National Beverage Corp. (NASDAQ:FIZZ) Position Lowered by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,015 shares of the company's stock after selling 13,490 shares during the quarter. Bank of America Corp DE owned 0.20% of National Beverage worth $8,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. acquired a new stake in shares of National Beverage during the 4th quarter valued at approximately $40,000. KBC Group NV raised its position in shares of National Beverage by 89.3% during the 4th quarter. KBC Group NV now owns 1,357 shares of the company's stock worth $58,000 after purchasing an additional 640 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of National Beverage by 38.3% during 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 during the last quarter. Quarry LP raised its position in shares of National Beverage by 6,875.0% during the 4th quarter. Quarry LP now owns 1,674 shares of the company's stock worth $71,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of National Beverage by 158.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company's stock worth $102,000 after purchasing an additional 1,463 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.

National Beverage Stock Down 0.1%

Shares of National Beverage stock traded down $0.05 during trading on Friday, hitting $44.79. 4,147 shares of the company were exchanged, compared to its average volume of 185,296. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $53.48. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 22.49 and a beta of 0.88. The firm has a 50 day moving average price of $43.27 and a 200 day moving average price of $43.47.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly 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 business had revenue of $267.05 million for the quarter, compared to analysts' expectations of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Wall Street Analyst Weigh In

Separately, UBS Group cut 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.

Insider Activity

In other 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 completion of the sale, the director now directly owns 62,408 shares in the company, valued at $2,708,507.20. This trade represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 74.80% of the company's stock.

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.