National Beverage Corp. (NASDAQ:FIZZ) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 210,491 shares of the company's stock after selling 13,929 shares during the period. Envestnet Asset Management Inc. owned approximately 0.22% of National Beverage worth $8,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIZZ. Wells Fargo & Company MN grew its holdings in National Beverage by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 225,501 shares of the company's stock valued at $9,622,000 after purchasing an additional 1,755 shares during the last quarter. Trexquant Investment LP grew its holdings in National Beverage by 32.9% in the fourth quarter. Trexquant Investment LP now owns 37,108 shares of the company's stock valued at $1,583,000 after purchasing an additional 9,192 shares during the last quarter. Headlands Technologies LLC grew its holdings in National Beverage by 73.6% in the fourth quarter. Headlands Technologies LLC now owns 11,946 shares of the company's stock valued at $510,000 after purchasing an additional 5,063 shares during the last quarter. Geode Capital Management LLC grew its holdings in National Beverage by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 721,810 shares of the company's stock valued at $30,805,000 after purchasing an additional 15,734 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new stake in National Beverage in the fourth quarter valued at $608,000. Institutional investors and hedge funds own 23.95% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling at National Beverage

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

National Beverage Trading Down 0.4 %

Shares of National Beverage stock traded down $0.17 during mid-day trading on Thursday, hitting $43.76. 9,340 shares of the stock were exchanged, compared to its average volume of 182,255. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $53.48. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 22.03 and a beta of 0.94. The company has a 50-day simple moving average of $41.46 and a 200 day simple moving average of $43.84.

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

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.