Raymond James Financial Inc. Buys Shares of 14,787 National Beverage Corp. (NASDAQ:FIZZ)

Raymond James Financial Inc. purchased a new position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,787 shares of the company's stock, valued at approximately $631,000.

A number of other institutional investors also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of National Beverage during the fourth quarter worth about $40,000. KBC Group NV lifted its stake in National Beverage by 89.3% during 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 during the period. GAMMA Investing LLC boosted 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 during the last quarter. Jones Financial Companies Lllp boosted 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 during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of National Beverage by 78.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,171 shares of the company's stock worth $135,000 after acquiring an additional 1,390 shares during the period. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at National Beverage

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total value 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. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 74.80% of the company's stock.

National Beverage Price Performance

FIZZ stock traded down $0.17 during mid-day trading on Tuesday, reaching $43.77. 11,934 shares of the company's stock were exchanged, compared to its average volume of 184,130. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 21.99 and a beta of 0.88. The stock's 50 day moving average is $42.40 and its 200 day moving average is $43.64. National Beverage Corp. has a 12-month low of $38.25 and a 12-month high of $53.48.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its 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 net margin of 15.63% and a return on equity of 42.80%. The company had revenue of $267.05 million during the quarter, compared to analyst estimates of $282.22 million.

Analyst Ratings Changes

Separately, UBS Group decreased their target price 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.

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.