Verition Fund Management LLC Raises Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Verition Fund Management LLC raised its stake in National Beverage Corp. (NASDAQ:FIZZ) by 72.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,892 shares of the company’s stock after purchasing an additional 62,464 shares during the period. Verition Fund Management LLC’s holdings in National Beverage were worth $6,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new position in shares of National Beverage in the 2nd quarter worth approximately $31,000. Quarry LP boosted its stake in National Beverage by 584.9% in the second quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after acquiring an additional 544 shares in the last quarter. Blue Trust Inc. grew its holdings in National Beverage by 323.0% in the third quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $33,000 after purchasing an additional 491 shares during the last quarter. Quest Partners LLC acquired a new position in shares of National Beverage during the second quarter worth $34,000. Finally, Headlands Technologies LLC boosted its position in shares of National Beverage by 760.2% in the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock worth $43,000 after purchasing an additional 745 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group reduced their target price on National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a research report on Tuesday, September 10th.

National Beverage Trading Down 0.4 %

NASDAQ:FIZZ opened at $49.39 on Monday. National Beverage Corp. has a twelve month low of $42.85 and a twelve month high of $53.58. The company has a market cap of $4.62 billion, a PE ratio of 25.07 and a beta of 0.83. The company’s 50 day moving average is $46.88 and its two-hundred day moving average is $47.23.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $329.47 million for the quarter. National Beverage had a net margin of 15.36% and a return on equity of 39.91%.

About National Beverage

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.