Tidal Investments LLC Invests $1.57 Million in National Beverage Corp. (NASDAQ:FIZZ)

Tidal Investments LLC purchased a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,719 shares of the company’s stock, valued at approximately $1,567,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIZZ. Barclays PLC boosted its position in shares of National Beverage by 389.9% during the third quarter. Barclays PLC now owns 41,810 shares of the company’s stock worth $1,962,000 after purchasing an additional 33,275 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of National Beverage by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 39,559 shares of the company’s stock worth $1,688,000 after purchasing an additional 1,624 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of National Beverage by 1.5% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 37,256 shares of the company’s stock worth $1,590,000 after purchasing an additional 564 shares in the last quarter. KBC Group NV boosted its position in shares of National Beverage by 89.3% during the fourth quarter. KBC Group NV now owns 1,357 shares of the company’s stock worth $58,000 after purchasing an additional 640 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of National Beverage by 78.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,171 shares of the company’s stock worth $135,000 after purchasing an additional 1,390 shares in the last quarter. 23.95% of the stock is owned by institutional investors.

National Beverage Stock Down 0.9%

Shares of NASDAQ:FIZZ opened at $43.95 on Friday. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $53.48. The company’s fifty day simple moving average is $42.94 and its 200 day simple moving average is $43.60. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 22.09 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 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 company had revenue of $267.05 million for the quarter, compared to analyst estimates of $282.22 million.

Insider Buying and Selling

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of National Beverage 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 sale, the director now directly owns 62,408 shares in the company, valued at approximately $2,708,507.20. The trade was a 11.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 74.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their price target 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.

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.