National Beverage Corp. (NASDAQ:FIZZ) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ – Get Rating) by 276.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,970 shares of the company’s stock after purchasing an additional 15,395 shares during the period. Allspring Global Investments Holdings LLC’s holdings in National Beverage were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Truist Financial Corp raised its position in shares of National Beverage by 4.2% in the third quarter. Truist Financial Corp now owns 44,228 shares of the company’s stock worth $1,704,000 after acquiring an additional 1,802 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of National Beverage by 12.9% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 19,436 shares of the company’s stock worth $749,000 after acquiring an additional 2,222 shares during the period. Denali Advisors LLC raised its position in shares of National Beverage by 3,140.0% in the third quarter. Denali Advisors LLC now owns 16,200 shares of the company’s stock worth $624,000 after acquiring an additional 15,700 shares during the period. Raymond James & Associates acquired a new position in shares of National Beverage in the third quarter worth about $551,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of National Beverage in the third quarter worth about $428,000. 23.40% of the stock is currently owned by institutional investors and hedge funds.

National Beverage Stock Up 1.3 %

FIZZ opened at $42.83 on Monday. National Beverage Corp. has a twelve month low of $38.10 and a twelve month high of $57.65. The company has a 50-day moving average price of $48.28 and a 200 day moving average price of $48.08. The company has a market cap of $4.00 billion, a PE ratio of 29.34 and a beta of 1.10.

Analyst Ratings Changes

FIZZ has been the subject of a number of analyst reports. StockNews.com downgraded shares of National Beverage from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. Jefferies Financial Group downgraded shares of National Beverage from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $42.00 to $38.00 in a research report on Wednesday, January 4th.

National Beverage Profile

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National Beverage Corp. engages in the development, manufacture, market, and sale of flavored beverage products. Its brands include Big Shot, Clear Fruit, Crystal Bay, Everfresh, Everfresh Premier Varietals, Faygo, LaCroix, LaCroix Cúrate, Mr.Pure, Nicola, Ohana, Ritz, Rip It, Rip It 2oz Shot, Ritz and Shasta.