Natixis Advisors LLC Has $14.29 Million Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Key Points

• Natixis Advisors LLC reduced its stake in National Beverage Corp. by 6.2%, ending the first quarter with 344,107 shares valued at approximately $14.3 million.
• Multiple hedge funds have recently increased their positions in National Beverage, most notably GAMMA Investing LLC, which raised its holdings by 5,268.4% during the first quarter.
• UBS Group has raised its target price on National Beverage stock from $42.00 to $45.00, maintaining a "sell" rating.

Natixis Advisors LLC cut its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 344,107 shares of the company's stock after selling 22,732 shares during the period. Natixis Advisors LLC owned 0.37% of National Beverage worth $14,294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FIZZ. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 31,062 shares in the last quarter. Dimensional Fund Advisors LP grew its position in National Beverage by 2.6% in 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 grew its position in National Beverage by 2.2% in 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 grew its position in National Beverage by 10.6% in 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 bought a new position in National Beverage in the 4th quarter worth about $9,718,000. Institutional investors and hedge funds own 23.95% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group upped their target price on shares of 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 Performance

Shares of NASDAQ:FIZZ traded up $0.28 during trading on Thursday, reaching $46.47. The company had a trading volume of 84,376 shares, compared to its average volume of 185,314. The firm's fifty day moving average is $45.43 and its 200 day moving average is $43.24. The firm has a market capitalization of $4.35 billion, a PE ratio of 23.17 and a beta of 0.82. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $50.51.

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