Price T Rowe Associates Inc. MD Boosts Stake in National Beverage Corp. (NASDAQ:FIZZ)

Price T Rowe Associates Inc. MD increased its stake in National Beverage Corp. (NASDAQ:FIZZ) by 8.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,242 shares of the company’s stock after acquiring an additional 1,565 shares during the period. Price T Rowe Associates Inc. MD’s holdings in National Beverage were worth $822,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in shares of National Beverage by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company’s stock worth $64,000 after purchasing an additional 415 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of National Beverage by 8.6% in the 4th quarter. MetLife Investment Management LLC now owns 14,310 shares of the company’s stock valued at $611,000 after purchasing an additional 1,133 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $53,281,000 after purchasing an additional 32,003 shares during the last quarter. Canada Pension Plan Investment Board raised its position in National Beverage by 122.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 8,900 shares of the company’s stock worth $380,000 after purchasing an additional 4,900 shares during the period. Finally, Marshall Wace LLP lifted its stake in National Beverage by 1,461.6% in the fourth quarter. Marshall Wace LLP now owns 100,939 shares of the company’s stock worth $4,307,000 after purchasing an additional 94,475 shares during the last quarter. Institutional investors own 23.95% of the company’s stock.

National Beverage Trading Down 0.6%

National Beverage stock opened at $43.54 on Monday. The firm has a market cap of $4.08 billion, a P/E ratio of 21.88 and a beta of 0.88. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $53.48. The firm has a 50-day moving average of $42.33 and a 200-day moving average of $43.65.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). National Beverage had a return on equity of 42.80% and a net margin of 15.63%. The business had revenue of $267.05 million during the quarter, compared to analysts’ expectations of $282.22 million.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Stanley Michael Sheridan sold 8,000 shares of National Beverage stock in a transaction that occurred 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 sale, the director now directly owns 62,408 shares in the company, valued at $2,708,507.20. The trade was a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 74.80% of the company’s stock.

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.