6,504 Shares in National Beverage Corp. (NASDAQ:FIZZ) Purchased by Warburton Capital Management LLC

Warburton Capital Management LLC purchased a new position in National Beverage Corp. (NASDAQ:FIZZ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,504 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in National Beverage by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 706,076 shares of the company’s stock worth $33,148,000 after buying an additional 28,688 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 worth $11,592,000 after buying an additional 7,075 shares during the last quarter. Cerity Partners LLC raised its position in National Beverage by 1.7% in the 3rd quarter. Cerity Partners LLC now owns 179,574 shares of the company’s stock worth $8,429,000 after buying an additional 2,931 shares during the last quarter. Denali Advisors LLC raised its position in National Beverage by 1.8% in the 4th quarter. Denali Advisors LLC now owns 149,620 shares of the company’s stock worth $6,384,000 after buying an additional 2,588 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in National Beverage by 72.3% in the 3rd quarter. Verition Fund Management LLC now owns 148,892 shares of the company’s stock worth $6,989,000 after buying an additional 62,464 shares during the last quarter. Institutional investors own 23.95% of the company’s stock.

Insiders Place Their Bets

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total value of $128,619.36. Following the completion of the transaction, the director now directly owns 53,744 shares in the company, valued at $2,526,505.44. This represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 74.80% of the stock is currently owned by corporate insiders.

National Beverage Trading Down 1.0 %

National Beverage stock opened at $42.12 on Wednesday. The firm has a 50 day moving average of $41.44 and a 200 day moving average of $44.63. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 21.17 and a beta of 0.87. National Beverage Corp. has a 12-month low of $38.25 and a 12-month high of $53.48.

National Beverage (NASDAQ:FIZZ) last released its 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). The firm had revenue of $267.05 million during the quarter, compared to analysts’ expectations of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Wall Street Analyst Weigh In

Separately, UBS Group reduced their price target on shares of National Beverage from $46.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, February 27th.

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.