Cerity Partners LLC Decreases Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Cerity Partners LLC decreased its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 187,442 shares of the company's stock after selling 11,495 shares during the quarter. Cerity Partners LLC owned about 0.20% of National Beverage worth $7,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIZZ. Charles Schwab Investment Management Inc. boosted its position in National Beverage by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company's stock valued at $11,592,000 after buying an additional 7,075 shares during the period. Raymond James Financial Inc. purchased a new position in National Beverage in the 4th quarter valued at approximately $631,000. Teacher Retirement System of Texas boosted its position in National Beverage by 134.0% in the 4th quarter. Teacher Retirement System of Texas now owns 51,022 shares of the company's stock valued at $2,177,000 after buying an additional 29,214 shares during the period. American Century Companies Inc. lifted its position in shares of National Beverage by 11.5% during the 4th quarter. American Century Companies Inc. now owns 31,950 shares of the company's stock worth $1,363,000 after purchasing an additional 3,302 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of National Beverage during the 4th quarter worth $243,000. Institutional investors and hedge funds own 23.95% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group lifted their price objective on shares of National Beverage from $42.00 to $45.00 and gave the stock a "sell" rating in a research report on Monday, July 7th.

National Beverage Trading Down 1.3%

NASDAQ:FIZZ traded down $0.62 during midday trading on Friday, hitting $46.32. 182,081 shares of the company were exchanged, compared to its average volume of 176,061. The company has a fifty day simple moving average of $44.82 and a 200 day simple moving average of $42.91. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $51.70. The company has a market capitalization of $4.34 billion, a PE ratio of 23.16 and a beta of 0.81.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $313.63 million for the quarter, compared to analyst estimates of $303.26 million. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. During the same period last year, the business earned $0.47 EPS.

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.