Bank of America Corp DE Cuts Stock Position in National Beverage Corp. (NASDAQ:FIZZ)

Bank of America Corp DE trimmed its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. 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 approximately 0.20% of National Beverage worth $8,151,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in FIZZ. Newbridge Financial Services Group Inc. acquired a new position in National Beverage during the fourth quarter worth $40,000. KBC Group NV boosted its stake in National Beverage by 89.3% during the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock worth $58,000 after buying an additional 640 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in National Beverage by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after buying an additional 415 shares during the last quarter. Quarry LP boosted its stake in National Beverage by 6,875.0% during the fourth quarter. Quarry LP now owns 1,674 shares of the company's stock worth $71,000 after buying an additional 1,650 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in National Beverage by 158.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company's stock worth $102,000 after buying an additional 1,463 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

National Beverage Stock Performance

Shares of National Beverage stock traded down $0.25 during trading hours on Wednesday, hitting $43.97. The company's stock had a trading volume of 120,934 shares, compared to its average volume of 185,774. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $53.48. The firm has a fifty day moving average of $43.17 and a 200-day moving average of $43.47. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 22.10 and a beta of 0.88.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.42 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 analyst estimates of $282.22 million.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Stanley Michael Sheridan sold 8,000 shares of the business's stock in a transaction 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 sale, the director now owns 62,408 shares in the company, valued at approximately $2,708,507.20. The trade was a 11.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.