PharVision Advisers LLC Makes New Investment in National Beverage Corp. (NASDAQ:FIZZ)

PharVision Advisers LLC bought a new stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,090 shares of the company's stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in National Beverage by 389.9% during the 3rd quarter. Barclays PLC now owns 41,810 shares of the company's stock worth $1,962,000 after acquiring an additional 33,275 shares during the period. Franklin Resources Inc. grew its stake in National Beverage by 3.4% during the third quarter. Franklin Resources Inc. now owns 11,547 shares of the company's stock worth $528,000 after purchasing an additional 383 shares during the period. Exchange Traded Concepts LLC grew its stake in National Beverage by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 39,559 shares of the company's stock worth $1,688,000 after purchasing an additional 1,624 shares during the period. Linden Thomas Advisory Services LLC grew its stake in National Beverage by 1.5% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 37,256 shares of the company's stock worth $1,590,000 after purchasing an additional 564 shares during the period. Finally, KBC Group NV grew 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. Institutional investors and hedge funds own 23.95% of the company's stock.

Insider Activity

In related news, Director Stanley Michael Sheridan sold 8,000 shares of National Beverage stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total value of $347,200.00. Following the completion of the sale, the director now owns 62,408 shares of the company's stock, valued at approximately $2,708,507.20. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 74.80% of the stock is currently owned by company insiders.

National Beverage Stock Performance

Shares of FIZZ stock traded down $0.41 during trading hours on Friday, hitting $43.95. 128,679 shares of the company were exchanged, compared to its average volume of 186,320. The firm has a market cap of $4.11 billion, a P/E ratio of 22.09 and a beta of 0.88. The company has a 50 day simple moving average of $43.00 and a two-hundred day simple moving average of $43.54. 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 posted its quarterly earnings results on Thursday, March 6th. The company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.03). The company had revenue of $267.05 million during 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%.

Analysts Set New Price Targets

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

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.