Invesco Ltd. Acquires 58,670 Shares of National Beverage Corp. $FIZZ

Key Points

• Invesco Ltd. increased its stake in National Beverage Corp. by 36.8% in Q1, owning approximately 218,300 shares valued at $9.07 million as of the latest SEC filing.
• UBS Group raised its target price for National Beverage shares from $42.00 to $45.00 but maintained a "sell" rating, indicating a cautious outlook on the stock.
• National Beverage posted earnings of $0.48 EPS for the quarter, meeting consensus estimates, with revenue totaling $313.63 million, surpassing projections.

Invesco Ltd. increased its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 36.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,300 shares of the company's stock after acquiring an additional 58,670 shares during the quarter. Invesco Ltd. owned about 0.23% of National Beverage worth $9,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in National Beverage by 102.4% during the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after acquiring an additional 420 shares during the last quarter. Lazard Asset Management LLC bought a new position in National Beverage during the 4th quarter worth approximately $52,000. Parallel Advisors LLC lifted its stake in National Beverage by 307.6% in the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock valued at $55,000 after buying an additional 1,006 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in National Beverage by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock valued at $64,000 after buying an additional 415 shares in the last quarter. Finally, CWM LLC lifted its stake in National Beverage by 87.3% in the first quarter. CWM LLC now owns 1,549 shares of the company's stock valued at $64,000 after buying an additional 722 shares in the last quarter. Institutional investors own 23.95% of the company's stock.

National Beverage Stock Down 0.1%

Shares of FIZZ stock traded down $0.05 during trading on Friday, reaching $42.05. The company's stock had a trading volume of 129,604 shares, compared to its average volume of 158,483. The business has a fifty day moving average price of $45.26 and a 200-day moving average price of $43.63. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 21.03 and a beta of 0.82. 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 announced its quarterly earnings data on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, hitting analysts' consensus estimates of $0.48. The business had revenue of $313.63 million for the quarter, compared to analyst estimates of $303.26 million. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. During the same quarter in the previous year, the firm posted $0.47 earnings per share.

Analyst Ratings Changes

Separately, UBS Group lifted their price target on shares of National Beverage from $42.00 to $45.00 and gave the company a "sell" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of "Sell" and an average price target of $45.00.

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.