National Beverage Corp. (NASDAQ:FIZZ) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,138 shares of the company's stock after selling 7,893 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in National Beverage were worth $859,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Squarepoint Ops LLC increased its stake in National Beverage by 74.9% in the 4th quarter. Squarepoint Ops LLC now owns 67,973 shares of the company's stock valued at $2,900,000 after purchasing an additional 29,104 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of National Beverage by 29.7% during the fourth 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 acquired a new position in National Beverage in the fourth quarter valued at $1,567,000. Sherbrooke Park Advisers LLC acquired a new position in National Beverage in the fourth quarter valued at $228,000. Finally, ProShare Advisors LLC boosted its holdings in National Beverage by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 7,079 shares of the company's stock valued at $302,000 after acquiring an additional 2,178 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, UBS Group cut their price objective 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 Transactions at National Beverage

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

National Beverage Stock Performance

Shares of NASDAQ FIZZ traded down $0.92 during midday trading on Friday, reaching $44.81. 99,737 shares of the company's stock were exchanged, compared to its average volume of 187,180. National Beverage Corp. has a 52-week low of $38.25 and a 52-week high of $53.48. The stock has a market capitalization of $4.20 billion, a PE ratio of 22.52 and a beta of 0.84. The business's fifty day moving average price is $44.28 and its two-hundred day moving average price is $43.24.

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.