Gamco Investors INC. ET AL trimmed its stake in National Beverage Corp. (NASDAQ:FIZZ) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 256,435 shares of the company’s stock after selling 40,175 shares during the quarter. Gamco Investors INC. ET AL owned 0.55% of National Beverage worth $24,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of FIZZ. Schwab Charles Investment Management Inc. grew its holdings in shares of National Beverage by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 52,784 shares of the company’s stock worth $4,939,000 after purchasing an additional 377 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in National Beverage during the 2nd quarter worth approximately $436,000. Northern Trust Corp boosted its position in National Beverage by 3.4% during the 2nd quarter. Northern Trust Corp now owns 222,474 shares of the company’s stock worth $20,816,000 after acquiring an additional 7,345 shares during the last quarter. Vanguard Group Inc. boosted its position in National Beverage by 20.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,095,263 shares of the company’s stock worth $102,472,000 after acquiring an additional 184,592 shares during the last quarter. Finally, FMR LLC boosted its position in National Beverage by 20.0% during the 2nd quarter. FMR LLC now owns 940,821 shares of the company’s stock worth $88,023,000 after acquiring an additional 156,515 shares during the last quarter. 21.16% of the stock is owned by institutional investors and hedge funds.
Shares of National Beverage Corp. (NASDAQ FIZZ) traded up $1.42 on Wednesday, hitting $96.73. The stock had a trading volume of 220,500 shares, compared to its average volume of 306,411. National Beverage Corp. has a 52 week low of $56.53 and a 52 week high of $129.82. The company has a market capitalization of $4,500.00, a P/E ratio of 36.03 and a beta of 0.72.
National Beverage (NASDAQ:FIZZ) last announced its earnings results on Thursday, December 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. National Beverage had a return on equity of 54.30% and a net margin of 13.80%. The company had revenue of $244.10 million for the quarter, compared to analysts’ expectations of $239.11 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. National Beverage’s quarterly revenue was up 20.1% on a year-over-year basis.
FIZZ has been the topic of a number of analyst reports. Susquehanna Bancshares set a $108.00 price objective on National Beverage and gave the stock a “hold” rating in a research note on Monday, October 23rd. UBS Group raised National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. BidaskClub raised National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, Credit Suisse Group reissued a “sell” rating on shares of National Beverage in a report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $98.33.
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About National Beverage
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.
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