directly owns 62,408 shares in the company, valued at $2,708,507.20. This trade represents a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 74.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, UBS Group dropped their price objective 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 Stock Performance

National Beverage stock opened at $43.95 on Monday. The firm has a market capitalization of $4.11 billion, a PE ratio of 22.09 and a beta of 0.88. The stock’s 50 day moving average price is $43.00 and its 200 day moving average price is $43.50. National Beverage Corp. has a one year low of $38.25 and a one year high of $53.48.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). The company 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%.

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.