Rhumbline Advisers Decreases Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Rhumbline Advisers lowered its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,379 shares of the company’s stock after selling 1,499 shares during the period. Rhumbline Advisers owned 0.08% of National Beverage worth $3,256,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FIZZ. Allspring Global Investments Holdings LLC boosted its position in shares of 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 worth $1,156,000 after acquiring an additional 25,311 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in National Beverage during the fourth quarter worth approximately $746,000. Principal Financial Group Inc. lifted its stake in National Beverage by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 114,190 shares of the company’s stock worth $4,872,000 after purchasing an additional 3,352 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in National Beverage by 5.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 12,916 shares of the company’s stock valued at $551,000 after purchasing an additional 663 shares in the last quarter. Finally, Denali Advisors LLC increased its stake in National Beverage by 1.8% in the fourth quarter. Denali Advisors LLC now owns 149,620 shares of the company’s stock valued at $6,384,000 after purchasing an additional 2,588 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.

Insider Transactions 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 stock was sold at an average price of $43.40, for a total value 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 approximately $2,708,507.20. This represents a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 74.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group reduced their price objective on shares of 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 Price Performance

Shares of FIZZ opened at $44.81 on Friday. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $53.48. The stock has a market cap of $4.20 billion, a PE ratio of 22.52 and a beta of 0.84. The firm has a fifty day moving average price of $44.28 and a 200 day moving average price of $43.24.

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.