Jump Financial LLC Takes $277,000 Position in National Beverage Corp. (NASDAQ:FIZZ)

Jump Financial LLC bought a new stake in shares of National Beverage Corp. (NASDAQ:FIZZ) during the 4th quarter, HoldingsChannel.com reports. The firm bought 6,500 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FIZZ. Vanguard Group Inc. lifted its stake in National Beverage by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 2,747,752 shares of the company’s stock worth $117,247,000 after purchasing an additional 31,062 shares during the period. Geode Capital Management LLC lifted its position in shares of National Beverage by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 721,810 shares of the company’s stock worth $30,805,000 after buying an additional 15,734 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in National Beverage by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company’s stock valued at $11,592,000 after buying an additional 7,075 shares in the last quarter. Norges Bank bought a new stake in National Beverage in the fourth quarter valued at $9,718,000. Finally, Wells Fargo & Company MN raised its stake in National Beverage by 0.8% during the fourth quarter. Wells Fargo & Company MN now owns 225,501 shares of the company’s stock worth $9,622,000 after acquiring an additional 1,755 shares in the last quarter. Institutional investors own 23.95% of the company’s stock.

National Beverage Trading Down 1.0 %

Shares of National Beverage stock opened at $43.52 on Friday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 21.87 and a beta of 0.94. The firm’s 50-day moving average price is $41.64 and its two-hundred day moving average price is $43.81. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $53.48.

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

Insider Transactions at National Beverage

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the company’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 transaction of $347,200.00. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 74.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group reduced their target price 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.

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.