Geode Capital Management LLC Grows Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Geode Capital Management LLC boosted its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 721,810 shares of the company’s stock after acquiring an additional 15,734 shares during the period. Geode Capital Management LLC’s holdings in National Beverage were worth $30,805,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Schroder Investment Management Group bought a new position in shares of National Beverage during the fourth quarter valued at approximately $608,000. Allspring Global Investments Holdings LLC grew its holdings in National Beverage by 1,292.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company’s stock valued at $1,156,000 after purchasing an additional 25,311 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of National Beverage by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company’s stock valued at $11,592,000 after acquiring an additional 7,075 shares in the last quarter. Barclays PLC lifted its stake in National Beverage by 389.9% in the 3rd 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. Finally, Asset Management One Co. Ltd. acquired a new stake in National Beverage during the fourth quarter worth about $746,000. 23.95% of the stock is currently owned by institutional investors.

National Beverage Stock Performance

Shares of FIZZ opened at $43.13 on Thursday. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 21.67 and a beta of 0.94. The firm has a 50-day simple moving average of $41.06 and a 200-day simple moving average of $43.92. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $53.48.

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 net margin of 15.63% and a return on equity of 42.80%. The business had revenue of $267.05 million during the quarter, compared to analyst estimates of $282.22 million.

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.