Collaborative Fund Advisors LLC Invests $1.91 Million in National Beverage Corp. $FIZZ

Collaborative Fund Advisors LLC purchased a new stake in National Beverage Corp. (NASDAQ:FIZZ) in the first quarter, HoldingsChannel reports. The firm purchased 56,871 shares of the company’s stock, valued at approximately $1,914,000. National Beverage comprises about 1.2% of Collaborative Fund Advisors LLC’s portfolio, making the stock its 29th largest position.

A number of other hedge funds have also modified their holdings of FIZZ. Vanguard Group Inc. boosted its stake in National Beverage by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,784,866 shares of the company’s stock worth $88,809,000 after acquiring an additional 41,139 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in National Beverage by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,444,432 shares of the company’s stock worth $46,066,000 after purchasing an additional 56,027 shares during the period. State Street Corp raised its holdings in National Beverage by 3.2% in the fourth quarter. State Street Corp now owns 902,801 shares of the company’s stock worth $28,790,000 after purchasing an additional 28,036 shares during the period. Geode Capital Management LLC boosted its position in shares of National Beverage by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 754,412 shares of the company’s stock worth $24,061,000 after purchasing an additional 4,288 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of National Beverage by 53.7% during the third quarter. Two Sigma Investments LP now owns 320,687 shares of the company’s stock worth $11,840,000 after purchasing an additional 111,978 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FIZZ shares. UBS Group reissued a “sell” rating and issued a $33.00 price target (down from $35.00) on shares of National Beverage in a report on Friday, June 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of National Beverage in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus target price of $33.00.

National Beverage Stock Performance

Shares of FIZZ opened at $33.33 on Monday. The stock has a 50 day simple moving average of $35.01 and a 200 day simple moving average of $34.51. National Beverage Corp. has a 52-week low of $30.75 and a 52-week high of $47.89. The firm has a market capitalization of $3.12 billion, a PE ratio of 17.01 and a beta of 0.79.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Wednesday, July 1st. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $297.12 million for the quarter, compared to analyst estimates of $294.81 million. National Beverage had a return on equity of 32.20% and a net margin of 15.56%.

National Beverage Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, July 30th. Investors of record on Monday, July 13th will be issued a dividend of $3.25 per share. The ex-dividend date is Monday, July 13th.

About National Beverage

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.