Nuveen LLC Makes New Investment in National Beverage Corp. $FIZZ

Key Points

• Nuveen LLC acquired 66,744 shares of National Beverage Corp. valued at approximately $2.77 million, increasing its stake to 0.07% by the end of the latest reporting period.
• UBS Group raised its price target for National Beverage shares from $42.00 to $45.00 while maintaining a "sell" rating, with a consensus rating of "sell" from analysts.
• National Beverage reported a quarterly EPS of $0.48, meeting expectations, and revenue of $313.63 million, exceeding analyst forecasts of $303.26 million.

Nuveen LLC purchased a new position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 66,744 shares of the company's stock, valued at approximately $2,773,000. Nuveen LLC owned approximately 0.07% of National Beverage at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Golden State Wealth Management LLC boosted its position in shares of National Beverage by 102.4% during the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after buying an additional 420 shares during the period. Lazard Asset Management LLC acquired a new position in shares of National Beverage during the fourth quarter worth about $52,000. Parallel Advisors LLC boosted its position in shares of National Beverage by 307.6% during the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock worth $55,000 after buying an additional 1,006 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of National Beverage by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after buying an additional 415 shares during the period. Finally, CWM LLC boosted its position in shares of National Beverage by 87.3% during the first quarter. CWM LLC now owns 1,549 shares of the company's stock worth $64,000 after buying an additional 722 shares during the period. 23.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group increased their price target on National Beverage from $42.00 to $45.00 and gave the company a "sell" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Sell" and a consensus price target of $45.00.

National Beverage Stock Down 0.5%

Shares of FIZZ traded down $0.23 during midday trading on Wednesday, hitting $40.89. The company's stock had a trading volume of 8,875 shares, compared to its average volume of 182,473. National Beverage Corp. has a one year low of $38.25 and a one year high of $50.51. The company's fifty day simple moving average is $45.18 and its two-hundred day simple moving average is $43.66. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 20.45 and a beta of 0.72.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its quarterly earnings data on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. National Beverage had a return on equity of 49.48% and a net margin of 15.55%.The company had revenue of $313.63 million for the quarter, compared to the consensus estimate of $303.26 million. During the same quarter last year, the business posted $0.47 EPS.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.