Kayne Anderson Rudnick Investment Management LLC Has $109.48 Million Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Kayne Anderson Rudnick Investment Management LLC cut its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,565,642 shares of the company's stock after selling 31,496 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 2.74% of National Beverage worth $109,476,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FIZZ. PharVision Advisers LLC acquired a new stake in National Beverage in the fourth quarter worth approximately $303,000. Squarepoint Ops LLC lifted its holdings in shares of National Beverage by 74.9% in the fourth quarter. Squarepoint Ops LLC now owns 67,973 shares of the company's stock valued at $2,900,000 after buying an additional 29,104 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of National Beverage by 29.7% in the fourth quarter. Two Sigma Advisers LP now owns 115,000 shares of the company's stock valued at $4,907,000 after buying an additional 26,300 shares during the period. Tidal Investments LLC acquired a new stake in shares of National Beverage in the fourth quarter valued at $1,567,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of National Beverage in the fourth quarter valued at $228,000. Institutional investors and hedge funds own 23.95% of the company's stock.

Insider Activity

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total transaction 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 $2,708,507.20. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 74.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

National Beverage Price Performance

Shares of National Beverage stock traded down $0.25 during trading on Wednesday, hitting $43.97. The stock had a trading volume of 120,934 shares, compared to its average volume of 185,924. The firm has a market cap of $4.12 billion, a P/E ratio of 22.10 and a beta of 0.88. The business has a fifty day moving average of $43.27 and a two-hundred day moving average of $43.47. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $53.48.

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

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.