Semanteon Capital Management LP Trims Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Semanteon Capital Management LP lowered its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 5.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,523 shares of the company’s stock after selling 1,218 shares during the period. Semanteon Capital Management LP’s holdings in National Beverage were worth $876,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in shares of National Beverage during the 4th quarter valued at $40,000. KBC Group NV boosted its stake in shares of National Beverage by 89.3% in the fourth quarter. KBC Group NV now owns 1,357 shares of the company’s stock worth $58,000 after acquiring an additional 640 shares during the period. GAMMA Investing LLC grew its position in shares of National Beverage by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company’s stock worth $68,000 after purchasing an additional 484 shares in the last quarter. Jones Financial Companies Lllp raised its stake in National Beverage by 158.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company’s stock valued at $102,000 after purchasing an additional 1,463 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in National Beverage by 78.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,171 shares of the company’s stock worth $135,000 after purchasing an additional 1,390 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors.

National Beverage Price Performance

NASDAQ FIZZ opened at $39.75 on Friday. The stock has a market capitalization of $3.72 billion, a PE ratio of 19.97 and a beta of 0.87. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $53.48. The business has a 50 day simple moving average of $41.08 and a two-hundred day simple moving average of $44.40.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). The company had revenue of $267.05 million for the quarter, compared to the consensus estimate of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their target price 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 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.