American Century Companies Inc. Has $993,000 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 holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 25.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of National Beverage in the 4th quarter worth approximately $631,000. Tower Research Capital LLC TRC raised its holdings in shares of National Beverage by 38.3% in the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of National Beverage by 8.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,242 shares of the company's stock worth $822,000 after buying an additional 1,565 shares in the last quarter. Northern Trust Corp raised its holdings in shares of National Beverage by 10.6% in the 4th quarter. Northern Trust Corp now owns 295,028 shares of the company's stock worth $12,589,000 after buying an additional 28,186 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of National Beverage by 112.2% in the 4th quarter. BNP Paribas Financial Markets now owns 33,092 shares of the company's stock worth $1,412,000 after buying an additional 17,494 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

Analyst Upgrades and Downgrades

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

National Beverage Stock Performance

FIZZ stock traded down $0.41 during midday trading on Tuesday, hitting $39.33. 21,931 shares of the company's stock were exchanged, compared to its average volume of 183,671. The stock's fifty day moving average price is $45.00 and its 200-day moving average price is $43.72. The company has a market cap of $3.68 billion, a PE ratio of 19.64 and a beta of 0.72. National Beverage Corp. has a one year low of $38.25 and a one year high of $50.51.

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

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.