Natixis Advisors LLC raised its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ – Free Report) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,339 shares of the company’s stock after buying an additional 31,783 shares during the period. Natixis Advisors LLC’s holdings in National Beverage were worth $7,154,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in FIZZ. Hantz Financial Services Inc. boosted its position in National Beverage by 366.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 859 shares of the company’s stock worth $32,000 after purchasing an additional 675 shares during the period. AlphaQuest LLC acquired a new stake in National Beverage during the 3rd quarter valued at $33,000. Brown Brothers Harriman & Co. lifted its position in shares of National Beverage by 213.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock worth $39,000 after purchasing an additional 726 shares during the last quarter. Advisory Services Network LLC bought a new position in National Beverage during the 3rd quarter worth approximately $39,000. Finally, WealthCollab LLC lifted its stake in National Beverage by 502.8% during the fourth quarter. WealthCollab LLC now owns 1,296 shares of the company’s stock worth $41,000 after purchasing an additional 1,081 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on FIZZ shares. 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 report on Monday, March 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of National Beverage in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell” and an average target price of $35.00.
National Beverage Stock Performance
FIZZ stock opened at $36.51 on Monday. National Beverage Corp. has a 52 week low of $31.21 and a 52 week high of $47.89. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 18.16 and a beta of 0.76. The firm’s 50-day moving average is $34.69 and its two-hundred day moving average is $34.44.
National Beverage (NASDAQ:FIZZ – Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $264.59 million for the quarter, compared to analysts’ expectations of $271.06 million. National Beverage had a net margin of 15.71% and a return on equity of 36.00%.
National Beverage 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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