Macquarie Group Ltd. Purchases New Position in National Beverage Corp. (FIZZ)

Macquarie Group Ltd. purchased a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 300,498 shares of the company’s stock, valued at approximately $32,123,000. Macquarie Group Ltd. owned 0.64% of National Beverage as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FIZZ. Wells Fargo & Company MN grew its stake in shares of National Beverage by 34.2% during the 1st quarter. Wells Fargo & Company MN now owns 730,178 shares of the company’s stock worth $65,000,000 after acquiring an additional 186,083 shares during the period. SG Americas Securities LLC bought a new position in shares of National Beverage during the 1st quarter worth $147,000. Victory Capital Management Inc. grew its stake in shares of National Beverage by 72.0% during the 1st quarter. Victory Capital Management Inc. now owns 16,362 shares of the company’s stock worth $1,457,000 after acquiring an additional 6,848 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of National Beverage by 8.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 78,485 shares of the company’s stock worth $6,987,000 after acquiring an additional 5,947 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of National Beverage by 15.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 784,309 shares of the company’s stock worth $69,820,000 after acquiring an additional 107,126 shares during the period. Institutional investors own 24.21% of the company’s stock.

Shares of NASDAQ FIZZ opened at $116.92 on Monday. National Beverage Corp. has a 52 week low of $83.78 and a 52 week high of $127.32. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 36.65 and a beta of 0.88.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, September 6th. The company reported $1.04 EPS for the quarter, hitting the consensus estimate of $1.04. National Beverage had a return on equity of 51.15% and a net margin of 15.90%. The business had revenue of $292.59 million during the quarter, compared to the consensus estimate of $288.40 million. equities analysts expect that National Beverage Corp. will post 3.83 earnings per share for the current year.

Several research analysts have recently weighed in on FIZZ shares. BidaskClub upgraded National Beverage from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. Zacks Investment Research downgraded National Beverage from a “hold” rating to a “sell” rating in a research note on Friday, June 29th. Finally, Susquehanna Bancshares increased their price target on National Beverage from $141.00 to $155.00 and gave the stock a “positive” rating in a research note on Tuesday, August 28th. Four equities research analysts have rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $108.50.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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

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