American Century Companies Inc. Has $993,000 Stock Holdings in National Beverage Corp. $FIZZ

Key Points

• American Century Companies Inc. reduced its holdings in National Beverage Corp. by 25.2%, now owning 23,897 shares valued at approximately $993,000.
• UBS Group raised its price target for National Beverage from $42.00 to $45.00, while maintaining a "sell" rating on the stock.
• National Beverage's stock has seen a 0.4% increase, with current trading at $41.27 and a market capitalization of $3.86 billion.

American Century Companies Inc. trimmed its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 25.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 23,897 shares of the company's stock after selling 8,053 shares during the period. American Century Companies Inc.'s holdings in National Beverage were worth $993,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of National Beverage by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 214,656 shares of the company's stock valued at $8,917,000 after buying an additional 13,053 shares during the period. Edgestream Partners L.P. bought a new stake in shares of National Beverage in the first quarter worth $7,302,000. Vanguard Group Inc. raised its position in shares of National Beverage by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company's stock valued at $116,391,000 after buying an additional 54,148 shares during the last quarter. GAMMA Investing LLC increased its stake in National Beverage by 29.2% in the first quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock worth $86,000 after purchasing an additional 466 shares during the period. Finally, Invesco Ltd. lifted its stake in National Beverage by 36.8% in the first quarter. Invesco Ltd. now owns 218,300 shares of the company's stock worth $9,068,000 after acquiring an additional 58,670 shares during the period. Hedge funds and other institutional investors own 23.95% of the company's stock.

National Beverage Stock Performance

FIZZ stock traded down $0.59 on Monday, reaching $39.42. The company had a trading volume of 83,076 shares, compared to its average volume of 183,569. National Beverage Corp. has a 1 year low of $38.25 and a 1 year high of $50.51. The company has a market cap of $3.69 billion, a P/E ratio of 19.62 and a beta of 0.72. The company's fifty day moving average is $45.07 and its 200 day moving average is $43.73.

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

Wall Street Analyst Weigh In

Separately, UBS Group cut their price target on shares of National Beverage from $45.00 to $40.00 and set a "sell" rating on the stock in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell" and an average price target of $40.00.

About National Beverage

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.