Connor Clark & Lunn Investment Management Ltd. Buys 7,373 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Connor Clark & Lunn Investment Management Ltd. boosted its position in National Beverage Corp. (NASDAQ:FIZZ) by 17.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,638 shares of the company’s stock after buying an additional 7,373 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of National Beverage worth $2,377,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIZZ. Canada Pension Plan Investment Board bought a new stake in shares of National Beverage during the 2nd quarter worth approximately $31,000. Quarry LP increased its holdings in shares of National Beverage by 584.9% in the second quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after purchasing an additional 544 shares during the last quarter. Blue Trust Inc. grew its stake in National Beverage by 323.0% in the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $33,000 after buying an additional 491 shares during the last quarter. Quest Partners LLC bought a new position in shares of National Beverage during the second quarter worth approximately $34,000. Finally, Headlands Technologies LLC increased its position in National Beverage by 760.2% during the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock worth $43,000 after buying an additional 745 shares during the period. 23.95% of the stock is currently owned by institutional investors and hedge funds.

National Beverage Trading Up 3.7 %

NASDAQ FIZZ opened at $49.62 on Tuesday. National Beverage Corp. has a 1 year low of $42.85 and a 1 year high of $53.58. The firm’s 50 day simple moving average is $46.53 and its 200 day simple moving average is $47.18. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 25.19 and a beta of 0.83.

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

Analyst Upgrades and Downgrades

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

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.