National Beverage Corp. (NASDAQ:FIZZ) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,959 shares of the company's stock after selling 5,532 shares during the quarter. Envestnet Asset Management Inc. owned 0.22% of National Beverage worth $8,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of FIZZ. Bank of New York Mellon Corp raised its stake in National Beverage by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 214,656 shares of the company's stock worth $8,917,000 after buying an additional 13,053 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in National Beverage by 2.4% in the first quarter. Principal Financial Group Inc. now owns 116,874 shares of the company's stock valued at $4,855,000 after purchasing an additional 2,684 shares during the last quarter. Teacher Retirement System of Texas boosted 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 valued at $4,222,000 after purchasing an additional 50,605 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of National Beverage during the 1st quarter worth about $212,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of National Beverage by 102.4% during the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after acquiring an additional 420 shares in the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

National Beverage Stock Performance

NASDAQ FIZZ traded up $0.91 during trading hours on Tuesday, hitting $47.45. The company had a trading volume of 184,881 shares, compared to its average volume of 175,911. The company has a market cap of $4.44 billion, a PE ratio of 23.73 and a beta of 0.81. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $51.00. The business has a 50 day moving average of $44.87 and a 200-day moving average of $42.94.

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

Wall Street Analyst Weigh In

Separately, UBS Group raised their price target on shares of National Beverage from $42.00 to $45.00 and gave the company a "sell" rating in a research note on Monday, July 7th.

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.