RK Asset Management LLC Trims Stake in National Beverage Corp. (NASDAQ:FIZZ)

RK Asset Management LLC reduced its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,481 shares of the company’s stock after selling 3,263 shares during the period. National Beverage accounts for approximately 6.8% of RK Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. RK Asset Management LLC owned approximately 0.21% of National Beverage worth $8,341,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its position in National Beverage by 22.2% in the second quarter. National Bank of Canada FI now owns 5,049 shares of the company’s stock worth $266,000 after acquiring an additional 916 shares during the period. Victory Capital Management Inc. lifted its position in National Beverage by 6.7% during the second quarter. Victory Capital Management Inc. now owns 14,682 shares of the company’s stock valued at $752,000 after purchasing an additional 922 shares during the last quarter. Quest Partners LLC purchased a new position in shares of National Beverage in the 2nd quarter worth about $34,000. Texas Permanent School Fund Corp grew its position in National Beverage by 11.8% during the second quarter. Texas Permanent School Fund Corp now owns 22,835 shares of the company’s stock valued at $1,170,000 after acquiring an additional 2,401 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in National Beverage by 760.2% during the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after acquiring an additional 745 shares during the period. 23.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at National Beverage

In other news, Director Cecil D. Conlee sold 2,736 shares of National Beverage stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the sale, the director now directly owns 53,744 shares in the company, valued at approximately $2,526,505.44. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 74.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

National Beverage Stock Up 1.5 %

FIZZ traded up $0.63 during midday trading on Friday, reaching $43.03. The company had a trading volume of 142,506 shares, compared to its average volume of 159,953. National Beverage Corp. has a 1 year low of $42.08 and a 1 year high of $53.57. The company has a market cap of $4.03 billion, a P/E ratio of 21.62 and a beta of 0.86. The business has a 50-day moving average of $46.93 and a two-hundred day moving average of $47.10.

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.