Kayne Anderson Rudnick Investment Management LLC Trims Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Kayne Anderson Rudnick Investment Management LLC cut its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,565,642 shares of the company's stock after selling 31,496 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 2.74% of National Beverage worth $109,476,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FIZZ. Norges Bank acquired a new stake in shares of National Beverage in the fourth quarter worth approximately $9,718,000. Marshall Wace LLP boosted its stake in National Beverage by 1,461.6% during the 4th quarter. Marshall Wace LLP now owns 100,939 shares of the company's stock worth $4,307,000 after purchasing an additional 94,475 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of National Beverage by 151.4% during the fourth quarter. JPMorgan Chase & Co. now owns 133,050 shares of the company's stock worth $5,677,000 after buying an additional 80,126 shares in the last quarter. Barclays PLC raised its position in shares of National Beverage by 389.9% in the third quarter. Barclays PLC now owns 41,810 shares of the company's stock valued at $1,962,000 after buying an additional 33,275 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of National Beverage by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,681 shares of the company's stock worth $53,281,000 after buying an additional 32,003 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

National Beverage Price Performance

Shares of NASDAQ:FIZZ traded down $0.47 during midday trading on Friday, hitting $43.52. The company had a trading volume of 69,303 shares, compared to its average volume of 182,478. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $53.48. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 21.87 and a beta of 0.94. The business's 50-day simple moving average is $41.55 and its 200-day simple moving average is $43.83.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the firm's stock in a transaction 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 completion of the sale, the director now owns 62,408 shares of the company's stock, valued at $2,708,507.20. This trade represents a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 74.80% of the company's stock.

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.