Nationwide Fund Advisors Decreases Holdings in National Beverage Corp. (FIZZ)

Nationwide Fund Advisors cut its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 18.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,196 shares of the company’s stock after selling 10,740 shares during the period. Nationwide Fund Advisors owned approximately 0.10% of National Beverage worth $5,855,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FIZZ. Wells Fargo & Company MN grew its stake in shares of National Beverage by 2,488.3% in the second quarter. Wells Fargo & Company MN now owns 466,907 shares of the company’s stock valued at $43,684,000 after acquiring an additional 448,868 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of National Beverage by 20.3% in the second quarter. Vanguard Group Inc. now owns 1,095,263 shares of the company’s stock valued at $102,472,000 after acquiring an additional 184,592 shares in the last quarter. FMR LLC grew its stake in shares of National Beverage by 20.0% in the second quarter. FMR LLC now owns 940,821 shares of the company’s stock valued at $88,023,000 after acquiring an additional 156,515 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of National Beverage by 806.9% in the second quarter. Goldman Sachs Group Inc. now owns 94,579 shares of the company’s stock valued at $8,849,000 after acquiring an additional 84,150 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of National Beverage by 14.4% in the second quarter. Renaissance Technologies LLC now owns 645,000 shares of the company’s stock valued at $60,346,000 after acquiring an additional 81,000 shares in the last quarter. Institutional investors and hedge funds own 21.40% of the company’s stock.

Shares of National Beverage Corp. (NASDAQ FIZZ) opened at $101.29 on Wednesday. National Beverage Corp. has a 52-week low of $45.40 and a 52-week high of $129.82. The firm has a market cap of $4,720.00, a PE ratio of 37.49 and a beta of 0.55.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. National Beverage had a net margin of 13.80% and a return on equity of 54.30%. The business had revenue of $244.10 million during the quarter, compared to analysts’ expectations of $239.11 million. During the same quarter in the prior year, the business posted $0.53 earnings per share. National Beverage’s revenue was up 20.1% compared to the same quarter last year.

Several research firms recently commented on FIZZ. Susquehanna Bancshares set a $150.00 price target on shares of National Beverage and gave the company a “buy” rating in a research note on Monday, December 4th. BidaskClub upgraded shares of National Beverage from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. UBS upgraded shares of National Beverage from a “neutral” rating to a “positive” rating in a research note on Monday, November 20th. Maxim Group restated a “sell” rating and issued a $40.00 price target (up from $33.00) on shares of National Beverage in a research note on Friday, September 8th. Finally, Credit Suisse Group restated a “sell” rating on shares of National Beverage in a research note on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $94.00.

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National Beverage Company Profile

National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.

Institutional Ownership by Quarter for National Beverage (NASDAQ:FIZZ)

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