LPL Financial LLC Purchases 9,153 Shares of National Beverage Corp. (NASDAQ:FIZZ)

LPL Financial LLC raised its holdings in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 115.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,096 shares of the company's stock after acquiring an additional 9,153 shares during the period. LPL Financial LLC's holdings in National Beverage were worth $729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FIZZ. Newbridge Financial Services Group Inc. purchased a new stake in shares of National Beverage in the 4th quarter valued at about $40,000. KBC Group NV raised its holdings in shares of National Beverage by 89.3% in the 4th quarter. KBC Group NV now owns 1,357 shares of the company's stock valued at $58,000 after acquiring an additional 640 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of National Beverage by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock valued at $68,000 after acquiring an additional 484 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of National Beverage by 158.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company's stock valued at $102,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of National Beverage by 78.0% during the 4th quarter. Pacer Advisors Inc. now owns 3,171 shares of the company's stock valued at $135,000 after purchasing an additional 1,390 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.

Insider Buying and Selling

In related news, Director Stanley Michael Sheridan sold 8,000 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were 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 directly owns 62,408 shares in the company, valued at $2,708,507.20. This represents a 11.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 74.80% of the stock is owned by corporate insiders.

National Beverage Stock Down 0.1 %

Shares of National Beverage stock traded down $0.06 during trading on Monday, hitting $43.46. 127,460 shares of the stock traded hands, compared to its average volume of 183,014. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 21.84 and a beta of 0.94. The firm's fifty day moving average is $41.73 and its 200-day moving average is $43.79. 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 announced its quarterly earnings data 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 for 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%.

Wall Street Analyst Weigh In

Separately, UBS Group reduced 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.

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.