Acadian Asset Management LLC lessened its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 33.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,448 shares of the company’s stock after selling 71,244 shares during the period. Acadian Asset Management LLC owned about 0.31% of National Beverage worth $13,978,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in National Beverage during the 2nd quarter valued at about $173,000. BNP Paribas Arbitrage SA increased its holdings in National Beverage by 724.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock valued at $184,000 after purchasing an additional 1,725 shares during the period. Sei Investments Co. purchased a new position in National Beverage during the 3rd quarter valued at about $188,000. Advisor Group Inc. increased its holdings in National Beverage by 155.9% during the 2nd quarter. Advisor Group Inc. now owns 2,293 shares of the company’s stock valued at $214,000 after purchasing an additional 1,397 shares during the period. Finally, Essex Financial Services Inc. purchased a new position in National Beverage during the 3rd quarter valued at about $214,000. Institutional investors own 21.16% of the company’s stock.
National Beverage Corp. (NASDAQ FIZZ) traded up $0.19 during mid-day trading on Wednesday, hitting $96.92. The company’s stock had a trading volume of 180,460 shares, compared to its average volume of 309,608. National Beverage Corp. has a 1 year low of $56.53 and a 1 year high of $129.82. The stock has a market cap of $4,500.00, a P/E ratio of 36.03 and a beta of 0.72.
National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, December 7th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. National Beverage had a return on equity of 54.30% and a net margin of 13.80%. The firm had revenue of $244.10 million for the quarter, compared to the consensus estimate of $239.11 million. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 20.1% on a year-over-year basis.
A number of research analysts recently issued reports on the company. Susquehanna Bancshares restated a “buy” rating and set a $173.00 price target on shares of National Beverage in a report on Thursday, January 25th. BidaskClub upgraded National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. UBS Group upgraded National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. Finally, Credit Suisse Group reiterated 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of $98.33.
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National Beverage 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.
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