Envestnet Asset Management Inc. Sells 5,532 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Envestnet Asset Management Inc. lowered its position in National Beverage Corp. (NASDAQ:FIZZ) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 204,959 shares of the company’s stock after selling 5,532 shares during the period. Envestnet Asset Management Inc. owned 0.22% of National Beverage worth $8,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FIZZ. Vanguard Group Inc. increased its position in shares of National Beverage by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 2,747,752 shares of the company’s stock valued at $117,247,000 after acquiring an additional 31,062 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of National Beverage by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,681 shares of the company’s stock valued at $53,281,000 after acquiring an additional 32,003 shares during the last quarter. Geode Capital Management LLC increased its position 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 increased its position 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 acquiring an additional 28,186 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of National Beverage during the fourth quarter valued at approximately $9,718,000. 23.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, UBS Group lifted their price objective on National Beverage from $42.00 to $45.00 and gave the company a “sell” rating in a research note on Monday, July 7th.

National Beverage Trading Up 0.5%

FIZZ stock opened at $46.54 on Tuesday. The stock has a market capitalization of $4.36 billion, a PE ratio of 23.27 and a beta of 0.81. National Beverage Corp. has a 12-month low of $38.25 and a 12-month high of $51.00. The stock’s 50 day simple moving average is $44.87 and its 200 day simple moving average is $42.94.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $313.63 million during the quarter, compared to analyst estimates of $303.26 million. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. During the same period in the previous year, the business earned $0.47 EPS.

About National Beverage

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.