National Beverage Corp. (NASDAQ:FIZZ) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in National Beverage Corp. (NASDAQ:FIZZ) by 47.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 216,763 shares of the company’s stock after acquiring an additional 69,400 shares during the period. D. E. Shaw & Co. Inc. owned about 0.23% of National Beverage worth $9,249,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Schroder Investment Management Group acquired a new stake in shares of National Beverage during the fourth quarter worth about $608,000. Allspring Global Investments Holdings LLC grew its stake in National Beverage by 1,292.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company’s stock worth $1,156,000 after buying an additional 25,311 shares during the last quarter. JPMorgan Chase & Co. increased its position in National Beverage by 151.4% during the fourth 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 stake in National Beverage by 2.7% in the fourth 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 during the last quarter. Finally, Barclays PLC boosted its holdings in shares of National Beverage by 389.9% in the third 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. Institutional investors and hedge funds own 23.95% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group lowered 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 report on Thursday, February 27th.

Insider Buying and Selling at National Beverage

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 62,408 shares in the company, valued at approximately $2,708,507.20. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 74.80% of the company’s stock.

National Beverage Stock Performance

NASDAQ FIZZ opened at $43.14 on Thursday. The firm’s fifty day moving average is $42.44 and its two-hundred day moving average is $43.64. National Beverage Corp. has a one year low of $38.25 and a one year high of $53.48. The firm has a market cap of $4.04 billion, a PE ratio of 21.68 and a beta of 0.88.

National Beverage (NASDAQ:FIZZ) last issued 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 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.

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.