Goldman Sachs Group Inc. Has $8.17 Million Holdings in National Beverage Corp. $FIZZ

Key Points

• Goldman Sachs Group Inc. reduced its stake in National Beverage Corp. by 14.6%, selling 33,695 shares to end the first quarter with 196,748 shares valued at approximately $8.17 million.
• National Beverage Corp.'s stock is currently down 2.9%, with a recent market cap of $3.67 billion and a current stock price of $39.18.
• Analyst sentiment is cautious, with UBS lowering its price target from $45.00 to $40.00 and assigning a sell rating to the stock.

Goldman Sachs Group Inc. decreased its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,748 shares of the company's stock after selling 33,695 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.21% of National Beverage worth $8,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Voya Investment Management LLC grew its position in National Beverage by 20.4% in the 1st quarter. Voya Investment Management LLC now owns 13,913 shares of the company's stock worth $578,000 after purchasing an additional 2,355 shares during the last quarter. Jane Street Group LLC boosted its holdings in National Beverage by 12,294.9% during the first quarter. Jane Street Group LLC now owns 48,292 shares of the company's stock worth $2,006,000 after buying an additional 48,688 shares in the last quarter. Millennium Management LLC boosted its holdings in National Beverage by 485.3% during the first quarter. Millennium Management LLC now owns 275,644 shares of the company's stock worth $11,450,000 after buying an additional 228,553 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of National Beverage by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company's stock valued at $580,000 after acquiring an additional 620 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in National Beverage in the 1st quarter worth approximately $2,504,000. Institutional investors and hedge funds own 23.95% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price target on shares of National Beverage from $40.00 to $39.00 and set a "sell" rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell" and an average price target of $39.00.

National Beverage Trading Down 0.7%

Shares of FIZZ traded down $0.27 on Friday, reaching $38.30. 72,367 shares of the company's stock were exchanged, compared to its average volume of 188,922. The stock has a market capitalization of $3.59 billion, a P/E ratio of 19.22 and a beta of 0.72. The business has a 50 day moving average price of $43.93 and a two-hundred day moving average price of $43.60. National Beverage Corp. has a 12 month low of $38.00 and a 12 month high of $50.51.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. The business had revenue of $330.52 million during the quarter, compared to the consensus estimate of $354.18 million. National Beverage had a net margin of 15.45% and a return on equity of 43.51%.

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.