Cerity Partners LLC Acquires 19,363 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Cerity Partners LLC increased its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,937 shares of the company's stock after buying an additional 19,363 shares during the period. Cerity Partners LLC owned 0.21% of National Beverage worth $8,493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FIZZ. FMR LLC grew its position in shares of National Beverage by 247.4% in the 3rd quarter. FMR LLC now owns 12,907 shares of the company's stock worth $606,000 after buying an additional 9,192 shares during the period. HighTower Advisors LLC increased its stake in shares of National Beverage by 6.3% during the third quarter. HighTower Advisors LLC now owns 33,709 shares of the company's stock valued at $1,584,000 after purchasing an additional 1,988 shares in the last quarter. Barclays PLC lifted its holdings in shares of National Beverage by 389.9% during the third quarter. Barclays PLC now owns 41,810 shares of the company's stock valued at $1,962,000 after purchasing an additional 33,275 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of National Beverage by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 706,076 shares of the company's stock worth $33,148,000 after purchasing an additional 28,688 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of National Beverage by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 11,547 shares of the company's stock worth $528,000 after buying an additional 383 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

National Beverage Trading Down 0.4 %

NASDAQ:FIZZ traded down $0.20 on Wednesday, reaching $43.21. 27,434 shares of the stock traded hands, compared to its average volume of 181,602. The company's fifty day simple moving average is $41.00 and its 200 day simple moving average is $43.92. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 21.71 and a beta of 0.94. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $53.48.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its quarterly earnings data 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). National Beverage had a net margin of 15.63% and a return on equity of 42.80%. The business had revenue of $267.05 million during the quarter, compared to the consensus estimate of $282.22 million.

Wall Street Analysts Forecast Growth

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

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.