BlackRock Inc. Purchases New Position in National Beverage Corp. $FIZZ

BlackRock Inc. bought a new position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,265,616 shares of the company's stock, valued at approximately $133,087,000. BlackRock Inc. owned about 4.56% of National Beverage as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew 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 worth $29,000 after purchasing an additional 815 shares during the period. Osaic Holdings Inc. increased its position in National Beverage by 72.5% during the second quarter. Osaic Holdings Inc. now owns 1,018 shares of the company's stock worth $44,000 after buying an additional 428 shares during the last quarter. Advisory Services Network LLC bought a new stake in National Beverage in the 3rd quarter valued at $39,000. Brown Brothers Harriman & Co. grew its position in shares of National Beverage by 213.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company's stock worth $39,000 after purchasing an additional 726 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in National Beverage by 156.6% during the fourth 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 in the last quarter. Institutional investors own 23.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIZZ. Weiss Ratings upgraded shares of National Beverage from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday. UBS Group reaffirmed a "sell" rating and set a $33.00 price objective (down from $35.00) on shares of National Beverage in a research note on Friday, June 26th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, National Beverage currently has a consensus rating of "Reduce" and an average price target of $33.00.

National Beverage Stock Up 0.3%

FIZZ opened at $32.58 on Friday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 16.62 and a beta of 0.78. The firm's fifty day simple moving average is $32.03 and its two-hundred day simple moving average is $34.13. National Beverage Corp. has a 52-week low of $30.01 and a 52-week high of $42.61.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). National Beverage had a return on equity of 32.20% and a net margin of 15.56%.The company had revenue of $297.12 million for the quarter, compared to analysts' expectations of $294.81 million.

National Beverage Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, July 30th. Shareholders of record on Monday, July 13th were issued a $3.25 dividend. The ex-dividend date of this dividend was Monday, July 13th.

National Beverage Company Profile

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.

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