Envestnet Asset Management Inc. Sells 5,532 Shares of National Beverage Corp. (NASDAQ:FIZZ)

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

Several other institutional investors have also modified their holdings of FIZZ. Vanguard Group Inc. lifted its stake in National Beverage by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 2,747,752 shares of the company's stock valued at $117,247,000 after acquiring an additional 31,062 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of National Beverage by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,248,681 shares of the company's stock worth $53,281,000 after purchasing an additional 32,003 shares during the last quarter. Geode Capital Management LLC increased its position in shares of National Beverage by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 721,810 shares of the company's stock worth $30,805,000 after purchasing an additional 15,734 shares during the last quarter. Northern Trust Corp increased its position in shares of National Beverage by 10.6% during the 4th quarter. Northern Trust Corp now owns 295,028 shares of the company's stock worth $12,589,000 after purchasing an additional 28,186 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of National Beverage during the 4th quarter worth approximately $9,718,000. Institutional investors own 23.95% of the company's stock.

Wall Street Analyst Weigh In

Separately, UBS Group boosted their price target on 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 Stock Down 0.3%

Shares of FIZZ stock traded down $0.13 during trading on Friday, reaching $46.84. 138,751 shares of the company's stock were exchanged, compared to its average volume of 200,699. The stock has a market capitalization of $4.39 billion, a PE ratio of 23.42 and a beta of 0.81. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $50.51. The firm's fifty day moving average price is $45.13 and its 200-day moving average price is $43.06.

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