Martingale Asset Management L P Has $268,000 Stake in National Beverage Corp. (NASDAQ:FIZZ)

Martingale Asset Management L P lowered its stake in National Beverage Corp. (NASDAQ:FIZZ) by 53.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,700 shares of the company’s stock after selling 6,500 shares during the period. Martingale Asset Management L P’s holdings in National Beverage were worth $268,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jennison Associates LLC acquired a new stake in National Beverage in the 3rd quarter worth approximately $1,126,000. Nisa Investment Advisors LLC raised its position in shares of National Beverage by 3,226.4% in the second quarter. Nisa Investment Advisors LLC now owns 9,713 shares of the company’s stock valued at $529,000 after purchasing an additional 9,421 shares during the period. SG Americas Securities LLC lifted its stake in shares of National Beverage by 11.6% in the third quarter. SG Americas Securities LLC now owns 11,066 shares of the company’s stock worth $519,000 after buying an additional 1,146 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of National Beverage by 307.6% during the 2nd quarter. Squarepoint Ops LLC now owns 35,673 shares of the company’s stock worth $1,828,000 after buying an additional 26,920 shares during the period. Finally, New York State Teachers Retirement System grew its stake in National Beverage by 8.3% in the 3rd quarter. New York State Teachers Retirement System now owns 25,713 shares of the company’s stock valued at $1,207,000 after buying an additional 1,967 shares during the last quarter. Institutional investors own 23.95% of the company’s stock.

Analyst Ratings Changes

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

National Beverage Stock Down 0.8 %

Shares of NASDAQ:FIZZ opened at $49.52 on Wednesday. The business has a 50 day moving average price of $47.04 and a 200 day moving average price of $47.26. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 25.14 and a beta of 0.83. National Beverage Corp. has a twelve month low of $42.85 and a twelve month high of $53.58.

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

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.