Ballentine Partners LLC bought a new stake in National Beverage Corp. (NASDAQ:FIZZ – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,162 shares of the company’s stock, valued at approximately $547,000.
Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. grew its position in shares of National Beverage by 366.8% in the third quarter. Hantz Financial Services Inc. now owns 859 shares of the company’s stock valued at $32,000 after purchasing an additional 675 shares during the period. AlphaQuest LLC purchased a new position in shares of National Beverage in the third quarter worth about $33,000. Osaic Holdings Inc. lifted its stake in shares of National Beverage by 72.5% in the second quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock worth $44,000 after buying an additional 428 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of National Beverage in the third quarter worth about $39,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of National Beverage by 213.5% in the third quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock worth $39,000 after buying an additional 726 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.
National Beverage Trading Down 1.7%
NASDAQ:FIZZ opened at $34.55 on Tuesday. The company’s 50-day moving average price is $34.52 and its 200-day moving average price is $34.19. The company has a market cap of $3.23 billion, a P/E ratio of 17.19 and a beta of 0.74. National Beverage Corp. has a twelve month low of $31.21 and a twelve month high of $47.89.
Analyst Ratings Changes
Several research firms have recently weighed in on FIZZ. UBS Group raised their price target on shares of National Beverage from $34.00 to $35.00 and gave the stock a “sell” rating in a research note on Monday, March 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a research note on Friday, March 27th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, National Beverage presently has a consensus rating of “Sell” and a consensus target price of $35.00.
Check Out Our Latest Research Report on FIZZ
National Beverage Company Profile
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.
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