National Beverage Corp. (NASDAQ:FIZZ) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC grew its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 74.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,973 shares of the company's stock after buying an additional 29,104 shares during the quarter. Squarepoint Ops LLC owned 0.07% of National Beverage worth $2,900,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FIZZ. Two Sigma Advisers LP increased its position in shares of National Beverage by 29.7% in the 4th quarter. Two Sigma Advisers LP now owns 115,000 shares of the company's stock worth $4,907,000 after purchasing an additional 26,300 shares during the last quarter. Tidal Investments LLC bought a new stake in National Beverage in the fourth quarter valued at about $1,567,000. Sherbrooke Park Advisers LLC acquired a new stake in National Beverage during the fourth quarter valued at approximately $228,000. ProShare Advisors LLC raised its stake in National Beverage by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 7,079 shares of the company's stock valued at $302,000 after buying an additional 2,178 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in National Beverage by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,353 shares of the company's stock worth $570,000 after buying an additional 451 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

National Beverage Stock Performance

Shares of National Beverage stock traded up $0.30 during trading hours on Friday, reaching $45.14. The company's stock had a trading volume of 213,439 shares, compared to its average volume of 186,668. National Beverage Corp. has a one year low of $38.25 and a one year high of $53.48. The company's 50 day simple moving average is $43.46 and its 200 day simple moving average is $43.33. The stock has a market cap of $4.23 billion, a P/E ratio of 22.68 and a beta of 0.88.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its 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 net margin of 15.63% and a return on equity of 42.80%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Stanley Michael Sheridan sold 8,000 shares of National Beverage stock in a transaction that occurred 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 sale, the director now owns 62,408 shares of the company's stock, valued at approximately $2,708,507.20. The trade was a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 74.80% of the stock is owned by company insiders.

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.