Bokf Na Buys New Stake in National Beverage Corp. (NASDAQ:FIZZ)

Bokf Na acquired a new position in National Beverage Corp. (NASDAQ:FIZZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,570 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group purchased a new stake in shares of National Beverage during the 4th quarter worth about $608,000. Allspring Global Investments Holdings LLC grew its holdings in National Beverage by 1,292.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company’s stock valued at $1,156,000 after purchasing an additional 25,311 shares during the period. JPMorgan Chase & Co. raised its stake in shares of National Beverage by 151.4% during the 4th 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 during the period. Charles Schwab Investment Management Inc. lifted its position in shares of National Beverage by 2.7% during 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. Finally, Barclays PLC grew its stake in National Beverage by 389.9% in the 3rd quarter. Barclays PLC now owns 41,810 shares of the company’s stock valued at $1,962,000 after acquiring an additional 33,275 shares during the period. 23.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their price target on 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 Trading Down 0.6 %

Shares of FIZZ opened at $43.54 on Friday. The firm has a 50-day moving average price of $42.33 and a 200 day moving average price of $43.67. National Beverage Corp. has a 12-month low of $38.25 and a 12-month high of $53.48. The firm has a market capitalization of $4.08 billion, a P/E ratio of 21.88 and a beta of 0.88.

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

Insider Activity at National Beverage

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 62,408 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 74.80% of the stock is currently owned by company insiders.

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.