Nisa Investment Advisors LLC lifted its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ – Free Report) by 1,761.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,569 shares of the company’s stock after purchasing an additional 15,679 shares during the quarter. Nisa Investment Advisors LLC’s holdings in National Beverage were worth $484,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its stake in National Beverage by 958.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company’s stock worth $29,000 after buying an additional 815 shares during the period. Allworth Financial LP purchased a new position in National Beverage in the 2nd quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. purchased a new position in National Beverage in the 2nd quarter valued at approximately $37,000. Integrated Wealth Concepts LLC purchased a new position in National Beverage in the 2nd quarter valued at approximately $40,000. Finally, Versant Capital Management Inc grew its stake in shares of National Beverage by 175.6% in the second quarter. Versant Capital Management Inc now owns 1,367 shares of the company’s stock worth $43,000 after acquiring an additional 871 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.
Analysts Set New Price Targets
FIZZ has been the topic of a number of recent research reports. Weiss Ratings raised National Beverage from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. UBS Group set a $31.00 target price on National Beverage and gave the company a “sell” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, National Beverage has a consensus rating of “Reduce” and an average price target of $31.00.
Check Out Our Latest Report on FIZZ
National Beverage Stock Performance
Shares of National Beverage stock opened at $34.27 on Thursday. The business has a 50-day simple moving average of $32.13 and a 200-day simple moving average of $33.65. National Beverage Corp. has a one year low of $28.97 and a one year high of $38.21. The company has a market cap of $3.21 billion, a PE ratio of 18.42 and a beta of 0.87.
National Beverage (NASDAQ:FIZZ – Get Free Report) last issued its earnings results on Thursday, September 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09). National Beverage had a net margin of 14.81% and a return on equity of 32.61%. The firm had revenue of $330.66 million during the quarter, compared to analyst estimates of $342.08 million.
National Beverage Profile
National Beverage Corp. is a beverage company that develops, produces and distributes a portfolio of carbonated soft drinks, flavored sparkling waters, energy drinks, juices and other nonalcoholic beverages. The company is best known for LaCroix sparkling water and also markets brands including Shasta, Faygo, Rip It, Everfresh, Mr. Pure and Tahitian Treat.
National Beverage serves consumers primarily in the United States through grocery stores, mass merchandisers, convenience stores, food-service outlets and other retail channels.
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