BNP Paribas Financial Markets Has $1.41 Million Stake in National Beverage Corp. (NASDAQ:FIZZ)

BNP Paribas Financial Markets lifted its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 112.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,092 shares of the company's stock after acquiring an additional 17,494 shares during the period. BNP Paribas Financial Markets' holdings in National Beverage were worth $1,412,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of National Beverage by 14.3% during the fourth quarter. Covestor Ltd now owns 2,994 shares of the company's stock valued at $128,000 after purchasing an additional 375 shares during the last quarter. Franklin Resources Inc. grew its stake in National Beverage by 3.4% during 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. Tower Research Capital LLC TRC grew its stake in 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 buying an additional 415 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in National Beverage by 1.5% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 37,256 shares of the company's stock worth $1,590,000 after buying an additional 564 shares during the period. Finally, KBC Group NV lifted its stake in National Beverage by 89.3% in the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock valued at $58,000 after buying an additional 640 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price target on shares of National Beverage from $46.00 to $41.00 and set a "sell" rating for the company in a research report on Thursday, February 27th.

National Beverage Stock Performance

Shares of NASDAQ:FIZZ traded down $0.41 during trading hours on Friday, hitting $43.95. The stock had a trading volume of 128,679 shares, compared to its average volume of 186,320. The stock's fifty day simple moving average is $43.00 and its 200 day simple moving average is $43.50. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 22.09 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.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.03). National Beverage had a net margin of 15.63% and a return on equity of 42.80%. The company had revenue of $267.05 million during the quarter, compared to the consensus estimate of $282.22 million.

Insider Buying and Selling at National Beverage

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total value of $347,200.00. Following the completion of the sale, the director now directly owns 62,408 shares of the company's stock, valued at approximately $2,708,507.20. This represents a 11.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 74.80% of the stock is currently owned by corporate insiders.

National Beverage Company 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.