Nuveen Asset Management LLC Sells 2,371 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Nuveen Asset Management LLC lessened its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,744 shares of the company’s stock after selling 2,371 shares during the period. Nuveen Asset Management LLC owned approximately 0.07% of National Beverage worth $2,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new position in National Beverage in the 4th quarter valued at about $608,000. Allspring Global Investments Holdings LLC raised its stake in shares of National Beverage by 1,292.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company’s stock valued at $1,156,000 after acquiring an additional 25,311 shares during the period. JPMorgan Chase & Co. grew its stake in shares of National Beverage by 151.4% in the fourth quarter. JPMorgan Chase & Co. now owns 133,050 shares of the company’s stock valued at $5,677,000 after buying an additional 80,126 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in National Beverage by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company’s stock worth $11,592,000 after purchasing an additional 7,075 shares during the period. Finally, Northern Trust Corp raised its stake in shares of National Beverage by 10.6% in the fourth quarter. Northern Trust Corp now owns 295,028 shares of the company’s stock valued at $12,589,000 after acquiring an additional 28,186 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

Analysts Set New Price Targets

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

National Beverage Stock Performance

Shares of FIZZ opened at $45.48 on Tuesday. National Beverage Corp. has a 1 year low of $38.25 and a 1 year high of $53.48. The company’s 50 day simple moving average is $43.56 and its 200 day simple moving average is $43.31. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 22.85 and a beta of 0.88.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, March 6th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 at National Beverage

In related news, Director Stanley Michael Sheridan sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total transaction of $347,200.00. Following the sale, the director now directly owns 62,408 shares in the company, valued at approximately $2,708,507.20. This trade represents a 11.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 74.80% of the stock is currently 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.