Schwab Charles Investment Management Inc. grew its holdings in shares of National Beverage (NASDAQ:FIZZ) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,538 shares of the company’s stock after buying an additional 843 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.16% of National Beverage worth $7,069,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FIZZ. American International Group Inc. grew its position in shares of National Beverage by 8.1% during the 3rd quarter. American International Group Inc. now owns 7,875 shares of the company’s stock valued at $977,000 after acquiring an additional 589 shares during the period. Victory Capital Management Inc. boosted its holdings in National Beverage by 8.2% in the 3rd quarter. Victory Capital Management Inc. now owns 8,447 shares of the company’s stock worth $1,048,000 after buying an additional 637 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in National Beverage by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 121,125 shares of the company’s stock worth $15,026,000 after buying an additional 872 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in National Beverage by 61.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,201 shares of the company’s stock worth $397,000 after buying an additional 1,214 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in National Beverage in the 3rd quarter worth about $188,000. 23.66% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on FIZZ shares. Susquehanna Bancshares set a $150.00 price target on shares of National Beverage and gave the company a “buy” rating in a research report on Monday, December 4th. BidaskClub raised National Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Maxim Group boosted their price target on shares of National Beverage from $40.00 to $45.00 and gave the stock a “sell” rating in a research note on Friday, March 9th. Finally, Credit Suisse Group reiterated a “sell” rating on shares of National Beverage in a research note on Friday, December 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $91.67.
Shares of NASDAQ:FIZZ traded down $2.02 on Monday, reaching $87.00. The company’s stock had a trading volume of 388,670 shares, compared to its average volume of 308,500. The stock has a market capitalization of $4,149.10, a price-to-earnings ratio of 29.19 and a beta of 0.93. National Beverage has a 52-week low of $81.65 and a 52-week high of $129.82.
National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, March 8th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.21. National Beverage had a net margin of 15.10% and a return on equity of 56.83%. The firm had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $232.06 million. During the same period in the prior year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis.
National Beverage Company Profile
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of flavored beverage products in North America and internationally. The company offers beverages to the active and health-conscious consumers, including sparkling waters under the LaCroix, LaCroix Cúrate, LaCroix NiCola, and Shasta Sparkling Water brand names; energy drinks and shots under the Rip It brand name; juice and juice-based products under the Everfresh, Everfresh Premier Varietals, and Mr.
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