Charles Schwab Investment Management Inc. Sells 11,368 Shares of National Beverage Corp. $FIZZ

Key Points

• Charles Schwab Investment Management Inc. decreased its stake in National Beverage Corp. by 4.2%, selling 11,368 shares and holding 260,290 shares valued at approximately $10.8 million as of the latest SEC filing.
• Other institutional investors, such as Bank of New York Mellon Corp. and Teacher Retirement System of Texas, have made significant increases in their positions in National Beverage during the first quarter.
• UBS Group raised its target price for National Beverage from $42 to $45, maintaining a "sell" rating, reflecting a bearish sentiment as analysts give the stock an average rating of "sell" with a consensus price target of $45.

Charles Schwab Investment Management Inc. cut its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,290 shares of the company's stock after selling 11,368 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.28% of National Beverage worth $10,812,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of National Beverage by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 214,656 shares of the company's stock worth $8,917,000 after acquiring an additional 13,053 shares during the last quarter. Edgestream Partners L.P. bought a new stake in National Beverage in the first quarter worth approximately $7,302,000. GAMMA Investing LLC increased its holdings in National Beverage by 29.2% in the first quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock worth $86,000 after purchasing an additional 466 shares in the last quarter. Deutsche Bank AG increased its holdings in National Beverage by 55.9% in the fourth quarter. Deutsche Bank AG now owns 23,248 shares of the company's stock worth $992,000 after purchasing an additional 8,332 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in National Beverage by 99.2% in the first quarter. Teacher Retirement System of Texas now owns 101,627 shares of the company's stock worth $4,222,000 after purchasing an additional 50,605 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group lifted their target price on National Beverage from $42.00 to $45.00 and gave the stock a "sell" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, National Beverage presently has an average rating of "Sell" and a consensus price target of $45.00.

National Beverage Stock Performance

Shares of National Beverage stock opened at $46.75 on Monday. National Beverage Corp. has a 52 week low of $38.25 and a 52 week high of $50.51. The stock has a 50 day moving average price of $45.40 and a two-hundred day moving average price of $43.57. The stock has a market capitalization of $4.38 billion, a PE ratio of 23.38 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its quarterly earnings data on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, meeting analysts' consensus estimates of $0.48. The firm had revenue of $313.63 million during the quarter, compared to analysts' expectations of $303.26 million. National Beverage had a return on equity of 49.48% and a net margin of 15.55%.During the same quarter last year, the firm posted $0.47 earnings per share.

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.

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