Bank of America Corp DE decreased its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 12.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 244,643 shares of the company's stock after selling 35,829 shares during the period. Bank of America Corp DE owned 0.26% of National Beverage worth $8,232,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its stake in shares of National Beverage by 958.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company's stock valued at $29,000 after buying an additional 815 shares during the period. Osaic Holdings Inc. grew its holdings in National Beverage by 72.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,018 shares of the company's stock worth $44,000 after acquiring an additional 428 shares in the last quarter. Advisory Services Network LLC bought a new position in National Beverage during the 3rd quarter worth about $39,000. Brown Brothers Harriman & Co. increased its position in National Beverage by 213.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company's stock valued at $39,000 after purchasing an additional 726 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its position in National Beverage by 156.6% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company's stock valued at $35,000 after purchasing an additional 678 shares during the period. Institutional investors own 23.95% of the company's stock.
National Beverage Stock Up 2.2%
NASDAQ FIZZ opened at $33.07 on Tuesday. The company has a 50 day moving average price of $32.31 and a 200 day moving average price of $34.20. National Beverage Corp. has a 52 week low of $30.01 and a 52 week high of $46.58. The firm has a market cap of $3.10 billion, a PE ratio of 16.87 and a beta of 0.78.
National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). The business had revenue of $297.12 million for the quarter, compared to analyst estimates of $294.81 million. National Beverage had a return on equity of 32.20% and a net margin of 15.56%.
National Beverage Dividend Announcement
The business also recently disclosed a special dividend, which was paid on Thursday, July 30th. Stockholders of record on Monday, July 13th were issued a dividend of $3.25 per share. The ex-dividend date was Monday, July 13th.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on FIZZ shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of National Beverage in a research report on Wednesday, June 24th. UBS Group reissued a "sell" rating and set a $33.00 price objective (down from $35.00) on shares of National Beverage in a report on Friday, June 26th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell" and an average price target of $33.00.
Get Our Latest Analysis on FIZZ
National Beverage Profile
(
Free Report)
National Beverage Corp. NASDAQ: FIZZ is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company's portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.
Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.
Further Reading
Want to see what other hedge funds are holding FIZZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Beverage Corp. (NASDAQ:FIZZ - Free Report).
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