Geode Capital Management LLC Has $30.81 Million Stake in National Beverage Corp. (NASDAQ:FIZZ)

Geode Capital Management LLC grew its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 721,810 shares of the company's stock after purchasing an additional 15,734 shares during the period. Geode Capital Management LLC owned about 0.77% of National Beverage worth $30,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Schroder Investment Management Group acquired a new stake in National Beverage during the 4th quarter worth $608,000. Norges Bank acquired a new stake in shares of National Beverage during the fourth quarter worth about $9,718,000. JPMorgan Chase & Co. lifted its holdings in shares of National Beverage by 151.4% during the 4th quarter. JPMorgan Chase & Co. now owns 133,050 shares of the company's stock valued at $5,677,000 after purchasing an additional 80,126 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of National Beverage by 1.1% during 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. Finally, LPL Financial LLC grew its position in shares of National Beverage by 115.2% in the 4th quarter. LPL Financial LLC now owns 17,096 shares of the company's stock valued at $729,000 after purchasing an additional 9,153 shares during the period. 23.95% of the stock is owned by institutional investors.

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 report on Thursday, February 27th.

Insider Buying and Selling

In related news, Director Stanley Michael Sheridan sold 8,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $2,708,507.20. This represents a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 74.80% of the stock is currently owned by corporate insiders.

National Beverage Trading Up 3.1 %

Shares of National Beverage stock traded up $1.34 during trading on Tuesday, reaching $44.72. The stock had a trading volume of 174,257 shares, compared to its average volume of 182,913. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 22.47 and a beta of 0.94. The stock has a fifty day moving average price of $41.37 and a two-hundred day moving average price of $43.83. National Beverage Corp. has a 52 week low of $38.25 and a 52 week high of $53.48.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). The firm had revenue of $267.05 million during the quarter, compared to the consensus estimate of $282.22 million. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

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.