BlackRock Inc. trimmed its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 821,812 shares of the company’s stock after selling 11,245 shares during the quarter. BlackRock Inc. owned about 1.76% of National Beverage worth $36,678,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of FIZZ. Prudential Financial Inc. grew its position in National Beverage by 99.4% during the second quarter. Prudential Financial Inc. now owns 463,524 shares of the company’s stock worth $20,688,000 after buying an additional 231,028 shares in the last quarter. Renaissance Technologies LLC grew its position in National Beverage by 7.5% during the second quarter. Renaissance Technologies LLC now owns 2,670,500 shares of the company’s stock worth $119,184,000 after buying an additional 187,000 shares in the last quarter. HighTower Advisors LLC purchased a new position in National Beverage during the second quarter worth about $3,411,000. Natixis Advisors L.P. grew its position in National Beverage by 447.2% during the second quarter. Natixis Advisors L.P. now owns 89,371 shares of the company’s stock worth $3,989,000 after buying an additional 73,040 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in National Beverage by 54.4% during the second quarter. Wells Fargo & Company MN now owns 160,806 shares of the company’s stock worth $7,177,000 after buying an additional 56,646 shares in the last quarter. Institutional investors and hedge funds own 32.99% of the company’s stock.
Shares of FIZZ stock opened at $49.09 on Friday. The company has a quick ratio of 2.50, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $43.98 and a two-hundred day moving average price of $47.64. National Beverage Corp. has a 12-month low of $38.28 and a 12-month high of $103.61. The firm has a market cap of $2.29 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 9.15 and a beta of 1.32.
National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.03). National Beverage had a return on equity of 35.66% and a net margin of 12.85%. The firm had revenue of $263.57 million for the quarter, compared to the consensus estimate of $272.85 million. During the same period last year, the firm earned $1.04 EPS. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. As a group, research analysts expect that National Beverage Corp. will post 2.51 EPS for the current fiscal year.
FIZZ has been the subject of several recent analyst reports. ValuEngine upgraded National Beverage from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Maxim Group restated a “hold” rating on shares of National Beverage in a research report on Thursday, June 27th. UBS Group reduced their target price on National Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Imperial Capital restated an “outperform” rating and set a $65.00 target price (down from $150.00) on shares of National Beverage in a research report on Monday, July 1st. Finally, Zacks Investment Research cut National Beverage from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. National Beverage presently has an average rating of “Hold” and an average target price of $57.31.
National Beverage Company Profile
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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