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

Kayne Anderson Rudnick Investment Management LLC lessened its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,565,642 shares of the company's stock after selling 31,496 shares during the quarter. 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 large investors also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. purchased a new position in shares of National Beverage during the 4th quarter worth $40,000. Lazard Asset Management LLC acquired a new position in National Beverage in the 4th quarter valued at about $52,000. KBC Group NV increased its stake in National Beverage by 89.3% during the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock worth $58,000 after purchasing an additional 640 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of National Beverage by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after purchasing an additional 415 shares in the last quarter. Finally, Quarry LP lifted its position in shares of National Beverage by 6,875.0% during the fourth quarter. Quarry LP now owns 1,674 shares of the company's stock worth $71,000 after purchasing an additional 1,650 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at National Beverage

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total value of $347,200.00. Following the sale, the director now directly owns 62,408 shares of the company's stock, valued at $2,708,507.20. This trade represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 74.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, UBS Group dropped their price objective on shares of National Beverage from $46.00 to $41.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th.

National Beverage Stock Performance

National Beverage stock traded up $0.27 during mid-day trading on Friday, reaching $45.11. 48,721 shares of the company were exchanged, compared to its average volume of 185,469. The firm's 50-day simple moving average is $43.27 and its two-hundred day simple moving average is $43.47. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $53.48. The firm has a market cap of $4.22 billion, a PE ratio of 22.69 and a beta of 0.88.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $267.05 million for the quarter, compared to analyst estimates of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

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.